Business You Didn’t Know Belonged to Femi Otedola
Femi Otedola is a Nigerian businessman, investor, and philanthropist who has been on Nigeria’s business landscape for decades. As the current executive chairman of Geregu Power Plc as well as other businesses in the financial services sector, shipping, Otedola has been a driving force in driving economic growth and development across the country.
While there are several high-profile businesses that are associated with the Nigerian businessman, such as his recent acquisition of about 2.245 billion shares of Transnational Corporation Plc that made him the second largest shareholder of the company, his 5.07% equity stake, in which he emerged a major shareholder of First Bank Holdings, there are other lesser-known businesses people are likely not aware of.
In this article, we will explore some of the businesses owned by Femi Otedola that are not commonly known or associated with him.
F.O Properties Limited
F.O Properties Limited is a private unlimited company owned by the business magnate, Femi Otedola. Having registered in 2003, the company is committed to delivering quality real estate developments that meet the needs of its clients.
Femi Otedola Foundation
Femi Otedola established the Femi Otedola Foundation, an initiative founded to teach persons with disabilities stem and life skills as well as helping several prominent Nigerians out of deadly ailments including Charles Bassey, ex-Nigerian international and football coach, Henry Nwosu, a former national Nigerian player, amongst others.
The foundation founded in 2018 has also partnered with other foundations including the Cuppy Foundation founded by Otedola’s daughter, Florence Otedola popularly known as DJ Cuppy. The Cuppy foundation is established to tackle issues surrounding child protection and education for girls and persons with disabilities.
Zenon Petroleum and Gas Limited
Femi Otedola is the founder of Zenon Petroleum and Gas, a gas and oil operation company founded in 1999. The company is one of the world’s leading drilling and engineering contractors working onshore and offshore with a focus on safety, quality and operational performance.