Personality Of The Week: Femi Otedola (Controlling Shareholder Of Forte Oil PLC

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Full Name: Femi Otedola

Date Of Birth: November 4, 1962

Age: 54

Residence: Lagos, Lagos State , Nigeria

Nationality: Nigeria



Occupation: Chairman of Forte Oil PLC

Net worth: US$1.8 m billion (2015)

Femi Otedola on Forbes Lists
#1011 Billionaires (2016)
#3 in Nigeria
#1741 in 2015
#16 Africa's 50 Richest (2015)

Spouse(s): Nana Otedola

Children: 4, three daughters - Christine Oluwnmi, Florence Ifeoluwa, Elizabeth Temi and a son, Fewa.
Florence Otedola, aka DJ Cuppy , is an international DJ and music producer, as well as a tourism ambassador for Nigeria. Her younger sister, Temi, is a style blogger and aspiring designer.

Brief History: Femi Otedola is a Nigerian buisiness man and chairman/controlling shareholder of publicly traded Forte Oil (formerly known as African petroleum),  an oil marketing and power generation company.

He is also the founder of Zenon Petroleum and Gas Ltd, with over 500 gas stations and the owner of a number of other businesses across shipping, real estate and finance.

In march 2009, Otedola became the second Nigerian after Aliko Dangote to be added in Forbes list of dollar-denominated billionaires.

Other Investments: 1- established CentreForce Ltd in 1994, specialising in finance, investments and trading.
2- Owner of Swift Insurance.

Other Positions: currently serves as chief executive and president of SeaForce Shipping Company Ltd and was at one point Nigeria’s largest ship owner after extending control over the distribution of diesel products.
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