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Femi Otedola, the Group Chairman of First Bank Holdings, has explained the rationale behind the decision to write off N748bn in legacy non-performing loans, describing it as a calculated move to secure the bank’s long-term financial health, despite its heavy impact on profits. Otedola disclosed this in a post on his X handle on Saturday […]
Continue ReadingNigerian billionaire Femi Otedola has revealed that his journey to building a multi-billion-dollar empire began without a university degree or even a completed high school education. The 62 year-old oil mogul, in his newly released memoir titled: “Making It Big,” shares how his academic struggles led him to abandon formal education and dive into the […]
Continue ReadingNigerian billionaire businessman, Femi Otedola, has celebrated his long time friend, Aliko Dangote, who turns 68 on Thursday, April 10. In a post shared on Instagram, Otedola described Aliko as the greatest entrepreneur to have come out of Africa. He wrote: “Happy Birthday to my Dear Brother @aliko_dangotegcon The greatest entrepreneur to have come out […]
Continue ReadingThe face-off between Nigerian billionaire businessman, Femi Otedola, and the chairman of Zenith Bank, Jim Ovia, over an alleged multibillion naira fraud has taken a turn for the worse, TheCable reports. According to the platform, Otedola had accused Zenith Bank of unlawfully using the account of his company, Seaforce Shipping Limited, to trade in 2011 […]
Continue ReadingNigerian billionaire businessman, Femi Otedola’s mum, Madam Adedoja Christine Otedola, popularly called Lady Doja, turns 92 on Wednesday. And he took to his Instagram page to celebrate his mum on her special day. Sharing photo of them together, he wrote: “Happy 92nd birthday, Mom! Your love, wisdom, and strength have shaped me into who I […]
Continue ReadingBillionaire Nigerian businessman, Mr. Femi Otedola has accused the chairman of Transnational Corporation of Nigeria (Transcorp), Mr. Tony Elumelu, of backstabbing him repeatedly at his most vulnerable moments in business. This came to light on Tuesday in a statement he issued to TheCable, weeks after the businessman acquired stakes in Transcorp and sold the shares. Otedola […]
Continue ReadingNigerian billionaire businessman, Mr. Femi Otedola gave his daughter, Florence Ifeoluwa Otedola popularly known as DJ Cuppy, a £5 million country home for her 30th birthday. Cuppy, whose birth name is Ifeoluwa Otedola, turned 30 on Nov. 11, 2022. She took to her Instagram Stories to reveal the generous gift her father gave her to commemorate […]
Continue ReadingA video clip from Nigerian billionaire businessman, Femi Otedola’s 60th birthday party onboard the Aristotle Onassis’ Christina O super luxury Yacht he reportedly rented for €3m (over N2.2bn) has surfaced online. The billionaire business mogul’s daughter, Cuppy had revealed that her father always dreamt as a little boy to visit the iconic 99m super-yacht CHRISTINA […]
Continue ReadingBillionaire entrepreneur, Femi Otedola and his beautiful daughters are currently on holiday in the beautiful country, Monaco. The billionaire arrived Monaco with his daughters, Tolani, DJ Cuppy and Temi, and from the photos they shared online, they are having a swell time. See more of the photos below:
Continue ReadingBusiness mogul, the Chairman and Chief Executive Officer of Forte Oil, Mr. Femi Otedola, appears to be delving into an unfamiliar terrain. Who knows, after all his dad was a former governor. Fresh reports indicate that Otedola is set to run for the governorship seat of Lagos state under the Peoples Democratic Party platform. According […]
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