Femi Otedola is a Nigerian businessman and the chairman of Geregu Power. His career has moved from printing and petroleum-product distribution to listed power generation and banking investment.
Background and Zenon
Otedola was born on 4 November 1962. His father, Michael Otedola, served as governor of Lagos State from 1992 to 1993. Femi Otedola worked in the family’s printing business before entering petroleum-product trading.
He founded Zenon Petroleum and Gas and later became the controlling shareholder and chairman of African Petroleum, which was renamed Forte Oil. In 2019, he sold his interest in Forte Oil to Prudent Energy.
Geregu Power
Otedola became closely associated with Geregu Power, a gas-fired electricity-generation company in Kogi State. Geregu listed on the Nigerian Exchange in October 2022. The exchange and the company publish dated information about leadership, ownership and corporate results.
The power business differs from fuel retail: it sells generated electricity into Nigeria’s electricity market and depends on gas supply, plant availability, transmission and payment across the sector. Those operating facts are more useful to readers than unsourced estimates of Otedola’s personal fortune.
Other public activity
Otedola has held significant stakes in Nigerian listed companies and has made large public charitable donations. Shareholdings can change through market transactions, so this profile does not present an old annual-report figure as a current permanent holding.
Members of his family work in music and film, but their careers are separate subjects. This account keeps its focus on Otedola’s documented business roles and avoids private-property lists, yacht claims and family details copied from celebrity websites.
Sources and verification
We checked key biographical and career claims on this page against the primary or authoritative references below. Follow the links for the source record and its latest updates.
Max Adeyemi is a Lagos-based writer covering Nigerian and African entertainment, sport, business, and culture. He has spent over a decade tracking the careers, controversies, and quiet achievements of the people who move the culture. He writes all profiles on Nolly.
