10 Things You Didn’t Know About Femi Otedola

The CEO and founder of Forte Oil Plc, Femi Otedola is a father and Nigerian billionaire born in the year 1962. The son of the former Lagos State Governor, Sir Michael Otedola has definitely taken after his father’s savvy entrepreneurial skills and philanthropy. There is no doubt that the 54-years-old billionaire has been a great source of inspiration for many people in Nigeria and across Africa.

Here are 10 things you probably didn’t know about the Nigerian billionaire, Femi Otedola:

1. Femi Otedola was born in the year 1962 at Ibadan, Nigeria. He is the son of the former Governor of Lagos State, Sir Michael Otedola.

2. He is married to Nana Otedola and they are blessed with 4 children.

3. He is the father to the tourism ambassador of Nigeria and music producer, Florence Otedola best known as DJ Cuppy.

4. In 2007, he was appointed as the CEO and chairman of Africa Petroleum which was renamed as Forte Oil Plc.

5. He donated 80 million naire to the Faculty of Agriculture at the University of Port Harcourt in 2008.

6. He is also the CEO and President of Zenon Petroleum and Gas Limited. The company supplies fuel to most of the major manufactures in the country including Coca Cola, MTN, Nestle, Unilever, dangote Group and Nigerian Breweries.

7. In 2011, he was appointed to Nigeria’s National Economic Management Team by President Goodluck Jonathan and as part of the liberalisation of the sector in Nigeria, he recently invested in power generation.

8. He is also the founder of FO Transport and Seaforce Shipping Company Ltd, Swift Insurance, Atlas Shipping Agency and FO Properties Limited.

9. He is the second Nigerian after Aliko Dangote to be included on the Forbes list of dollar-denominated billionaires with an estimated net worth of $1.2 billion.

10. He was listed at number 29 as the richest man in Africa by Forbes Magazine in 2014.