Femi Otedola

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Femi Peter Otedola (born 4 November 1962) is a Nigerian businessman and philanthropist. He is the former chairman of Forte Oil PLC, and former executive chairman of Geregu Power PLC. Otedola made his first fortune in commodities before selling his shares in Forte Oil to invest in the energy business. Otedola was chairman of Geregu Power, a power generation business, and owned more than 70% of the shares. In 2022 and 2023, he sold down Geregu stake that was once more than 95% to bring on institutional investors. Investors in Geregu include the Nigerian government, the Afrexim Fund for Export Development in Africa and the State Grid Corporation of China. He owns properties in Lagos, Dubai, London and Monaco, and holds shares in Zenith Bank and FBN Holdings. Otedola founded Zenon Petroleum and Gas Ltd and owns several other ventures spanning shipping, real estate, and finance.