Oba Akiolu is one of the richest monarchs in Nigeria. Here are the top 20 richest men in Nigeria and their net worth as ranked by Forbes’ list this 2020. Pivot Energy Co., Ltd. (PECL) is committed to providing engineering, procurement, and construction services to the power industry. Also, he has been the chairman of BOI (Nigerian Bank of Industry) for over 6 years ago when he was appointed. Oba Otudeko; Oba Otudeko is the last on our list of richest men in Nigeria, he engages in various businesses –including Fan Milk Nigeria PLC, Airtel Nigeria, and Honeywell Group of Companies. 5. Otedola is also the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate, and finance. Oba of Lagos Rilwan Akiolu Cars. This act earned him recognition in politics. He is an accountant, investor, businessman and Chairman of Honeywell Group. He had his education at Ahmadu Bello University in Zaria where he studied History before joining the Nigerian Army in 1960. He was a former governor of Abia state and has various investments in the marine sector, oil and gas industry and media sector. #NSEEGM Some of Nigeria's corporate titans @FirstBankngr #ObaOtudeko and Alhaji #Abdulmutallab at today's @NSEcontact special meetings @FrontierAFR pic.twitter.com/mFdMmuR8ph, — Boason Omofaye (@BBoason) March 3, 2020. Net worth: $1.5 billion Author: intern Source: Tell your friends Billionaire Debtor, Oba Otudeko Appears In Court Shielded By Personal Guards One of Nigeria's richest men, Oba Otudeko who is chairman of Honeywell Group … Its no news that Folorunsho Alakija spent more than N2 billion for her son’s wedding which took place in England. Oba Otudeko: The owner of Honeywell group is worth 650million dollars. Oba Otudeko – Biography And Net Worth Of Oba Otudeko. https://www.webbspy.com/top-10-richest-men-in-nigeria-in-2020 Nigerian Infopedia is Nigeria's authoritative top quality information website that provides resourceful information about her culture, people and things associated with Nigerians. On the profile of the founder of Nairametrics this week, we bring you Obafunke Otudeko’s life achievements and how he reached such heights. As a philanthropist, he has helped and imparted in the lives of many Africans through his foundation, the Tony Elumelu Foundation. Website. Abdusalam Rabiu is one of the richest men in the country. Richest Doctor in Nigeria in 2020 & Net Worth (Forbes) Top 10 Richest Musicians in Nigeria 2020 & Net Worth (Forbes) 10 Richest Actors in Nigeria & Their Net Worth; Orji Uzor Kalu is the founder of Slok Holding, a West African conglomerate with interests in shipping, banking, oil trading, manufacturing and the media. Toke Makinwa criticizes Reno’s comments on Twitter, Rahama Sadau apologise in tears over her photos, Meet the Nigerian Calligraphy Artist, A2 Abdul, Video: Nollywood actress, Chacha, have ended her 7 year marriage, Popular Singer Rema calls out PDP for the Death of his Father, Niniola set to Release Colours and Sounds in October, her Latest Album, ‘CARPE DIEM’ Olamide’s New Albulm to drop on October 8, Davido Confirms Nicki Minaj on his upcoming Album, “A Better Time”. He was born on August 8,1943. Oba Otudeko is the founder and chairman of Honeywell Group. He completes our list of top 20 richest men in Nigeria this 2020. Oba of Lagos Rilwan Akiolu owns series of luxury cars. As of June 2017, his estimated net worth was US$550 million He’s a Big Player in the Real Estate Sector with Numerous Assets to show for it. He was later suspended by the school authorities due to his participation in the said riot. Eddy Martins Egwuenu Net Worth on the NSE: $54.2 million Source: Zenith Bank Read the fulll report here We'll assume you're ok with this, but you can opt-out if you wish. The chairman of FBNHoldings Plc, Oba Otudeko, has continued to prove his worth as a master strategist who understands the business terrain.. Ecobank Nigeria Limited filed a bankruptcy lawsuit requesting the recovery of the alleged 4.1 billion Dutch guilders debt from Dr. Oba Otudeko, Chairman of Honeywell Group. So there you have it. ... Vanguard Newspaper 6th September 2020 Click to view profile . The richest man in Nigeria as of March 2011 is Aliko Dangote. His net worth in 2014 was $550 million according to Forbes. Is a local oil and gas sales company. The case is still in court. Born into a rich family, the story on how Dangote became a billionaire started after he established his first company in 1977. He is also one of the top 20 richest people in Nigeria. Oba Otudeko is married to Adebisi Aderonke Otudeko. In the real sense, he is actually an “oba” because he was born to a royal family. Tony Elumelu is an icon in the banking industry. Abdusalam Rabiu is currently the chairman of the Nigerian Bank of Industry and he is said to have an estimated financial worth of $3.1 billion according to Forbes 2020. He was also on the Board of the NEPAD Business Group – Nigeria. They are blessed with three children; Moyo Otudeko, Folake Otudeko and Obafemi Ademola Otudeko. He is also the chairman of FBN Holding Plc, the founder of the Oba Otudeko foundation and also a recipient of the prestigious National Honour of Commander of the Order of the Federal Republic (CFR). It was this firm that sprang up into the Dangote Group and has dominated the business scene for years, especially the sugar and cement industry in the country. Oba Otudeko has been in the banking profession for 23 years, subsequently occupying the offices of the General Manager and acting Chief Executive Officer of the then Cooperative Bank, and retiring in 1983. 16. 14. 17. Among them, Dr. Oba Otudeko’s name rang particularly. At the start of 2020, ... Obama’s net worth is $40 million according to a 2018 estimate. ... ranking at 33 with a net worth of $575 million as of November 2013. HOGL Energy Limited belongs to the oil and gas field and was established in 1995. Maryam Sanda death sentence upheld by the court, Hikayata competition: winner will be announced today, Dr. Hakeem Baba Ahmed: why Northern elders wants Buhari to step down, End Sars Protests: Rinu Oduala account has been frozen, Abdulrasheed Maina arrested in Niger Rep. on Monday, Burna Boy Trending As a Lady Accused Him Cheating. Oba Otudeko CFR is a Nigerian businessman who serves as the founder and chairman of the Honeywell Group. Otudeko is currently ranked as one of the richest people in Nigeria because of his several businesses. Saudi Arabia condemns the cartoons of Prophet Muhammad (PBUH). Oba Otudeko. Top 10 Richest Entrepreneurs And Business Owners In Nigeria His success story in the business world began in 1980 when he took charge of his family’s printing business before he moved to invest in the oil and gas industry. First time I heard about Otudeko was when he acquired 4 percent shares in Airtel sometime in 2012. Amongst the car collection of Oba Akiolu are Rolls Royce Phantom, Mercedes Benz S550, Toyota Prado and so on He is the founder and chairman of Honeywell Group and FBN Holdings Plc. Image: instagram.com, @jimoviafoundation Source: Getty Images. Jim Ovia - $1 billion Oba of Lagos Rilwan Akiolu Net Worth is $40 million. Rise to Prominence. Billionaires ... 2014 Africa's 50 Richest NET WORTH. With the drop in his net worth for 2020, it would take a very long time before such a thing ever happens. Allegedly, these companies failed to liquidate the loan, so he had to repay the debt. Recently, he led directors of FBN Holdings, First Bank of Nigeria Limited and FBNBank Ghana Limited, on a courtesy call to the President of the Republic of Ghana, Nana Addo Dankwa-Akufo-Addo, in Accra.. Oba Otudeko (Ayoola Obafoluke Otudeko) is an accomplished entrepreneur, investor and philanthropist who has contributed immensely to Nigeria’s economy. He is among the richest men in Africa. Today, Orji Uzor Kalu companies has expanded to the shores of abroad. One of such political events was the coup that happened in December 1966. Feb 8, 2018 – Drama As Oba Otudeko Runs Out Of Court To Prevent Journalists From Covering Him By Joseph Jibueze, The Nation. Bola Shagaya. Twitter. Instagram. After returning to Nigeria, Otudeko worked as a bank clerk in a cooperative bank that went out of business in Ibadan. 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Meanwhile, the bank asks for “a receiving order against the estate, funds, investment, shares or other interests of the debtor, principally in Siloam Global Services Limited and in Honeywell Group Limited; Honeywell Flour Mills Plc; Anchorage Leisures Limited; Honeywell Oil and Gas Limited; Uraja Real Estate Limited; Broadview Engineering Limited; Uraja Power Solutions Limited; Honeywell Energy Resources Limited; Hudson Power Limited; Pivot Engineering Limited and Pavillion Technology Limited, which interest is held either directly or through the said Siloam Global Services Limited and/or in any other company within and outside Nigeria.”, It also asked for leave to appropriate or utilize the “investments, shares, or other interests of the debtor (Otudeko) in all the companies listed above and in any other company/corporate entity in Nigeria or outside Nigeria in partial or full satisfaction of the debt due.”, In its prayer, Ecobank hopes that the court will order Otudeko to immediately use its “transaction statement, net asset statement, and other necessities, reliable financial details that help promote the Bankruptcy Law.”. Who is Destiny Etiko and Why is She Trending? Oba Otudeko was Chairman of the Nigerian-South African Chamber of Commerce (NSACC) and aimed to facilitate investment flows into Nigeria. Abdulsamad Rabiu -1.5 billion USD. 10. She started as an ordinary fashion designer before she invested heavily in the oil industry, now, Folorunso Alakija is financially worth $1 billion which makes her the wealthiest African woman in 2020 and third in Nigeria. She had her secondary education at … He also serves as chair of FBN Holdings and founder of the Oba Otudeko Foundation. You have entered an incorrect email address! Honeywell operates business across oil and gas, flour milling, real estate and marine transportation. Save my name, email, and website in this browser for the next time I comment. Education. Click to view profile. Oba Otudeko is married to Mrs Adebisi Aderonke Otudeko. In order to improve his business skills, he took several courses from several international institutions, including the International School of Management Development in Switzerland, Harvard Business School in Boston, the Holt International Business School in the United States, and Arthur D. Leigh Tell School of Management. His current net Worth is estimated at $550 million. Meanwhile, Oba Otudeko serves as … Chizoba is a seasoned Information blogger, content developer and the founder of Nigerian Infopedia. His ability to make Zenith Bank one of Nigeria’s top commercial banks makes his story worth reading. Oba Otudeko is a businessman who serves as the founder and chairman of the Honeywell Group. His educational background in family science and journalism has given him a broad base from which to approach many topics. Net Worth on the NSE: $63.3 million. RealUraga RealEstate Limited provides funds in the real estate sector while managing and developing properties and facilities nationwide. Home / Other. Orji Uzor is another Nigerian billionaire who is active in politics. Arthur Eze is a Nigerian businessman, politician, and philanthropist. ... his stake is worth N10.2 billion ($67 million) Oba Otudeko . MCM Oba Otudeko CFR is a Nigerian businessman who serves as the founder and chairman of the Honeywell Group. Oba Otudeko – Biography And Net Worth Of Oba Otudeko by Olajide TV Admin Sunday, February 23, 2020 Oba Otudeko (Ayoola Obafoluke Otudeko) is an accomplished entrepreneur, investor and philanthropist who has contributed immensely to Nigeria’s economy. Anchorage Leisure Co., Ltd. invests in the tourism and hospitality industry and operates the five-star Radisson Anchorage Hotel on Victoria Island. Aliko Dangote. One of such is the Rose of Sharon foundation, an NGO that supports widows and orphans by empowering them using business grants and via scholarship to various universities in the country and beyond. Oba Otudeko net worth is about 650 million US dollars. Oba Otudeko is 77 years old. 12. One thing for sure is that the richest man in Africa and Nigeria still retained his spot in the list of Nigerian billionaires. He was born Ayoola Otudeko and he trained as an accountant at the Leeds College of Commerce in the United Kingdom which is now the Leeds Beckett University. His palace is estimated to worth $5million. He is a wealthy Yoruba business man born on 29th December, 1953. He serves … Aliko Dangote is the richest black man on earth. Achenyo Idachaba. He founded Oriental Energy in 1990 and the company deals on Energy. Nigeria’s manufacturing sector has some of the most influential and wealthiest people in the country. Oba Otudeko is similar to these people: Femi Otedola, Adekunle Ayeni, Oluseun Onigbinde and more. Click to view profile. Net worth: $550 million. He retired from active military service in 1979 to focus on his businesses. 5. Oba Otudeko; These are the list of the top 10 richest men in Nigeria, let me list their net worth and source of income. Oba Otudeko is married to Mrs Adebisi Aderonke Otudeko. Oba Otudeko Net Worth. Entrepreneurial Journey of Oba Otudeko. He is married to Adebisi Aderonke Otudeko, a princess from a ruling house in Ijebu-Ode, Ogun State. Mohammed Indimi is also among Forbes richest Nigerian billionaires entrepreneurs with an estimated worth of $400 million. Oba Otudeko is one of the billionaires in Yoruba land. He is blessed with three daughters, two of which are celebrities in the entertainment industry, DJ Cuppy and Elizabeth Temi, a renowned blogger. Dr. Oba Otudeko made it again to the top richest men in Nigeria . Jim Ovia has become an inspiration and mentor to many youth who aspire to become successful entrepreneurs in future. Who is Oba Otudeko, what made him a billionaire in Nigeria and what is his net worth? https://nairametrics.com/2018/07/04/children-of-billionaires-on-stock-exchange His net worth in 2014 was $550 million according to Forbes. Belo Osagie has interest in oil, telecommunications and the financial industry. He voluntarily retired from the bank in 1983 and was appointed to the board of directors of the Central Bank of Nigeria. The majority of Oba Otudeko investments stretches from the oil and gas industry, marine industry, financial services and he has interests in real estate. He is in his 80’s but still heads the Mondola Group, another conglomerate worth millions of dollars and has interests in various sectors. Before venturing into business, he was a surgeon. He hails from Agbor in Delta state. Igho is the Executive Director of Cosmos oil AG. Oba Otudeko has interests in telecoms, oil and gas, real estate, food processing and real estate, flour milling and even hospitality. Folorunsho Alakija – Net Worth $1 billion. Oba Otudeko is estimated to worth over $900million. Oba Otudeko Net Worth on the NSE: $63.3 million Source: Honeywell Flour Mills, First Bank 5. Identities Podcasts People Ai. This wealthy business man was born in Kano in 1960 and his father, Khalifah Isyaku Rabiu was also a rich industrialist during the first republic. He is also among the list of Nigerian billionaires with investments in several parts of the world. He has also held prominent positions including the President of the Nigerian Stock Exchange (2006) and Director for the Central Bank of Nigeria. As of June 2017, his estimated net worth was US$550 million He’s a Big Player in the Real Estate Sector with Numerous Assets to show for it. Oba Otudeko. Igho Sanomi. People Similar to Oba Otudeko. His net worth is estimated at a whopping $650million. He hails from Agbamu in kwara State. The first African American to assume the presidency, he previously served as a United States Senator, representing Illinois from 2005 to 2008. MCM Oba Otudeko CFR is a Nigerian businessman who serves as the founder and chairman of the Honeywell Group. Abdusalam formed the BUA Group in 1988 and since then, the group has expanded its interest in various sectors of the economy. He is an astute investor whose investment cuts across different sectors of the economy. He is the chairman of SLOK Holding and the Publisher, Daily Sun and the New Telegraph newspapers. As of 2020, Otunba Michael Ishola Adenuga has an estimated net worth of $8.7 billion (₦3.1 trillion), which earns him the 2nd on this list. It is said that the conglomerate is now worth $2.5 billion. The foundation established an Auditorium for Pan Atlantic University, Administrative Block to All Saints’ College, Edun Village, Ibadan, Footprints Occupational Training Centre, and the Endowment of the Centre of Entrepreneurial Studies of the Olabisi Onabanjo University, Ago Iwoye, Ogun State among others. Facebook. All Rights Reserved. $550M . One of his companies, Globacom is rated the best and second largest telecom operator in the country being the largest data provider in Nigeria with the highest data base in the continent. He is the founder of the Honeywell Group. The Best Credit Cards Of 2020. However, according to the latest discovery, Mike Adenuga is presently worth about $9.1 billion. Femi Otedola is also among the list of Nigerian billionaires in the country. Oba Otudeko. Benedict Peters. 5. But opting out of some of these cookies may have an effect on your browsing experience. GLO has branches in other African countries like Ghana, Benin and Cote D’ Ivoire. He claimed that the lawsuit was an abuse of court procedures, and believed that the lawsuit seriously violated Article 7(1)(a) of Chapter B2 of the 2010 Nigeria Federal Law Bankruptcy (Procedure) Rules. He owns the Honeywell Group and is the current chairman of FBN Holding Plc. He also founded the Oba Otudeko Foundation, which specializes in charity and philanthropy. Disclamer: Oba Otudeko net worth displayed here are calculated based on a combination social factors. Please only use it for a guidance and Oba Otudeko's actual income may … This category only includes cookies that ensures basic functionalities and security features of the website. As of June 2017, his estimated net worth was US$550 million. Earlier in March 2020, Forbes magazine reported Adenuga to have a net worth of about $7.7 Billion, making him the second-richest man in Africa. Aside her wealth, She engages in philanthropic activities. One of such positions include being the chairman of the United Bank of Africa from 1998 to 2004. He is happily married to his wife Adebisi Aderonke Otudeko. Folorunsho Alakija is the richest woman in Nigeria and also among the richest black women in the world. In the military, Danjuma is an icon who was involved in many coups in Nigeria’s history which led to his rise in ranks from a second lieutenant to being a General. Ayoola Obafunke Otudeko was born into the royal family on August 18, 1943, in Odogbolu, Ogun State. ... Coming a short while after the business mogul increased his net worth by almost $5 billion, the scandal of course attracted a lot of criticisms. Share. Hajia Bola Muinat Shagaya. With a net-worth of $8 billion US Dollars in 2020, Aliko Dangote is still the richest … Pavilion Technology Limited provides security services for individuals and customers in public and private spaces, from electronic security systems to manned security, escort services, and security consulting. Theophilus Danjuma is a Nigerian billionaire philanthropist, and a retired army general whose net worth is estimated at $980 million according to Wikipedia. You also have the option to opt-out of these cookies. Net worth: $1.1 billion. He bagged a Bachelor’s degree at the Northwestern Oklahoma State University and did his masters in Pace University, New York. Oba Otudeko salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Oba Otudeko based on real numbers. His net worth is $13.8 billion ( if you hear of dangote salt,etc he owns the company) The 2nd richest man in Nigeria is Mike Adenuga of Globacom. It is mandatory to procure user consent prior to running these cookies on your website. Oba Otudeko CFR is a Nigerian businessman who serves as the founder and chairman of the Honeywell Group. Explore. Oba Otudeko was born on the 18th of August, 1943 in Ibadan, Oyo State, South-West Nigeria. Oba Otudeko. 10. There was mild drama at the Federal High Court in Lagos Thursday as chairman of Honeywell Group Dr Oba Otudeko escaped arrest by responding to summons to testify in his companies’ N5.5billion debt suit against Ecobank Nigeria Limited. Net worth: $950 million (source: Nigerianguide, March 2020) Hajia Bola Shagaya was born on the 10th of October 1959 in Kwara State. Meet Oba Otudeko, a Billionaire entrepreneur, We are in the process of building 10 more airports - Hadi Sirika, TCN considers connecting Chad Republic to Nigeria's national power grid, The 2021 Budget Proposal Contravenes The Fiscal Responsibility Act says Atiku, Okonjo-Iweala and Korean Yoo now remains in the race to lead the WTO, Chevron Nigeria to cut 25 percent of its workforce, Google will invest a billion dollars in partnerships with news publishers around the world. Over the years, the foundation has organized empowerment programs, as well as capacity building and institution building. His net worth in 2014 was $550 million according to Forbes. Aside these, his company bought Nigerian Oil Mills and also bought majority of the shares at the Cement Company of Northern Nigeria. Oba Otedeko is chairman of Honeywell Group, a diversified industrial, trading and investment conglomerate. Today, Bryant Orjiako is among the richest Nigerian billionaires who has investments in oil and gas, real estate, construction and even the agricultuarl sector. As one of the Yoruba billionaire business men in the country, his oil company, Con oil was licensed in 1990 and is the first indigenous company to extract oil in commercial quantities in the country. Arthur Eze is the chairman and founder of Atlas Oranto Petroleum, a company he founded in 1991. This billionaire is ranked by Forbes as the richest man in Africa and Nigeria with a net worth estimated at $10.1 billion this 2020. Click to view profile. These cookies do not store any personal information. Cletus Ibeto is a wealthy Nigerian business man who heads the Ibeto Group. During his tenure as the NSACC Chairman, the volume of Nigeria-South Africa bilateral trade grew significantly from $16.5 million in 1999 to $2.9 billion in 2010. This company has presence and assets in various African countries like Liberia, Guinea and the Gambia. Currently, he is an entrepreneur. Samuel Adedoyin. Before establishing the SLOK Group of companies which is one of the largest conglomerates in Nigeria, he was a palm oil seller and was also involved in selling furniture. His net worth in 2014 was $550 million according to Forbes. 3) Abdul Samad Rabiu ($3.1 billion) ... Oba Otudeko is one of the wealthiest men in Nigeria presently. Otudeko chairs the Board of Trustees of Honeywell Flour Mill Plc and FBN Holdings Plc and is a member of the board of Lagos Sheraton Hotel. 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With his many businesses and his shares in these companies, Otudeko is currently among the richest in Nigeria. Oba Otudeko net worth is about 650 million US dollars. Otudeko is the founder of Honey well group of company. Origin of wealth: Oil and gas, flour milling, real estate, and marine transportation. Bode Akindele was formerly among the top 10 richest men in the country. He owns nearly 85% of publicly-traded Dangote Cement through a holding company, and his cement produces 45.6 million metric tons annually with operations in 10 countries across Africa. Oba Otudeko . 15. Age: 75. He is the Chairman of Honeywell group and FBN holdings. 22. His current net worth is estimated at $650 million. ORJI UZOR KALU . Her various investments ranges from oil, real estate, printing, banking and finance, etc. Oba Otudeko With an estimated net worth of $650 million,Oba Otudeko is the founder and chairman of Honeywell Group,he is also the chairman of FBN Holdings Plc and one of the richest yoruba men in Nigeria. This article will blow your mind to find out the excess money involved. He also serves as chair of FBN Holdings and founder of the Oba Otudeko Foundation. This business tycoon was the son of the former Governor of Lagos state, Michael Otedola. He is an angel investor and a retired professional banker. According to Forbes, the Obamas earned $20.5 million between 2005 and 2016. Also in 2005, after the acquisition of the United Bank for Africa (UBA), Sir Tony transformed the financial institution from a Nigerian bank to a pan-African financial institution that has its presence in almost 20 African countries. He was able to stop the coup of 1976 foiled by Buka Suka Dimka. He is a Fellow, Institute of Chartered and Corporate Accountants, UK, Chartered Institute of Bankers, UK, and Institute of Chartered Secretaries and Administrators, UK.
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