He is also Chairman of Honeywell Flour Mills Plc and Group Chairman, FBN Holdings Plc, the parent company of First Bank of Nigeria Limited. To eliminate bumps from the process, Cowrywise introduced the automated savings option that allows people to use a saving schedule and invest as easily as they spend. Oba Otudeko, a former banker and renowned boardroom guru, owns a 15.4% stake in Honeywell Flour Mills, an NSE-listed entity which is part of the largely private Honeywell Group-a … In September 2006, Oba Otudeko was elected as President (the 16th) of the Nigeria Stock Exchange, and during his regime; he set out to salvage the issues faced by the Nigerian capital market. Back to Ogbomoso, the Ahmeds moved into the house of an extended family located at Isale, not far from Ladoke Akintola University of Technology (LAUTECH). He is a Fellow, Institute of Chartered and Corporate Accountants, UK, Chartered Institute of Bankers, UK, and Institute of Chartered Secretaries and Administrators, UK. A Nigerian business mogul, Oba Otudeko, has emerged the Africa Chief Executive of the Year (2016). You may contact her via [email protected]. Uraga Real Estate Limited is in the real estate sector, providing funding, whilst managing and developing properties and facilities across the country. Oba Akiolu, Kolade, Otudeko others make case for elderly in Nigeria. It was reported that some of the creditors had been hit so hard by the huge debts, that they had to shut down some of their operations. He is a seasoned corporate governance guru, having served on boards like the Central Bank of Nigeria (CBN), Guinness Nigeria Plc, British American Tobacco Ltd, and Ecobank Transnational Incorporated, headquartered in Lome, Togo, NEPAD Business Group of Nigeria, Delmar Overseas Ltd and Khali & Dibbo Ltd. He has also held directorship positions in private companies operating in real estate, international trade and finance, and brewing companies including Guinness Nigeria and Ecobank Transnational Inc. Don’t forget to read about: Biography of Jim Oviah. He also sold drinks and lace materials at one time, doing whatever business he could to raise money. First Bank of Nigeria Plc, the country’s largest lender by market value, wants to buy at least one of the banks bailed out by the West African nation last year, Chairman Oba Otudeko said. This was my first job out of college and barely 3 months in,” he said. Some of them stayed on to work with Paga when we could afford to pay them at market rates,” he recalled. He explained that his years as an investment banker had shown him the larger market in the informal and alternative asset space which, though profitable, was not exposed to investors. Anchorage Leisures Limited makes its investments in the tourism and hospitality sector, and runs the 5 star Radisson Blu Anchorage Hotel in Victoria Island. HURRY!!! Bishop David Oyedepo on Saturday March 26th added another jet to his hanger, for a whooping $30m. I had tested this thing numerous times in the lab; I was confident it was going to work. Your email address will not be published. The job offer came before the National Youth Service year, so Razaq served out the year at Meristem Securities as a Research Analyst. The following year, he selected Obafemi Awolowo University and was admitted to study Economics. “When I look at my journey so far, I realize that we are here sitting on the back of 34 people and 6 institutions who took a bet on us on. “A lot of companies need to be formalized, so they become investable and provide liquidity option for investors. Oba Otudeko is a Nigerian entrepreneur. Everyone who helped us in the early days got paid below the market rate. This break affected his CFA programme which he had started at the time, delaying his completion till 2012. Among them, the name of Dr. Oba Otudeko rings a special bell. Doctor of Science Degree (D.Sc.) 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). Dr Otudeko began his journey to riches when he worked as a clerk in Co-operative Bank in Ibadan. Such innovation was not common at the time, as Nigeria was still very far from toeing the lines of a cashless economy. He got his first degree in Business Administration from North Western Oklahoma State University and his MBA from Pace University, New York. READ: FRC orders banks not to lend money to states without approval. look Joker! He has at intervals been the Chairman of Airtel Nigeria Limited and Fan Milk of Nigeria Plc. The company started operations in 1998. Thus bringing the number of his private jets to four. Entrepreneur of the Year Award at the This Day Awards in 2009, Ernst & Young Lifetime Achievement Award,  Leadership Newspaper Business Person of the Year 2015, Silverbird Extraordinary Lifetime Achievement Award, and recently, the 2016 Africa CEO Forum’s Africa CEO of the Year Award. He also attended executive management training programs at the International Institute for Management Development (IMD), Lausanne in Switzerland, Harvard Business School, Boston, USA and then moving on to Arthur D. Little School of Management, USA. Home » News » Gov Ugwuanyi, Igwe Achebe,Oba Otudeko for LIMCAF gala night Gov Ugwuanyi, Igwe Achebe,Oba Otudeko for LIMCAF gala night On August 28, 2016 10:29 pm In News , The Arts by vanguard Meristem Securities was introduced into the arrangement as a check, to ensure that the savings are actually going into risk-free instruments. An indigene of Ogun State from Odogbolu, Dr. Oba Otudeko, who has contributed immensely to the growth and development of the state, was honoured amongst five other distinguished icons of the state. “Traditionally, everyone attended primary education, and then secondary school, but up to 90 percent of the students combined schooling with some form of other works like manual works or learning a craft,” he explained. Tayo Oviosu has now become an angel investor in other startups. This article features the most current list of the richest people in Nigeria, their assets and respective networths in 2020. The telecom company is considered a major competitor to the giant MTN group, and is still prospecting licenses in other West African countries. He is the Managing … For the first time in his life, Rasaq started seeing undergraduate students and admission seekers, who talked about lectures, examinations, and careers after school. The Holdings Company along with its subsidiary companies; First Bank of Nigeria Ltd, FBN Quest Merchant Bank and FBN Quest Capital won various awards at the prestigious event. As Yoruba residents in a Hausa community, Razaq’s family became victims of targeted attacks. Learn how your comment data is processed. In 2013, he was also appointed the chairman of the Digital Africa Conference Exhibition in Abuja, Nigeria. READ ALSO: Nigerian banks have written off N1.9 trillion impaired loans in past 4 years. After his MBA, he worked as Manager Corporate Development with Cisco Systems in San Jose California, where he was responsible for strategy, acquisitions, and private equity investments in a few segments and led Cisco’s investment expansion in Africa with investment opportunities. We have high vision CCTV cameras monitoring the outside area of the hall and also the car park. By the end of the 90s, as the nation returned to the democratic dispensation, Adenuga saw another potential in the telecommunication industry and acquired a conditional GSM license from the Federal Government in 1999. This is more so, as Cowrywise gains even more popularity among the emerging generation who have realized that the benefits of subscribing to classic investment schemes might be much more than that of leaving funds idle in the bank – savings. Oba Otudeko was born on the 18th of August, 1943 in Ibadan, Oyo State to the royal family of late Adewunmi Olufuyi Otudeko and Juliana Foworera Otudeko. He has received several recognitions including the African Entrepreneur of The Year at ATA in August 2007, Grand Commander Of The Order of Niger (GCON) in 2012, Companion of the Star of Ghana (CSG) in 2018, and was listed among the 100 distinguished and Eminent Nigerians Centenary Awards in 2018, amongst others. While working at the SPDC, he also took a professional course to become an Energy Risk Professional (ERP). READ: Contracts less than N5 billion will no longer be awarded to foreign firms – FG. It was reported in the news that his company Conoil had failed to pay debts owed to multiple creditors including the French oil giant, Total. The empires of the future are actually the empires of the mind – Oba Otudeko. Not many people were particular about tertiary education and becoming an artisan was seen as a norm for the children. Call 09038456231. googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. READ: Bitfxt raises N5.45 billion from UK firm. He was appointed him a Director to the Board of the Central Bank of Nigeria by the federal government. Low Fees | No JAMB UTME. Home » News » Oba Akiolu, Kolade, Otudeko others make case for elderly in Nigeria. "Oba's" passion for giving back to society, both public and private sectors, is well-known; his hunger to promote the educati on of a younger generation (particularly Gen-Zers) saw him serve as chancellor of the Olabisi Onabanjo University, Ago-Iwoye, Ogun State from 2001 to 2010 and he currently serves as a member of the Office of Distinguished Friends of the London Business School, UK. This marked his introduction into Investment banking, as he was saddled with responsibilities which helped him build capacity. Over the years, Aliko Dangote has established himself as Nigeria’s richest man, the richest in Africa and the richest black person in the world. Arthur Eze is one of the wealthiest men in Africa. As a secondary school student at the Army Day secondary school, he would close from school with the rest of his friends, change into casual wears, and resume at the workshop for another kind of learning. He has also held directorship positions in private companies operating in real estate, international tr… Already in SS2 at the age of 14, Razaq was well on his way to becoming a ‘generator man’ as they were called in the community. 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. In 2003, Oba Otudeko established a non- governmental organisation called Oba Otudeko Foundation (OOF) as an official vehicle to carry out his philanthropic acts. He is a native of … Oba Otudeko is an astute and highly visionary investor- cum-entrepreneur whose domestic and foreign interests cut across diverse economic sectors.. Professionally he is a. HOGL Energy Limited is in the oil and gas sector, and was incorporated in 1995. Both are FCAs. 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 on Wednesday, appeared in … Honorary Doctor of Science in Banking and Finance from Crescent University, Abeokuta, Ogun State. I cried right there. 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). READ: Paga acquires Ethiopian-based startup, Apposit, announces other subsidiaries. Having worked for over a decade, Tayo had saved up some money and had the support of friends, which became instrumental in launching Paga. It was a journey where he first had to show investors how feasible the business idea was before letting them in. Even though there was a tertiary institution – Bayero University – in Kano, it was quite a distance from the town where they lived, so the young children hardly came in contact with people in the academic community. The Oba of Benin, His Royal Majesty, Omo N’Oba N’Edo, Uku Akpolokpolo, Ewuare II and his entourage arrived at the Margaret Ekpo International Airport at about 6:45PM in his private jet. Background and Family Oba Otudeko … In 2018, he was decorated with the insignia of a Commander of the Legion of Honor by President Emmanuel Macron of France. They relocated to their hometown in Ogbomoso to start life from the scratch. He had a short break from investment banking in December 2010, when he resumed with Shell Petroleum Development Company as Business Economist. Over the years, the foundation has organised empowerment programmes, as well as capacity building, and building of institutions. 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