Tag: Femi Otedola

Billionaire, Femi Otedola acquires ‘Substantial’ stake In FBN Holdings

First Bank of Nigeria’s parent company, FBN Holdings Plc, say billionaire businessman, Femi Otedola, has acquired a substantial stake in its business. According to a notice signed by company secretary, Seye Kosoko, Otedola’s stake in FBN Holdings now stands at 5.07 percent. “We refer to our communication to the market[Read More…]

Police Foil Attempt To Kidnap Femi Otedola, Nigerian Oil Magnate

The Nigeria Police Force (NPF) says an attempt to kidnap Nigerian oil magnate and billionaire, Femi Otedola, has been foiled by police operatives. A statement on Wednesday by police spokesman DCP Don Awunah said the IGP’s Intelligence Response Team (IRT) accomplished this task when it arrested a three-man notorious kidnap[Read More…]

FG Reopens Farouk Lawan’s Alleged $620k Bribe Trial Tuesday

The Federal Government will tomorrow February 2nd reopen the trial of a former Chairman, House of Representatives Ad-hoc Committee on Fuel Subsidy, Farouk Lawan and its ex-Secretary, Boniface Emenalo for allegedly obtaining $620,000 bribe money from Femi Otedola, chairman of Forte Oil. The House of Representatives members were first arraigned[Read More…]

Oil Baron, Femi Otedola Crashes Kerosene To N50 Per Liter Nationwide, Says “This Is The Real Change”

Oil Baron and chairman of Forte Oil, Femi Otedola, has crashed sales of House Hold Kerosene, HHK, to N50 per liter nationwide, an over 50 per cent reduction of its current pump price of N125 per liter. Code named “Buhari Kerosene,” the Oil Baron said the  decision to crash the pump price of[Read More…]

Kerosene Likely Cause Of Air Crashes In Nigeria Says Otedola

Chairman of Forte Oil Plc, Mr Femi Otedola, has warned that the frequent substitution of jet fuel with household kerosene (HHK) portends imminent danger for the aviation sector and may be responsible for the rising trend of air mishaps in the country. Otedola, who sounded this warning yesterday, said this[Read More…]

NLC Begs Dangote, Otedola To Donate Food To Osun workers Suffering From Rauf Aregbesola’s Failed Administration

The Nigeria Labour Congress has appealed to wealthy Nigerians like Alhaji Aliko Dangote, Femi Otedola and others to come to the aid of the Osun State workers by donating food items to them because of the hardship they are going through. The chairman of the NLC in the state, Mr.[Read More…]

Femi Otedola’s Daughter, Was The Official DJ For Buhari’s Inauguration Gala & Nigerians Weren’t Impressed

by Zenith Oduah Daughter of Nigerian oil mogul, Femi Otedola, known as Female disc jockey, Dj Cuppy was on the wheels at the official Inauguration Gala for Nigeria’s newly elected President, Muhammadu Buhari.   The dinner held at the state house, Abuja also saw the performance from Korede Bello. Read tweets below…[Read More…]

Photos: Meet The New Friends Of Nigeria’s President – Elect, General Buhari, President Jonathan’s Former Men

by Zenith Oduah Shortly after the All Progressives Congress, Candidate, General Muhammadu Buhari was widely reported to have won the Nigeria’s 2015 Presidential Elections, Wale Tinubu an associate of incumbent President Jonathan and another close ally of the current President, Femi Otedola were the first two ‘Oyel’ men to align with the regime[Read More…]

Turn Down For What? Photos From DJ Cuppy’s New York House Warming Party

2014 has definitely been a great year for DJ Cuppy. From releasing her first album to performing at some big gigs, the daughter of Nigerian billionaire businessman, Femi Otedola has been in our faces all year. The ever-smiling DJ Cuppy who has been a disc jockey since she was sixteen recently bought[Read More…]

Otedola Is ‘The Billionaire Who Bounced Back’ On Cover Of Forbes Africa’s New Issue

Nigerian billionaire businessman, Femi Otedola has graced the cover of the November issue of Forbes Africa Magazine. The bespectacled and grey-bearded oil magnate is seen wearing his white yoruba native attire and a broad smile on the cover of this new issue. He was interviewed by Abisola Owolawi who also co-wrote[Read More…]