ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Features

Otedola: Businessman who touches lives

12th December 2020
in Features
0
Otedola: Businessman who touches lives
0
SHARES
76
VIEWS
Share on FacebookShare on Twitter

By Adewale Sanyaolu, Energy Correspondent

Mega businessman, Mr. Femi Otedola is in love with challenges. The reason, some have suggested, might be because he has the secret key to overcoming any challenge that comes his way, no matter how daunting. Indeed, the story of Corporate Nigeria would not be complete without a prominent mention of Otedola, a former Chairman of Forte Oil Plc.

In June last year, Otedola completed the sale of his 75 per cent stake in Forte Oil. The sale was finalised more than three years after the firm sold 17 per cent of its equity to a Swiss oil trading firm. In a message on his twitter handle, the Forte Oil boss said the process had been completed and he was prepared to focus on his investment in the power sector.

He said: “A few years ago, my team and I embarked on an arduous task of transforming a moribund petroleum marketing business, African Petroleum Plc (formerly British Petroleum) into Forte Oil Plc, a leading integrated solutions provider with solid footprints in downstream petroleum marketing, upstream services and power generation and one in which we built intrinsic value to the benefits of our shareholders.

“In line with my principle of business focus, we have divested from our marketing and upstream businesses and shall, from now on, focus and consolidate on the gains of our power generation business, Geregu Power Plc. We wish our successors the very best and urge them to build on our legacies which have been established since 1964.”

Otedola’s net worth and success stem from hard work, consistency and determination. He has also had a fair share of business and personal challenges but never gave up.

Femi Otedola was born on November 4, 1962 to Michael Otedola, one-time Lagos State governor who served from 1992 to 1993,   and Lady Doja in Ibadan. He had his first degree at Obafemi Awolowo University, Ile-Ife.

Otedola has engaged in acts of giving, extending humanitarian services to the less privileged. Among his numerous philanthropic gestures is the donation towards the completion of the National Ecumenical Centre in 2005. He also donates to Michael Otedola’s University scheme, which has helped more than 1,000 students.

In a bid to ensure a crime free Lagos, Otedola gave a N200 million donation to the State Security Trust Fund in 2007. He extended his donation to Otedola College of Primary Education by giving the school N100million in 2007. The Faculty of Agriculture at the University of Port-Harcourt was also a beneficiary of Femi Otedola’s philanthropy when he donated N80million to the faculty.

In 2018, Femi Otedola, who was the chief launcher at Augustine University Fundraising and Founders day, pledged to build a fully furnished Faculty of Engineering worth N500 million for the University. In the last quarter of last year, Otedola donated N5 billion (approximately $14 million) to the Save the Children Fund through his daughter, DJ Cuppy’s Foundation, to support various intervention programmes for destitute children in the North-East region.

Click Here>>>>>>7 Natural Herbs to Finally End Premature Ejaculation and Weak Erection<<<<<<

Click Here>>>>>>Anti-kidnap and anti-theft device for tracking and listening<<<<<<

Tags: former Chairman of Forte Oil PlcMr. Femi Otedolaobafemi awolowo university
Rapheal

Rapheal

Related Posts

Enugu Ngwo: Sitting on  a powder keg
Features

Enugu Ngwo: Sitting on a powder keg

19th January 2021
We’ll be asking for restitution –Prof. Agu
Features

We’ll be asking for restitution –Prof. Agu

19th January 2021
Meeting of the ‘Big Five’
Features

Meeting of the ‘Big Five’

19th January 2021
Next Post

COVID-19 vaccine and Ogbuagu’s feat

I’d rather remain single than be second wife –Peju Johnson

I’d rather remain single than be second wife –Peju Johnson

Agwu: The jinx breaker sports administrator

Agwu: The jinx breaker sports administrator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Sri Lanka to make sign language means of communication

APC product of hurried arrangement — Okorocha

Benue PFN inaugurates Kurudu as chairman

New CP assumes duty in Kebbi

Pope Francis appoints Kukah adviser on human development

Cash Grant: FG gives N20,000 each to 247 female cattle breeders in Kebbi

Trending

Facial coverings: Switzerland recommends rejection of ban during March referendum
World News

Facial coverings: Switzerland recommends rejection of ban during March referendum

19th January 2021
0

(Reuters/NAN) The Swiss government recommended on Tuesday that voters reject a proposal in a planned March 7...

Court orders internet fraudster to pay N250,000 fine

Court orders internet fraudster to pay N250,000 fine

19th January 2021
Kwara crisis: APC refers Lai Mohammed, Saraki, Gov Abdulrazak to Northcentral zone

Kwara crisis: APC refers Lai Mohammed, Saraki, Gov Abdulrazak to Northcentral zone

19th January 2021
Sri Lanka to make sign language means of communication

Sri Lanka to make sign language means of communication

19th January 2021
Okorocha

APC product of hurried arrangement — Okorocha

19th January 2021
ADVERTISEMENT

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist