Tag: Femi Otedola

Court Seizes Zenon Petroleum’s Headquarters Over N7.2 Bn Debt

DAMILOLA OLONADE

    Under the ruling, Zenon’s management, led by Mr. Femi Otedola, is barred from selling, transferring, or dealing in the property until the debt is fully settled.   The Court of Appeal in Lagos has ordered the seizure of Zenon Petroleum & Gas Limited’s Victoria Island headquarters over an unpaid judgment debt of N7.2 billion. In a ruling delivered on June 26, 2025, the appellate court directed the attachment of the company’s asset, Victoria Island Towers, following a prolonged legal battle between the Asset Management Corporation of Nigeria (AMCON)…

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‘High School Dropout To Billionaire,’ Otedola Reveals Success Without Varsity Degree

DAMILOLA OLONADE

  ‘Academia and I were not Compatible,” oil mogul bares it all on how he sat in class with Kola Abiola, repeated a class and consistently ranked at the bottom of his class + message for parents whose children are slow learners     Billionaire Femi Otedola has revealed his journey to building a multi-billion-dollar empire began without a university degree or even a completed high school education. Platforms Africa reports that the 62 year-old oil mogul, in his newly released memoir titled ‘Making It Big’, shares how his academic…

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Billionaire Otedola’s Daughter, DJ Cuppy, Laments Being Single At 33

ADEOLA YUSUF

“Making it big… but … no husband”   Florence Otedola, popularly known as DJ Cuppy, has lamented being single at 33, despite her achievements in her career and academics. DJ Cuppy, a popular disc jockey and the daughter of Nigerian billionaire Femi Otedola, took to her social media platforms to express her inability to find a husband at 33, despite her career and academic accomplishments. According to her, all the suitors who are interested in her and have approached her had spelling problems. ‘He Carried Alcohol At Point Of Boarding,’…

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How Femi Otedola Emerged Chairman First Bank

ADEOLA YUSUF

Billionaire businessman and chairman of Geregu Power Plc, Mr Femi Otedola, has emerged as the chairperson of the board of FBN Holdings Plc, whose flagship arm is First Bank. Otedola was passed the baton at a meeting of the Board of Directors of the Group in Lagos on Wednesday. He succeeded Ahmad Abdullahi, a seasoned economist who was appointed chair of the Holdco on 17 December 2021. Otedola became a non-executive director of FBN Holdings on 14 August 2023, months after he acquired a substantial stake in First Bank. The…

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Naira Rain; Otedola Gifts All 750 Students of Augustine Varsity N1m Each

ADEOLA YUSUF

    Nigerian billionaire, Femi Otedola, has donated a sum of N1 million to each of the 750 students of Augustine University. The newly inaugurated Chancellor of Augustine University announced the scholarship donation to each student enrolled in the institution for the 2023/2024 academic session, including new and returning students. READ ALSO: 1590/1600: How I Did It, Nigerian Student Who Broke SAT Record Speaks Fry Pan to Fire, EFCC Detains Emefiele After DSS Frees ex-CBN Gov I’d Have Committed Suicide – Femi Otedola Elumelu Is A Betrayer Otedola Declares As…

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Femi Otedola Gifts DJ Cuppy House Worth N2.6bn On Birthday

ADEOLA YUSUF

Nigerian billionaire businessman, Femi Otedola has left his daughter, Florence who is popularly known as DJ Cuppy speechless as he gifted her a country house… Nigerian billionaire businessman, Femi Otedola has left his daughter, Florence who is popularly known as DJ Cuppy speechless as he gifted her a country house worth £5,000,000(N2.6bn). The popular disc jockey turned 30 on Friday. She revealed the gift she got from her dad as she shared a screenshot of a conversation she had with the business mogul. In their chat, Cuppy accused her father…

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AFCON: $50,000 for 1 goal, Billionaires Rain Dollars on Super Eagles

ADEOLA YUSUF

$250,000 from Otedola, $50,000 from Onyeama, lift Cup, smile to the Bank, CBN Governor tells Eagles at Camp in Cameroon   Super Eagles players will get $50,000 for one goal scored during the knockout stage. This is asides the $80,000 they have already earned for the goals they scored in their last three matches in the group stage at the ongoing Africa Cup of Nations in Cameroon. Platforms Africa reports that Governor of the Central Bank of Nigeria, Godwin Emefiele, broke the news to the players on Wednesday at the…

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