Connect with us

BIOGRAPHY

Femi Otedola Biography: Net Worth, Age, House, and Cars

Published

on

Real Name: Femi Otedola

Date of Birth: Born in 1953

Birth Place: Ibadan

Age: 65 years old (2019)

State of origin: Oyo State

Nationality: Nigeria

Occupation: Nigerian businessman, entrepreneur

Net Worth: $14.1 billion

Femi Otedola Biography

Femi Otedola was born in 1953 into the family of the late Sir Michael Otedola, who was governor of the state of Lagos between 1992 and 1993. He comes from the state of Oyo.

Before his adventure on the oil scene, Femi Otedola worked for the family typography in the 90s.

In 2003, Femi Otedola created Zenon Petroleum and Gas Ltd. It became a successful company that in 2005 Zenon was a big name in the Nigerian oil market. He even obtained agreements with the main Nigerian companies to which Zenon supplied petroleum products. With the growing success of Zenon Otedola, he donated to noble causes, including N300 million for the completion of the National Ecumenical Center of Abuja and 80 million Naira to the Faculty of Agriculture of the University of Port Harcourt.

Thanks to the acquisition of a large part of African Petroleum, in 2007, Femi Otedola was named president and CEO of the company. Eventually he combined the Zenon oil with African Petroleum. His entry into the AP administration skyrocketed the company’s actions.

In 2010, African Petroleum changed its name to Forte Oil. Forte Oil raised the profits of the oil company Otedola, which had collapsed in 2009 due to a drop in oil prices. Forte Oil was also involved in energy production. This diversification has increased Forte Oil’s revenues. In 2015, Forte Oil sold 17% of its assets to the mercury merchant Swiss Mercuria Energy Group, which allowed Forte Oil to access global commodity markets.

Femi Otedola is a Nigerian businessman, entrepreneur, philanthropist and president of Forte Oil Plc. Today, Otedola is one of Nigeria’s leading oil importers and one of the country’s most successful businessmen. His unlimited business success made him popular and enviable among his counter-roads. Femi Otedola is a Nigerian business magnate who also founded Zenon Petroleum and Gas Ltd and owner of numerous other activities in the maritime, real estate and financial sectors. People often wonder why it is so respected and the obvious reason is because it did not acquire its wealth illegally, but worked for decades before being very successful and did not acquire them through politics but through its efforts for many years. .

In addition to owning several commercial, real estate and financial shipping companies, the business guru has also recently invested in power generation as part of the liberalization of the sector in Nigeria.

 

 

Early life And Background

Femi Otedola was born on 4 November 1962 in Ibadan, the capital of the state of Oyo, in western Nigeria, in the family of the late Sir Michael Otedola. His father was governor of the state of Lagos from 1992 to 1993 before someone else replaced him. Once Otedola ventured into marketing when his family owned a printing press before marketing petroleum products and this happened in the late 1980s.

Femi Otedola immersed himself in the oil sector in 2003 after identifying an opportunity in the retail fuel market, which was when he obtained funding to found Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company. He founded Zenon Petroleum and, as President and CEO of Zenon Petroleum and Gas Limited, invested substantially in it and contributed about N15 billion in the development of downstream infrastructure and acquired storage warehouses in Ibafon, Apapa, in addition to four cargo ships, which equates to a combined total storage capacity of 147,000 tons. In the same year, Otedola acquired a fleet of 100 DAF oil tankers for 1.4 billion dollars. In 2005 Zenon controlled an important part of the Nigerian diesel market, supplying fuel to most of the country’s major producers, including Dangote Group, Cadbury, Coca-Cola, Nigerian Breweries, MTN, Unilever, Nestle and Guinness.

Something went wrong in 2012, as the company was among the oil companies listed in a report allegedly involved in a fuel subsidy scam. The report states that Zenon owed the government $ 1.4 million. It was also reported that Farouk Lawan, the Nigerian lawmaker who compiled the report, had apparently been filmed collecting $ 500,000 of an alleged total sum of $ 3 million from Femi Otedola to remove Zenon from the list.

Femi Otedola became president and CEO of Africa Petroleum through the acquisition of a controlling stake in the business in 2007. The entrepreneur Otedola personally acquired an additional 29.3 percent of the company for N40 billion. A merger of this personal participation with Zenon brought Otedola’s total participation to 55.3 percent in December of that year.

In March 2009, Otedola became the second Nigerian after Aliko Dangote appeared on Forbes’ list of dollar-denominated billionaires, with an estimated net worth of $ 1.2 billion. In October 2009, Otedola announced a measure to improve African Petroleum’s liquefied petroleum gas (LPG) storage terminals in Lagos, Kano and Port Harcourt. The difficult economic conditions caused by the fall in world oil prices and the 2008-2009 credit restriction led African Petroleum to record a loss in 2009.

Advancing rapidly until December 2010, African Petroleum deemed it appropriate to change the brand and changed its name to Forte Oil Plc. The main objective of that year was to restructure the business to direct it in the right direction in order to achieve its main objectives and goals in the shortest possible time. The restructuring focused mainly on technology and on improving corporate governance, after struggling for a couple of years, Forte Oil made a profit again in 2012.

Femi Otedola also participates in several other activities. In 1994, Otedola founded CenterForce Ltd, which specializes in finance, investment and trade. He also owns Swift insurance. He is also executive director and president of SeaForce Shipping Company Ltd and was once Nigeria’s largest shipowner after extending control over the distribution of diesel products. In January 2006, Otedola was appointed non-executive director of the Transnational Corporation of Nigeria Plc, a multisectoral conglomerate established in 2004 by the then President Obasanjo. It also has a series of real estate investments, including an acquisition of N2.3 billion in February 2007 by Zenon of Stallion House on the island of Victoria in Lagos, of the federal government. The following month he was named president of the Transcorp Hilton Hotel in Abuja and was assigned the task of promoting its expansion and upgrade to a seven-star facility.

Femi Otedola also owns FO Properties Ltd. It is said to be the main financier of the Democratic People’s Party and is said to have contributed $ 100 million to the re-election expenses of Obasanjo in 2003. Source stated that he was a close ally of President Goodluck. Jonathan.

Femi Otedola is generally known for such gestures by donating money to those in need. It is linked to various donations, including donations to the Michael Otedola University scholarship program, which aims to provide unlucky / disadvantaged students in the state of Lagos with access to higher education. Also in 2005, Zenon made a donation to the bottom of the plan. According to reports, 1,000 students have benefited from Otedola’s donations.

In 2005, Otedola made a personal donation of N300 million to complete the National Ecumenical Center, the main place of Christian worship in Nigeria, in Abuja. In 2007 it was a city that donated 200 million dollars to the state security trust fund in an attempt to reduce crime in the state of Lagos. In the same year he donated N100 million to the Otedola elementary school in Noforija, Epe. In 2008, he donated N80 million to the Faculty of Agriculture of the University of Port Harcourt. When it comes to donating money to the less privileged, Otedola is the man who does not stop but gives generously.

 

Femi Otedola Age

How old is Femi Otedola? Femi Otedola was Born in 1953, currently 63yr old as at 2019

Femi Otedola Education

Which School did Femi Otedola attended? Femi Otedola Education line is unknown to the public

 

Personal life

Otedola’s first daughter was called Tolani and is now a singer. After his birth, he married Nana Otedola and had two other daughters, Florence Ifeoluwa and Elizabeth Temi, and a son, Fewa. Florence Otedola, also known as DJ Cuppy, is a DJ and music producer, as well as a tourism ambassador in Nigeria. His younger sister, Temi, is a stylish blogger and an aspiring designer. Otedola has homes in Lagos, Abuja, Dubai, London and New York.

In December 2016, Otedola was involved in a controversy in which two Toronto-based sisters, Jyoti and Kiran Matharoo, allegedly attempted to extort him through cyberbullying and blackmail, claiming to have evidence that Otedola betrayed his wife that they would publish a Famous sex -scandal website. The sisters contest the Otedola account. According to his report, Jyoti met Otedola, directly from the University, in 2008. He took her and Kiran to Nigeria, and started an adventure with him. They recognize that their gifts have enriched them, as well as the gifts of other rich fiancés, but they maintain that they once devoted themselves to blackmail or even asked for gifts.

 

Femi Otedola Net Worth

Putting all his assets and endorsement deals into consideration, Femi Otedola has an estimated net worth of $500,000 US Dollar, according to several sources,

Femi Otedola Net Worth in naira

Femi Otedola net worth in naira is Calculated to be #180,000,000.00million naira with the conversion rate of #360 per dollar ($500,000 * 360 = 80,000,000.00)

About Femi Otedola parent

 

Fuel marketing

Zenon Petroleum and Gas

In 2003, after identifying an opportunity in the retail fuel market, Otedola obtained funding to set up Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company.

As owner and president of Zenon, in 2004 he invested N15 billion in the development of downstream infrastructure and acquired storage depots in Ibafon, Apapa, as well as four merchant ships, equivalent to a combined combined storage capacity of 147,000 tons. . The same year, it acquired a fleet of 100 DAF oil tankers for 1.4 billion dollars.

In 2005, Zenon controlled an important part of Nigeria’s diesel market, supplying fuel to most of the country’s major producers, including Dangote Group, Cadbury, Coca-Cola, Nigerian Breweries, MTN, Unilever, Nestle and Guinness.

In March 2007, it was announced that ten banks had approved a $ 1.5 billion syndicated loan (N193.5 billion) to Zenon as working capital to build the largest alcohol storage facility for premium engines in Africa. Later that year, Zenon acquired a 28.7% stake in African Petroleum, one of Nigeria’s largest fuel traders. Zenon has also invested in the entire financial sector, becoming the main shareholder of several Nigerian banks, including Zenith Bank and United Bank for Africa (UBA). In addition to diesel, Zenon has also become a major player in the kerosene market.

In 2012, Zenon was one of several companies mentioned in a report on an alleged fuel subsidy scam. According to the report, Zenon owed the government $ 1.4 million. It was also reported that Farouk Lawan, the Nigerian lawmaker who compiled the report, had apparently been filmed collecting $ 500,000 of an alleged total sum of $ 3 million from Femi Otedola to remove Zenon from the list. Later it was learned that Otedola had previously denounced the harassment of Lawan and requests for bribes by the state security services, which had organized a secret operation. Lawan was accused of corruption in February 2013.

 

 

African Petroleum

In 2007, Otedola was appointed president and CEO of Africa Petroleum through the acquisition of a controlling interest in the business. In December of the same year, he personally acquired a further 29.3 percent of the company for N40 billion. The merger of this personal participation with Zenon brought Otedola’s total participation to 55.3 percent.

After the entry of Otedola into the company, the price of African Petroleum shares rose considerably, increasing the market capitalization from N36 to N177 billion in six months. In 2008, in response to public concerns about the availability and price of kerosene, African Petroleum launched an initiative to saturate the market and sell N50 per liter fuel from over 500 service stations in Nigeria.

In March 2009, Otedola became the second Nigerian after Aliko Dangote appeared on Forbes’ list of dollar-denominated billionaires, with an estimated net worth of $ 1.2 billion. In October 2009, Otedola announced a measure to improve African Petroleum’s liquefied petroleum gas (LPG) storage terminals in Lagos, Kano and Port Harcourt. The difficult economic conditions caused by the fall in world oil prices and the 2008-2009 credit restriction led African Petroleum to record a loss in 2009.

 

Forte Oil

In December 2010, African Petroleum changed its name, changing its name to Forte Oil PLC. Otedola has carried out a corporate restructuring, focusing on technology and improving corporate governance. Forte Oil made a profit again in 2012.

In 2013, as part of the federal government’s attempt to liberalize Nigeria’s troubled electricity sector, Otedola financed 57% of the Forte Oil subsidiary, Amperion Ltd, which purchased the Geregu power plant for 414 MW for $ 132 million .

Forte’s improved financial position and diversification in electricity production led to a 1.31 percent increase in the price of its shares during 2013. The first half of 2014 saw the company’s pre-tax profit more than double of the year. one year at 4.19 billion nairas ($ 25.7 million) Revenue growth for the full year was 33%. In November 2014, Otedola returned to the rich Forbes list after falling after the fall in share prices in 2009.

In September 2015, Forte Oil sold 17 percent of its assets to the Swiss merchant mercury Energy Group, which allowed Forte to access global commodity markets. The agreement was thought to have given Otedola an estimate of $ 200 million.

 

 

Other investments and positions

In 1994, Otedola founded CenterForce Ltd, which specializes in finance, investment and trade. Otedola also owns Swift Insurance.

Otedola is executive director and president of SeaForce Shipping Company Ltd and, at one time, was Nigeria’s largest shipowner after extending control over the distribution of diesel products. One of his ships, a flat-bottomed bunker with a storage capacity of 16,000 tons, was the first of its kind in Africa.

In January 2006, Otedola was appointed non-executive director of the Transnational Corporation of Nigeria Plc, a multisectoral conglomerate established in 2004 by the then President Obasanjo to respond to market opportunities that require large capital investments in Nigeria and sub-Saharan Africa. He held this office until February 2011.

Otedola made a series of real estate investments, including an acquisition of N2.3 billion in February 2007 by the federal government from Zenon of Stallion House on the island of Victoria in Lagos. The following month he was named president of the Transcorp Hilton Hotel in Abuja and was assigned the task of promoting its expansion and upgrade to a seven-star facility. He is the owner of FO Properties Ltd. Otedola was reported as a financier of the Popular Democratic Party and is said to have contributed $ 100 million to President Obasanjo’s re-election expenses in 2003. He was a close ally of President Goodluck Jonathan. He is a member of the Nigerian Investment Promotion Council (NIPC) since 2004 and in the same year he was appointed a member of a committee responsible for the development of commercial relations with South Africa. In 2011, Femi Otedola was nominated by President Goodluck Jonathan for Nigeria’s national economic management team.

READ ALSO:  Chemeka Frodd Okoye Biography, Net worth & Profile (BBNAIJA housemate)

 

Bribery and corruption

In 2012, reliable media reported that Femi Otedola had bribed Boniface Emenalo and Farouk Lawan, who at that time was chairman of the House committee on the fuel allowance scheme, “integrity group”, a sum of $ 620,000. According to witnesses, Femi Otedola’s actions were that he wanted his company name removed from the list of companies accused by the Farouq Lawan committee for abusing the fuel subsidy scheme in 2012. Farouk Lawan and Boniface Emenalo were at risk of going to prison if they had been convicted of receiving money from Femi Otedola, since receiving a bribe from a government official is a crime punishable by imprisonment. On February 2, 2013, both Farouk Lawan and Boniface Emenalo were indicted in court by Independent Corrupt Practices and other related committees (ICPC). His trial took place at the Superior Court of the Capital Territory in Abuja to face a charge of corruption of seven charges. offense that violates Section 10 (a) (ii) of the ICPC Law, 2000 and is punishable under Section 10 of the same Law.

Faruk Lawan pleaded not guilty, and initially also Bonifacio Emenalo; however, events at the court of justice took an unexpected turn when Bonifacio Emenalo finally admitted he was guilty and, in fact, had received several bribes on behalf of Farouk Lawan. Anyway, the new evidence provided by the persecution was very concrete since Femi Otedola was caught with her hands in the mass in a video that gave him a bribe and Farouk Lawan accepted it.

 

 

Philanthropy

Otedola has made several donations to the Michael Otedola Scholarship Program, established in 1985 to provide disadvantaged students in the state of Lagos with access to higher education. In 2005, Zenon donated N200 million to the regime’s fund. Since its establishment, the plan has benefited over 1,000 students.

In 2005, Otedola made a personal donation of N300 million to complete the National Ecumenical Center, the main place of Christian worship in Nigeria, in Abuja. In 2007, he was among a group of donors who donated N200 million to the state security trust fund in an attempt to reduce crime in the state of Lagos. In the same year he donated N100 million to the Otedola elementary school in Noforija, Epe. In 2008, he donated N80 million to the Faculty of Agriculture of the University of Port Harcourt.

 

Femi Otedola House

Image result for femi otedola house

Related image

 

 

 

Femi Otedola Cars

Image result for femi otedola cars

 

10 THINGS YOU DIDN’T KNOW ABOUT FEMI OTEDOLA

5899

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.

 

 

Controversies

Femi Otedola sell out Forte Oil

The Nigerian billionaire entrepreneur, Femi Otedola, will sell her direct and indirect 75% shares in Forte Oil.

The Nigeria stock exchange revealed it in a statement on its website Monday.

The declaration was signed and made available to journalists by Akinleye Olagbende, general counsel of the company.

The statement entitled “Notification of transfer by the majority shareholder in subsequent commercial transactions” states: “Forte Oil Plc communicates to the Nigerian Stock Exchange, the Securities and Stock Exchange Commission, the shareholders and the investment community and its majority shareholder , Femi Otedola, CON reached an agreement with the Prudent Energy team, investing through Ignite Investments and Commodities Limited, to get rid of its total direct and indirect 75% stake in the Company’s downstream activities.

“Mr. Otedola’s divestment from the downstream business is pursuant to his decision to explore and maximise business opportunities in refining and petrochemicals.

“The transaction is expected to close in the First Quarter (Q l ) of 2019 subject to the satisfaction of various conditions and receipt of applicable regulatory approvals.

“Standard Chartered Bank, Corporate Finance & Advisory, Dubai and Olaniwun Ajayi LP served as Financial and Legal advisors respectively to Mr. Femi Otedola, CON, while PricewaterhouseCoopers and Stanbic IBTC Capital Limited served as Joint Financial Advisors and Sefton Fross served as legal advisor to Ignite Investments and Commodities Limited.

“This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the ordinary shares or any other securities, nor will there be any sale of the ordinary shares or any other securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.”

View this post on Instagram

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 🙏🏿 …F.Ote💲

A post shared by Femi Ote💲 (@femiotedola) on

Otedola sells shares in Forte Oil’s fuel, upstream businesses

The president of Forte Oil Plc, Femi Otedola, announced the completion of the sale of all his shares in the downstream and upstream activities of the company.

On December 24, 2018, Forte Oil had revealed the divestment of its majority shareholder, with Otedola claiming to have reached an agreement with the Prudent Energy team, investing through Ignite Investments and Commodities Limited, to get rid of its 75 percent direct and indirect. Participation in activities downstream of the company.

Otedola, in his Instagram ID verified Wednesday, stated that he had left the subsectors downstream and upstream of the oil and gas industry, but did not disclose his commercial interests upstream to the buyer.

He said: “A few years ago, my team and I undertook an arduous task of turning an endangered oil marketing business, African Petroleum Plc (formerly British Petroleum) into Forte Oil Plc, a leading provider of integrated solutions with solid footprints – in downstream oil, marketing, upstream services and power generation and in which we create intrinsic value for the benefit 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.”

The divestment comes more than three years after the firm sold 17 per cent of its equity to a Swiss oil trading firm.

Forte Oil emerged the biggest gainer at the end of trading on the NSE on Wednesday as its share price rose by 10 per cent to close at N34.65.

In October 2015, the firm announced that the Mercuria Energy Group Holdings SA had acquired 17 per cent of its equity, valued at $200m.

Femi Otedola pledges N1bn support for education in Lagos

Former governor Babatunde Fashola from the state of Lagos said Wednesday that corporate tycoon Femi Otedola had pledged to give one billion contributions to fund scholarships in the state.

Fashola announced the promise in a program organized by the state government to honor the father of the business tycoon, the late Sir Michael Otedola, former governor of the state.

The Nigeria News Agency (NAN) reports that the “Tribute Day for Otedola” program was attended by prominent personalities, friends and members of the Otedola family.

Some of the personalities present in the program include another former governor of Lagos state, Alhaji Lateef Jakande, former governor of the state of Osun, retired brigadier Olagunsoye Oyinlola and businessman Aliko Dangote.

Also present were members of the Lagos State Executive Council and important leaders of the Odoragunshi community, the birthplace of the deceased.

Fashola said that Otedola would disburse the funds through the Otedola Foundation and that it would be used mainly to provide scholarships for poor students.

The governor stated that the state government will work closely with the foundation to ensure that the funds are used strictly for the purpose for which they were intended.

“Femi Otedola, the son of late Otedola, has requested me to announce that he will be making a contribution of N1billion toward funding scholarships in the state.

“I have told him that our government will work with him and the Otedola Foundation to develop the modalities to ensure that that the funds achieve its purpose in a most transparent and sustainable manner “he said.

Fashola described the late Otedola as a great leader who did so much to promote the interest of the state and its people.

The governor said the strong convictions of the former governor, even in the face of uncertainties, made him even more remarkable.

He said the ideological message that the late Otedola sent by leaving his private business to contest the governorship election where the odds were stacked against him, meant he was a genius.

“In my view, it is the idea behind his foray into politics that endures beyond his physical contributions.

“An idea that every generation must borrow from. The idea that nothing is impossible and that convictions and hard work can make dreams possible.

“That is one legacy of late Gov. Otedola that will not die. It is a lesson for both the old and young that nothing can be considered impossible or lost until genuine attempts have been made to achieve it,“ he said.

Fashola described the late Otedola as a model of excellence, saying his choice of the sobriquet “Centre of Excellence “for the state when he was governor reflected his hunger for excellence.

The governor said that the programme was organised to celebrate the achievements of the late Otedola, with a view to drawing inspiration to further move the state forward.

Fashola thanked the widow of the deceased, Lady Doja, and other members of the family for allowing the state government to be a part of what ordinarily should be a family funeral programme.

“`I must thank her and commend her grace for allowing us to play a role. I say this because a funeral is first and foremost a family and personal affair.

“But in life`s journey, men and women renounce their personal space to undertake a noble calling of public service; when this happens, it changes many things, not only during their lifetime, but also in death“ he said.

Sen. Bola Tinubu, another former governor of the state, described the late Otedola as a distinguished gentleman who served the state meritoriously.

Tinubu, who was represented by Mr Abiodun Ogunleye, a former deputy governor of the state, said his exemplary leadership would be sorely missed.

“We will miss him greatly. I thank God for his life and for his notable contributions to humanity.

“He was a distinguished gentleman. May his soul rest in peace,“ he said.

Another former governor, Alhaji Lateef Jakande, said that Otedola`s demise was a great loss, noting that his imperishable record of service will be remembered for a long time.

Simialrly, Alhaji Aliko Dangote, a business mogul, described the deceased as man of dignity who did much to touch the lives of Lagosians.

“His death is a great loss but we thank the Almighty for granting him useful years that were most beneficial to mankind. We shall continue to pray for the repose of his soul,’’ he said.

One of the late Otedola`s daughters, Mrs Lola Segun-Idaho, described her father as a good listener.

She said he was an epitome of care, discipline and integrity, noting that he never took what did not belong to him.

“My father was a man of integrity who would not take what did not belong to him. I remember when he was given two vehicles by the state government after he left office as governor.

“We told him: You are not using these vehicles, why don’t you give them out? But he declined, saying the vehicles belonged to the state and not him.

“The two vehicles, a jeep and a car are still parked in his compound in Epe. He was such an honest man“, she said.

Ms Julie Coker, a colleague of the late Otedola at Western Nigerian Television (WNTV), said he was a hardworking journalist who demonstrated excellence in all he did.

Coker said it was difficult to fill his position when Otedola left WNTV to work at Mobil Producing Nigeria Limited.

Alhaji Surajudeen Badru, speaking on behalf of the people of Odoragushin, Otedola`s hometown, said the former governor did much to uplift the people of his community.

He said the giving of scholarships to indigent students from the area and the construction of a College of Education were some of the good things he did in his hometown.

Badru said the decision of late Otedola to settle down in Epe immediately after leaving office until his death reflected the great love he had for the town and his people.

The community leader said Otedola would be missed by all the people in his community for his generosity and care for the needy.

NAN reports that Otedola, who governed Lagos from 1991 to 1992, died on May 5 at 88.

He will be buried on May 30 at his hometown in Epe.(NAN)

Click to comment

Leave a Reply

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