AFRICANS WHO DID WHAT AND HOW (PART 1) - Diversity Media || Your 1st Choice

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AFRICANS WHO DID WHAT AND HOW (PART 1)

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There are so many African celebrities who are making waves in businesses all around the world that you have probably never heard of, and some you might have seen them but don't know what they do or how they rose from nothing to what they are today. Meet these philanthropies and add your list in the comment bellow.


Oba Otudeko, CFR is a Nigerian entrepreneur. He is the founder and chairman of Honeywell Group, and is also the chairman of FBN Holdings Plc] The conglomerate's operations stretch across oil and gas, flour milling, real estate and marine transportation. Another piece of his fortune is in the oceanfront Radisson Blu in Lagos, Nigeria He is also the founder of Oba Otudeko Foundation. He was awarded the Nigerian National Honour of Commander of the Order of the Federal Republic (CFR) in 2011. This was after being awarded Officer of the Order of the Federal Republic (OFR) in November 2002 and Member of the Order of the Federal Republic (MFR) in December 2000

Education and professional qualification

Ayoola Oba Otudeko was born in Ibadan, Oyo State, South-West Nigeria on 18 August 1943 to a royal family, thus making him an Omoba of the Yoruba people. Oba Otudeko studied Accountancy at the Leeds College of Commerce Leeds, Yorkshire, United Kingdom (which is now part of the Leeds Beckett University). Professionally, Oba Otudeko is a Chartered Banker, Chartered Accountant and a Chartered Corporate Secretary.
Oba Otudeko has also attended executive management training programmes at International Institute for Management Development (IMD), Lausanne, Switzerland; Harvard Business School, Boston, U.S.A; and then Arthur D. Little School of Management, U.S.A.

Banking career

Oba Otudeko was in bank employment for 23 years, rising to become the General Manager and acting Chief Executive Officer of then Cooperative Bank,Ibadan from where he retired in 1983. The Federal government of Nigeria appointed him a Director to the Board of the Central Bank of Nigeria.[

Achievements and awards

Oba Otudeko was elected the 16th President of the Nigerian Stock Exchange in September 2006, and tried to transform the Nigerian capital market.In addition to the Honeywell Group, Oba Otudeko is also Chairman of FBN Holdings Plc and has, at various points, been Chairman Airtel Nigeria Limited and Fan Milk of Nigeria Plc. He was on the Board of First Bank of Nigeria Plc for 12 years, retiring as the Chairman in 2010] He has also held directorship positions in private companies operating in real estate, international trade and finance, and brewing, including Guinness Nigeria and Ecobank Transnational Inc.
Oba Otudeko was Chairman of the Nigerian-South African Chamber of Commerce (NSACC) and aimed to facilitate investment flows into Nigeria. 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. He was also on the Board of the NEPAD Business Group – Nigeria.
He was Chairman of the Business Support Group (BSG) for delivery of the National Integrated Infrastructure Master Plan (NIIMP). In 2013, he was also appointed the chairman of the Digital Africa Conference Exhibition in Abuja, Nigeria
From 2001 to 2010, he was Chancellor of the Olabisi Onabanjo University, Ago-Iwoye, Ogun State
Oba Otudeko's awards include: Honorary Doctor of Science (D.Sc.) from Olabisi Onabanjo University, Ago-Iwoye.Honorary Doctor of Science in Banking and Finance from Crescent University, Abeokuta, Ogun State.Honorary Doctor of Science Degree (D.Sc.) from Ajayi Crowther University, Oyo Town, Oyo State;. Entrepreneur of the Year Award at the ThisDay 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.

Personal life

He is married to Mrs Adebisi Aderonke Otudeko and he is the founder of the Oba Otudeko Foundation



Jimoh Ibrahim (born 24 February 1967) is a lawyer, politician, businessman, and philanthropist in Nigeria. He is the chairman and chief executive officer of Global Fleet Group, a diversified conglomerate based in Nigeria, with business interests and subsidiaries in neighboring West African countries

Background

Ibrahim traces his origins to Ondo State, in southwestern Nigeria. He studied law at Obafemi Awolowo University in Ile Ife, Osun State, Nigeria, graduating with the degree of Bachelor of Laws (LLB). Subsequently, he obtained the degree of Master of Public Administration (MPA), also from Obafemi Awolowo University. Later, he attended Harvard University in Cambridge, Massachusetts, USA, graduating with a combined Master of Laws (LLM) and Masters In International Taxation degree. His investments include the following sectors, among others: oil & gas distribution, hotels, resorts, airlines, banking, real estate, insurance, publishing and investments.

Business Interests

Global Fleet Group has the following subsidiary companies, among others
  1. Air Nigeria - Lagos, Nigeria - Formerly Virgin Nigeria
  2. NICON Insurance - Lagos, Nigeria
  3. Nigeria Reinsurance Corporation - Lagos, Nigeria
  4. NICON Luxury Hotel - Abuja, Nigeria - Formerly Le' Meridien Hotel
  5. Global Fleet Oil & Gas - A chain of gasoline stations (estimated at about 200 in 2011), across Nigeria
  6. The NICON Group - Lagos, Nigeria - Holdings include investment companies, schools, real estate holdings, transport companies and others
  7. Global Fleet Building - Lagos, Nigeria - Formerly Allied Bank Building
  8. Meidan Hotel - Lagos, Nigeria
  9. Global Fleet Industries - Lagos, Nigeria - Formerly HFP Industries Limited
  10. Energy Bank - Accra, Ghana - A new commercial bank in Ghana, started operations in February 2011
  11. Oceanic Bank São Tomé - São Tomé, São Tomé and Príncipe - Commercial bank purchased from Oceanic Bank in May 2011.
  12. Newswatch Magazine - Lagos, Nigeria

Other responsibilities

In 2003, Jimoh Ibrahim mounted an unsuccessful bid to become the governor of Ondo State, on the All Nigeria People's Party (ANPP) ticket. He has authored three books. He is married to Mrs Modupe Jimoh Ibrahim and is the father of four children. He is also the publisher of the National Mirror Newspaper in Nigeria.


Raymond Anthony Aleogho Dokpesi is a Nigerian media businessman born in 1951 in Ibadan, Nigeria. His parents are from Agenebode, Edo state in a family including six sisters siblings. He entered the Nigerian mass media industry with his company DAAR Communications and set-up the Nigerian TV network Africa Independent Television (AIT) He was the organising committee chairman of the People's Democratic Party national conference in 2015

Education

Dokpesi started his early schooling with Loyola College Ibadan. After which he joined the Immaculate Conception College (ICC) Benin city where he was the pioneer member of Ozolua Play house, a dance/drama group. He did his undergraduate studies in the University of Benin Edo State and completed his studies in University of Gdansk, Poland where he earned his Doctorate degree in Marine Engineering. His studies, from secondary school to university level was sponsored by Alhaji Bamanga Tukur
In the early 1990s, as a result of the historic National Broadcasting Commission decree, according to Muyiwa Oyinlola (2004) Nigerian media was dominated by the government only. Information was only made possible from government owned broadcasting firms. However, the Head of State then General Ibrahim Babangida, issued another decree which allowed private broadcasting in Nigeria. After this decree came the first private television network in Nigeria, Africa Independent Television (AIT). AIT was pioneered by Dokpesi, and was also Africa's first satellite Television station. Today Dokpesi is regarded as the media guru of Nigeria. Some also refer to him as the Ted Turner of Nigeria. Dokpesi not only pioneered the first satellite TV but also the first privately owned radio station in Nigeria. According to the journalist Kolapo (2006), Raymond claims that AIT set the standard for salary structure in the media industry in which Nigerian Television Authority imitated

Career

Dr. Raymond Dokpesi started as the personal assistant to Alhaji Bamaga Tukur one of the general manager of the Nigerian Ports Authority. Dokpesi also served as a civil servant in the Federal Ministry of Transport under Alhaji Umaru Dikko and General Garba Wushishi. The association of Raymond Dokpesi with the likes of the Tukurs and the late Abiola, resulted in the birth of African Ocean Lines (AOL).

Accomplishments/Achievements

Dokpesi's accomplishments include:
  • Established the first indigenous shipping line in Nigeria.
  • Established the first privately owned radio station Raypower FM in Nigeria.
  • Pioneered Nigeria's First global TV which was Africa's first ever Satellite TV station.
  • Established the first TV station to run 24-hour broadcasting in Nigeria.
  • Launched the African Independent signals in the United States.
  • Chairman of the Independent Broadcasting Association of Nigeria.
  • Helped in the formulation of the Nigerian Shipping Policy Act(decree) of 1986.

Awards and honours

Dokpesi has received awards to his credit on behalf of DAAR Communications Plc, and has been conferred with titles from his hometown in appreciation of his tremendous efforts towards Nigeria. From his hometown, he was confined with two titles, two of which are only bestowed on worthy sons. He is Oghieumua and Ezomo of Weppa Wanno of Edo State and also the Araba of Osoro Land Okpe. According to Ojewale (2004), as mentioned during the Dr. Kwame Nkrumah Leadership Award ceremony in Accra, and the Foundation for Excellence in Business Practice Geneva Switzerland, Dokpesi was praised for Daar communications rise to the top in Africa and contributions of Radio and Television station that has placed Nigeria on the world map

Philanthropy

Raymond Dokpesi has built schools for community and also offered scholarships to prospective students into tertiary institutions.


Alhassan Dantata (1877 – 17 August 1955) was a Northern Nigerian trader in kola nuts and ground nuts, and he was a distributor of European goods. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. At the time of his death he was one of the wealthiest men in West Africa.[

Early life

Parents

Dantata was born in Bebeji, Kano Emirate in 1877, one of several children of Abdullahi and his wife Amarya Both his parents were wealthy Agalawa, a hereditary group of long-distance traders in the Hausa empire. Abdullahi died in Bebeji around 1885
Abdullahi's children were too young to manage his considerable wealth. They all received their portion according to Islamic law. Amarya, like her mother-in-law, was a trader of wealth in her own right. After her husband's death, she decided to leave Bebeji for Accra, where she had commercial interests. Accra is around 1600 km away from Bebeji, and in those days, the journey would take several weeks. She left the children in Bebeji, in the care of an old slave woman named Tata.
The young Alhassan became known as Alhassan Dantata because of Tata's role as his "mother" ("Dan-tata" means "son of Tata" in the Hausa language). His name indicates she was a strong influence in his early life

Career

Dantata started to be a long-distance trader himself. He remained in Bebeji until matters had settled down. He used the new trade routes to Ibadan and Lagos to develop his network of trading associates. Instead of bringing kola nuts on pack animals, he used steamships to transport them between Accra, Kumasi, Sekondi and Lagos. He was the first to develop this route. This innovation and contact with Europeans helped establish his wealth and future.
In 1906, he began broadening his interests by trading in beads, necklaces, European cloth, and trade goods. His mother, who had never remarried, died in Accra around 1908. After her death he focused his attention on new opportunities in Lagos and Kano. For example, built up his trade in kola nuts so that eventually whole "kola trains" to Northern Nigeria were filled with his kola nuts

Base of operations

Dantata maintained a house in Bebeji and had no property in the larger trading town of Kano. He did not own a house there, but was satisfied with the accommodation given to him by his patoma (landlord). When the British disposed the successor of Yusufu in 1903, they appointed Abbas as the Emir of Kano. As part of a recompilation, Abbas returned the confiscated lands around Kano to the Agalawa families. Dantata built his first house in the then empty Sarari area (an extension of Koki) in Kano.
He married Umma Zaria, and as was the tradition she conducted business for him with women of Kano.
By all accounts, Dantata was hard working, frugal and unpretentious in his personal habits. He was also a good financial manager. He had the good sense to employ Alhaji Babba Na Alhassan who served as his chief accountant and Alhaji Garba Maisikeli as his financial controller for 38 years. Dantata did not manage from behind a desk but involved himself with his workers

Pilgrimage to Mecca

Dantata made a pilgrimage to Mecca via boat in the 1920s. On this trip he also went to England and was presented to George V.Dantata financed the pilgrimages of other Muslims to Mecca, a tradition that continues among his descendants. His son, Alhaji Aminu Dantata and his grandchildren like Hajiya Mariya Sunusi Dantata as well as his great-grandchildren, Aliko Dangote still finance pilgrimages of other Muslims to Mecca every year.

Death

In 1955, Dantata fell ill. Because of the seriousness of his illness, he summoned his chief financial controller, Garba Maisikeli and his children. He told them that his days were approaching their end and advised them to live together. He was particularly concerned about the company he had established (Alhassan Dantata & Sons). He asked them not to allow the company to collapse. He implored them to continue to marry within the family as much as possible. He urged them to avoid clashes with other wealthy Kano merchants. They should take care of their relatives, especially the poor among them. Three days later he died in his sleep on Wednesday 17 August 1955. He was buried in his house in the Sarari ward.


Folorunso Alakija (born 15 July 1951) is a Nigerian billionaire businesswoman, one of the richest African women, and one of the richest black women in the world. In 2014, she temporarily unseated Oprah Winfrey as the richest woman of African descent in the world. She is involved in the fashion oil and printing industries. She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited. Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $2.1 billion.As of 2015, she is listed as the second most powerful woman in Africa after Ngozi Okonjo-Iweala and the 87th most powerful woman in the world by Forbes

Early life and education

Folorunsho was born in 15 July 1951 to the family of Chief L. A. Ogbara in Ikorodu, Lagos State. At age seven, she travelled to the United Kingdom to begin a four-year primary education at Dinorben School for Girls in Hafodunos Hall in Llangernyw, Wales. After returning to Nigeria, she attended Muslim High School Sagamu Ogun State, Nigeria. Afterwards, she returned abroad for her secretarial studies at Pitman's Central College, London. She also studied fashion design at the American College, London and the Central School of Fashion

Career

Folorunsho started her career in 1974 as an executive secretary at Sijuade Enterprises, Lagos, Nigeria. She moved on to the former First National Bank of Chicago, now FinBank now acquired by FCMB (First City Monument Bank] where she worked for some years before establishing a tailoring company called Supreme Stitches. It rose to prominence and fame within a few years, and as Rose of Sharon House of Fashion, became a household name. As national president and lifelong trustee of the Fashion Designers Association of Nigeria (FADAN), she left an indelible mark, promoting Nigerian culture through fashion and style.
In May 1993, Folorunsho applied for the allocation of an oil prospecting license (OPL). The license to explore for oil on a 617,000-acre block—now referred to as OPL 216—was granted to Alakija's company, Famfa Limited. The block is located approximately 220 miles south-east of Lagos and 70 miles offshore of Nigeria in the Agbami Field of the central Niger Delta. In September 1996, she entered into a joint venture agreement with Star Deep Water Petroleum Limited (a wholly owned subsidiary of Texaco) and appointed the company as a technical adviser for the exploration of the license, transferring 40 percent of her 100 percent stake to Star Deep.
Once word got out they struck oil the unthinkable happened: the Nigerian government snatched a 40% stake! Later, they took an additional 10%. According to her:
“We felt like it was unfair. We had taken the sole risk and invested everything we had in the business. It had become a family business. We spent six years as a family to ensure this worked out and now that it was bearing fruit, they just stepped in and took away everything we had struggled and worked extremely hard for. I said to myself, ‘Folorunsho Alakija does not give up, my husband does not give up and my children do not give up.’”
She took them to court. For 12 years she fought the government in court. The stakes were high. The government argued if Alakija and family were allowed to keep their bloc they stood to make $10 million a day! Still she persisted and in the end she won.

Recognition

As of 2014, she is listed as the 96th most powerful woman in the world by Forbes. In May 2015 two Nigerian women, Finance Minister Ngozi Okonjo-Iweala and Alakija were listed among the world's 100 most powerful women according to Forbes. Alakija was 87th on the list.

Philanthropic interest

Folorunsho has a foundation called the Rose of Sharon Foundation that helps widows and orphans by empowering them through scholarships and business grants.Her company is also a major sponsor of the Agbami medical and engineering scholarship scheme, one of the most reliable scholarship scheme in Nigeria with over a thousand people yearly as beneficiaries.Mrs Alakija is a fervent supporter of education in Nigeria; for example in 2014 she donated a substantial amount of money to Ibrahim Badamasi Babangida University Lapai, the Niger State University. The money was used to complete the construction of a 350 Seat Lecture Theater, which was named after her.
On 1 July 2013, the federal government of Nigeria inaugurated the National Heritage Council and Endowment for the Arts and appointed Alakija as vice-chairman of the body. While inaugurating the council, Nigeria's Minister of Tourism, Culture and National Orientation, Edem Duke, said Nigeria had identified 100 new heritage sites, which "are unique and uncommon assets that we intend to preserve and promote." He charged the council, which is headed by Igho Sanomi, to "ensure the protection and conservation of places and objects of heritage significance and the registration of such places and objects."
She serves as the Chief Matron of Africa's Young Entrepreneurs.

Personal life

Folorunsho married a lawyer, Modupe Alakija in November 1976. The couple reside in Lagos, Nigeria with their four sons and grandchildren. Her nephew is the Nigerian, DJ Xclusive.


Abdul Samad Isyaku Rabiu CON (born 4 August 1960, Kano Nigeria) is a Nigerian businessman. His father, late Khalifah Isyaku Rabiu was one of Nigeria's foremost industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate with interests in manufacturing, infrastructure and agriculture with a revenue in excess of $2.5 billion. He is also the chairman of Nigerian Bank of Industry.
In 2013, Forbes estimated Abdul Samad's wealth at $1.2 billion, bringing him to the global billionaire's club.

Early life

Abdul Samad Rabiu was born in Kano in the North-Western part of Nigeria, where he did his early education. He then attended Capital University in Columbus, Ohio and returned to Nigeria at the age of 24 to oversee the family business. This was the time his father, Isyaku Rabiu was detained by the administration of General Muhammadu Buhari on allegation of duty aversion on rice imports. As a young executive director at the company, Abdul Samad was able to steer the family business out of trouble created by the absence of their father.

Business life

Abdul Samad Rabiu established BUA International Limited in 1988 for sole purpose of commodity trading. The company engaged in the importation of rice, edible oil, flour and iron and steel.
In 1990, the then Government owned Delta Steel Company contracted BUA to supply its raw materials needs, for which Bua was paid with finished products. This provided the much needed windfall for the young company. Bua further ventured into steel, billets and iron ore importation and supplying multiple rolling mils in the country.
Few years down the line, BUA acquired Nigerian Oil Mills Limited, the largest edible oil processing company in Nigeria and later set up 2 flour milling plants in Lagos and Kano in 2005. By 2008, Bua broke an eight-year monopoly in the Nigerian sugar industry by commissioning the second largest sugar refinery in sub-saharan Africa. The company went on the acquire a controlling stake in a publicly listed Cement Company of Northern Nigeria in 2009 and commenced to construction of a $900 million cement plant in Edo State commissioned early 2015.

Philanthropy

Abdul Samad Rabiu uses BUA Foundation for his philanthropic activities. These include the construction of a 7,000 Square meter paediatric ward at the Aminu Kano Teaching Hospital as well as the construction of the Centre for Islamic Studies at the Bayero University Kano amongst several others.



Tony Onyemaechi Elumelu (born 22 March 1963) is a Nigerian economist, entrepreneur, and philanthropist. He is the chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation. Elumelu holds the Nigerian national honours, the Commander of the Order of the Niger (CON) and Member of the Order of the Federal Republic (MFR). He was recognised as one of "Africa's 20 Most Powerful People in 2012" by Forbes magazine

Early life and family

Elumelu was born in Jos, Plateau State, Nigeria, in 1963. He hails from Onicha-Ukwu in Aniocha North Local Government Area of Delta State. He has two degrees in economics from Nigerian universities, a bachelor's degree from Ambrose Alli University and a master of science degree from the University of Lagos. He attended Harvard Business School's six-week Advanced Management Programme. Tony Elumelu married Awele Vivien Elumelu, a medical doctor, in 1993, and they have seven children together. He has four siblings, one of whom is Ndudi Elumelu, a former member of the Nigerian Federal House of Representatives. He is the cousin of legendary Nigerian reggae artiste, Ras Kimono who died on 10th June, 2018.

Career

In his early career, Elumelu acquired and turned Standard Trust Bank into a top-five player in Nigeria.In 2005 he led the acquisition of United Bank for Africa (UBA), later transforming it from a single-country bank to a pan-African institution with more than seven million customers in 19 African countries.
Following his retirement from UBA in 2010, Elumelu founded Heirs Holdings, which invests in the financial services, energy, real estate and hospitality, agribusiness, and healthcare sectors. In the same year, he established the Tony Elumelu Foundation, an Africa-based and African-funded philanthropic organisation.
In 2011, Heirs Holdings acquired a controlling interest in the Transnational Corporation of Nigeria Plc (Transcorp), a publicly quoted conglomerate that has business interests in the agribusiness, energy, and hospitality sectors. Elumelu was subsequently appointed chairman of the corporation.
Elumelu serves as an advisor to the USAID's Private Capital Group for Africa (PCGA) Partners Forum. He sits on the Nigerian President's Agricultural Transformation Implementation Council (ATIC). He is also vice-chairman of the National Competitiveness Council of Nigeria (NCCN), whose formation he was a key driver in, and serves as Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. He additionally chairs the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria, at the invitation of the Federal Government and the Presidential Jobs Board, engineered to create 3 million jobs in one year. He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL) and USAID's Private Capital Group for Africa Partners Forum.
He was one of the co-chairs of the 26th World Economic Forum on Africa in Kigali, Rwanda, from 11 to 13 May 2016.

Philanthropy

The Tony Elumelu Foundation

Following his retirement from United Bank for Africa in July 2010, Elumelu founded The Tony Elumelu Foundation. His stated objective was to "prove that the African private sector can itself be the primary generator of economic development." The Foundation is charged with the mission of "driving Africa's economic development by enhancing the competitiveness of the African private sector"

Recognition

In 2003, the Federal Government of Nigeria granted Elumelu the title of Member of the Order of the Federal Republic (MFR), a national honour. In 2006, Elumelu was voted African Business Leader of The Year by Africa Investor magazine and was recognised African Banker of the Year in 2008 by African Banker magazine.In 2009, the Nigerian President Umaru Musa Yar'adua asked him to serve on the Presidential Committee on the Global Financial Crisis.
In 2012, he was awarded the National Honour of Commander of the Order of the Niger (CON) for his service in promoting private enterprise. He was recognised as one of "Africa's 20 Most Powerful People in 2012" by Forbes magazine. In addition, New African magazine featured him in their list of the "100 Most Influential Africans in Business". He was awarded an honorary doctorate of science degree from Benue State University and an honorary doctorate of business administration from the University of Nigeria, Nsukka.
In 2013, Elumelu received the Leadership Award in Business and Philanthropy from the Africa-America Institute (AAI) Awards. He was also named African Business Icon at the 2013 African Business Awards.
ESI-Africa, frequently described as "Africa's power journal", named Elumelu in its 2015 "ESI Most Influential Figures in African Power" list, in January 2015.
At the 5th edition of the annual Economic Forum of the Ivorian National Council of Employers, CGECI Academy, (CGECI) in Abidjan in April 2016, he was awarded a Lifetime Achievement Award.

Patrice Tlhopane Motsepe (born 28 January 1962) is a South African billionaire mining businessman. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards including being the non-executive chairman of Harmony Gold, the world's 12th largest gold mining company, and the deputy chairman of Sanlam. In 2012, Motsepe was named South Africa's richest man, topping the Sunday Times' annual Rich List with an estimated fortune of R20.07 billion ($1 billion).
In 2003, he became the owner of football club Mamelodi Sundowns
In 2013, he joined The Giving Pledge, committing to give half his wealth to charitable causes

Early life and education

Patrice was born to Augustine Motsepe, a schoolteacher turned small businessman, who owned a Spaza shop popular with black mine workers. It was from this shop that Motsepe learned basic business principles from his father as well as first-hand exposure to mining. His father later became a chieftain.
He earned a Bachelor of Arts degree at the University of Swaziland and a law degree from the University of the Witwatersrand He specialised in mining and business law.

Career

He became the first black partner in the law firm Bowman Gilfillan in 1994, the same year Nelson Mandela was elected the country's first black president. At a time when the new government had begun the process of promoting black empowerment and entrepreneurship, Motsepe founded a company called Future Mining, which provided contract mining services that included the cleaning of gold dust from inside mine shafts, for the Vaal Reefs Gold mine, implementing a system of worker remuneration that combined a low base salary with a profit-sharing bonus.
In 1997, with gold prices at a low, he purchased marginal gold mines from AngloGold under favourable finance terms. AngloGold sold Motsepe six gold mine shafts for $7,7million allowing him to repay the debt out of the future earnings of the company now known as African Rainbow Minerals.
Since 2004, he has been a non-executive director of Absa Group and Sanlam.
In 2002 when it was listed on the JSE Security Exchange, African Rainbow Minerals joined with Harmony Gold Mining Ltd. and the company's name changed to ARMgold. Motsepe is also the founder of African Rainbow Minerals Platinum (Proprietary) Limited and ARM Consortium Limited, which later equally split ownership with Anglo American Platinum Corp Ltd. From 2005, Motsepe was Chairman of Teal Exploration and Mining Incorporated. Motsepe is also chairman of Ubuntu-Botho Investments, Non-Executive chairman of Harmony Gold Mining Co Ltd. and deputy Chairman of Sanlam Ltd. Motsepe has been president of South Africa's Chamber of Commerce and Industry.
He is currently the interim chairman of the Black Business Council and is a founding member and former president of one of South Africa’s most influential business advocacy and lobby group Business Unity SA (BUSA).
Motsepe and Ubuntu-Botho Investments is to partner with insurance and financial services company Sanlam to found a private equity firm with a focus on African investments.

Personal life

Motsepe is married to Dr. Precious Moloi, a physician and fashion entrepreneur. They have three children. He is the brother of Tshepo Motsepe and Bridgette Radebe, and the brother-in-law of both President Cyril Ramaphosa and Minister Jeff Radebe.



Hajia Bola Shagaya (born October 10, 1959) is a Nigerian businesswoman and fashion enthusiast. She is one of the richest women in Africa

Early Life & Family

Hajia Bola Shagaya (MON) was born on 10 October 1959, the daughter of Adut Makur a Sudanese seamstress and Emenike Mobo a Nigerian Public Servant. She is currently married to Alhaji Shagaya, a Kwara State-based transport mogul, and has six children. Sherif Shagaya, Hakeem Shagaya, Deeja Shagaya, Naieema Shagaya, Amaya Roberts Shagaya and Adeena Roberts Shagaya. Her children are dispersed across the world, most reputably growing the Real Estate empire in both Europe and the United States. Also involved in minor business and industry holdings across Asia and Australia. Bola Shagaya is known to have had her secondary school education at Queens School, Ilorin, and her tertiary education at Ahmadu Bello University, Zaria and Armstrong College in California, where she studied economics and accountancy.

Career

She started her career with the audit department of the Central Bank of Nigeria before venturing into commercial activities in 1983. Her business experience started with the importation and distribution of photographic materials and she introduced the Konica brand of photographic materials into the Nigerian market and West Africa.
Hajia Bola Shagaya is also the managing director of Practoil Limited one of the largest importers and distributors of base oil in Nigeria, serving local lubricant blending plants. Her businesses also includes huge investment in real estate, spanning across major cities in the country with over three hundred employees.
She is currently on the board of Unity Bank plc (formerly Intercity Bank) and has been for over eight years. She is also a member of the recently inaugurated Nepad Business Group – Nigeria. Hajia Bola Shagaya is a patron of the Fashion Designers Association of Nigeria (FADAN), and a fashion and art enthusiast who supports and encourages the fashion and art industry. She also loves sports, especially polo. On 22 July 2010, she was awarded by the President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan (GCFR), the title of Member of the Order of the Niger (MON).
Money Laundering Investigation
Bola Shagaya is being investigated by Nigeria’s Economic and Financial Crime Commission, EFCC, for money laundering also involving Patience Jonathan, Nigeria’s former firstlady.


Olusegun Mathew Okikiola Aremu Obasanjo, GCFR, Ph.D. Yoruba: Olúṣẹ́gun Ọbásanjọ́ [olúʃɛ̙́ɡũ ɒ̙básandʒɒ̙́]; born 5 March 1937) is a former Nigerian Army general who was President of Nigeria from 1999 to 2007. Obasanjo was a career soldier before serving twice as his nation's head of state. He served as a military ruler from 13 February 1976 to 1 October 1979, and as a democratically elected president from 29 May 1999 to 29 May 2007. From July 2004 to January 2006, Obasanjo also served as Chairperson of the African Union

Early life

Olusegun Obasanjo was born on 5 March 1937 to his father Amos Adigun Obaluayesanjo "Obasanjo" Bankole and his mother Ashabi in Abeokuta, Ogun State, Nigeria. His mother died in 1958 and his father died in 1959. He became an orphan at the age of 22.
In 1948, Obasanjo enrolled into Saint David Ebenezer School at Ibogun, for his primary school education. From 1952 to 1957, he attended Baptist Boys' High School (BBHS), Abeokuta, for his secondary school education

Military career

In 1958, Olusegun Obasanjo joined the Nigerian Army. Some of his studies and training includes Mons Cadet School, Aldershot, England; Royal College of Military Engineers, Chatham, England; School of Survey, Newbury, England; Indian Army School of Engineering, Poona; and the Royal College of Defence Studies, London.
Obasanjo served in the 5th Battalion of the Nigerian Army in Kaduna and in Cameroon between 1958 and 1959. He was commissioned as a second lieutenant in the Nigerian Army in 1959 and promoted to a lieutenant in 1960.
As lieutenant, Obasanjo served in the Nigerian contingent of the United Nations Force in the Congo (formerly Zaire, now the Democratic Republic of Congo) in 1960. He later joined the then only engineering unit of the Nigerian Army and became its unit commander in 1963.
In 1963, Obasanjo was promoted to the rank of captain in the Nigerian Army. He was attached to the Indian Army Engineering School at Kirkee, India in 1965. That year, he was promoted to the rank of major.
In 1965, he attended the Defence Services Staff College Wellington, India (In a book, the 40th anniversary book on the Defence Services Staff College, Wellington, India, 1947–1987, Col. R.D. Palsokar (retired) quoted the commandant's confidential report on the then Major Obasanjo of the 20th staff course set in 1965, as saying that he was "the best officer who was sent up till then from that country (Nigeria) to Wellington. Palsokar also stated: "He was particularly popular in all circles
On 29 July 1975, when General Murtala Mohammed took power as head of state via a military coup, Obasanjo was appointed as the chief of staff supreme headquarters. In January 1976 he was promoted to lieutenant general.
Following a failed coup by Lt. Col. Buka Suka Dimka in which General Murtala Mohammed was killed, Obasanjo was chosen as head of state by the supreme military council on 13 February 1976.
Obasanjo resigned as head of state and also resigned from the army on 1 October 1979, handing over power to the newly elected civilian president of Shehu Shagari

Imprisonment

During the dictatorship of Sani Abacha (1993–1998), Obasanjo spoke out against the human rights abuses of the regime, and was imprisoned for alleged participation in an aborted coup based on testimony obtained via torture.He was released only after Abacha's sudden death on 8 June 1998. While in prison, Obasanjo became a born-again Christian.
Recollecting his experience during the trial of the coup, Obasanjo says “My saddest day was when I sat in front of a military panel set up by late former Head of State, Sani Abacha to try me over a phantom coup, and sentenced to death and later commuted to 30 years imprisonment

Post-presidency

He became chairman of the PDP Board of Trustees, with control over nominations for governmental positions and even policy and strategy. As one Western diplomat said, "He intends to sit in the passenger seat giving advice and ready to grab the wheel if Nigeria goes off course." He voluntary resigned as the chairman board of trustees of the PDP in April, 2012. Afterwards, he withdrew from political activities with PDP.
In March 2008, Obasanjo was "supposedly" indicted by a committee of the Nigerian parliament for awarding $2.2bn-worth of energy contracts during his eight-year rule, without due process. The report of this probe was never accepted by the whole Nigerian parliament due to manipulation of the entire process by the leadership of the power probe committee. It is not on any official record that Chief Obasanjo was indicted.
During the Zimbabwean election of July 2013, Obasanjo headed a delegation of African Union election observers.
On May 2014, Obasanjo wrote to President Goodluck Jonathan requesting that he should mediate on behalf of the Nigerian government for the release of the Chibok girls held by the Boko Haram militants.
On 16 February 2015, he quit the ruling party and directed a PDP ward leader to tear his membership card during a press conference.He was later to be known as the navigator of the newly formed opposition party, the APC.
On 24 January 2018, he wrote serving President Muhammadu Buhari highlighting his areas of weakness and advising him not to run for office in 2019. To date all his letters to incumbent presidents have preceded their downfall.
On 31 January 2018, his political movement called "Coalition for Nigeria Movement" (CNM) was launched in Abuja.
On 10 May 2018, the movement adopts a political party, African Democratic Congress (ADC), to realise its dream of a new Nigeria.

Personal life

Obasanjo was married four times. His wives were Esther Oluremi, Lynda (deceased), Mojiosola Adekunle (deceased), and Stella Abebe (deceased).
Obasanjo has twenty children. In alphabetical order they are: Bisoye, Biyi, Bola, Bukola, Busola, Damilola, Dare, Dayo, Deboye, Funke, Funso, Gbenga, Iyabo, Juwon, Kofo, Kunle (nephew Obasanjo adopted as a son), Olumuyiwa, Segun, Seun, and Toyosi.
His son, Dare Obasanjo, is a Principal Program Manager for Microsoft.
In 1987, his second wife/ex-wife, Lynda, was ordered out of her car by armed men, and was fatally shot for failing to move quickly.
On 23 October 2005, the President lost his wife, Stella Obasanjo, First Lady of Nigeria the day after she had an abdominoplasty in Spain. In 2009, the doctor, known only as 'AM', was sentenced to one year in jail for negligence in Spain and ordered to pay restitution to her son of about $176,000.
In addition to a variety of other chieftaincy titles, Obasanjo holds the titles of the Balogun of Owu and the Ekerin Balogun of the Egba clan of Yorubaland.
In December 2017, Obasanjo defended his Ph.D thesis at the National Open University of Nigeria (NOUN). He now holds a Ph.D in Theology. That was about two years after he completed his master's degree in the same course.

Awards

Olusegun Obasanjo has received several awards and medals. In alphabetical order they include:
  • Defence Service Medal (DSM)
  • Forces Service Star (FSS)
  • General Service Medal (GSM)
  • Grand Commander of the Federal Republic of Nigeria (GCFR)
  • Meritorious Service Star (MSS)
  • National Service Medal (NSM)
  • Republic Medal (RM)
  • Silver Jubilee Medal (SJM)


Jim James Ovia (born November 4, 1951) is a Nigerian businessman. He founded Zenith Bank in 1990.

Early life

Jim Ovia holds a Master's degree in Business Administration from the University of Louisiana, Monroe, Louisiana, USA in 1979 and a B.Sc. degree in Business Administration from Southern University, Baton Rouge, Louisiana, USA (1977). He is also an Alumnus of Harvard Business School (OPM).

Career

He served as CEO until 2010, when he moved into the chairman role. He was the recipient of a Nigerian national honor.
During two decades of leadership, he helped position the bank as one of the largest and most profitable in Africa.
Ovia is the founder of Visafone Communications Limited and the chairman of both the Nigerian Software Development Initiative (NSDI) and the National Information Technology Advisory Council (NITAC). He is a member of the Honorary International Investor Council as well as the Digital Bridge Institute (DBI). He is the Chairman of Cyberspace Network Limited.

Philanthropy

He is a member of the Governing Council of Lagos State University, Lagos and a member of the Board of Trustees, Redeemer's University For Nations, Lagos. He was a member of the Governing Council of the Nigerian Investment Promotion Commission (1999 – 2007) and served on the board of American International School, Lagos [2001 -2003].
Ovia headed numerous Non-Governmental Organisations [NGO] at various times including serving as the first President of the Nigeria Internet Group (2001-2003). He is the founder and Chairman of Mankind United to Support Total Education (MUSTE), a philanthropic organization focused on providing scholarships for the less privileged. He is the founder of the Youth Empowerment / ICT Foundation, which focuses on improving the socioeconomic welfare of Nigerian youths by inspiring and motivating them to embrace Information and communication technology.



Orji Uzor Kalu (born April 21, 1960) is the chairman of SLOK Holding and the Daily Sun and New Telegraph newspapers in Nigeria, who served as the governor of Abia State, Nigeria from May 29, 1999, to May 29, 2007. Prior to his election, he served as the chairman of the Borno Water Board and the chairman of the Cooperative and Commerce Bank Limited. Kalu was also a member of the Peoples Democratic Party (PDP), Progressive Peoples Alliance (PPA) and the chairman of the PPA Board of Trustees. He was the party's presidential candidate in the April 2007 general election. He is currently a member of the ruling party after he officially announced his resignation as a PPA BOT.

Background

Kalu attended Christ the King School Aba and Government College Umuahia. After studying at Barewa College, Zaria, he enrolled in the University of Maiduguri where he studied political science. During his time at the university, Kalu became a student activist, and participated in the “Ali Must Go” riots against the education minister. His participation resulted in his suspension. While his fellow students later took the school authorities to court, Kalu left school to build his own business
With only $35 to his name that he had borrowed from his mother, Kalu began trading palm oil, first buying the oil from Nigeria's eastern regions and then selling it in the country's northern regions He then began buying and reselling furniture on a large scale.
Kalu eventually established SLOK Holding, a conglomerate that would consist of a number of successful companies, including the Ojialex Furniture Company, SLOK Nigeria Limited, SLOK United Kingdom Limited, Adamawa Publishers Limited, SLOK Vegetable Oil, Aba, SLOK Paper Factory, Aba, SLOK United States Incorporated, SLOK Ghana, Togo, Cotonou, Guinea, South Africa, Liberia, Botswana, SLOK Korea, Supreme Oil Limited, SLOK Airlines, Sun Publishing Limited, and First International Bank Limited.
Kalu became the youngest Nigerian to receive the National Merit Award from President Ibrahim Babangida, at the age of 26 in 1986. He was selected as the Nigerian Chamber of Commerce's Industrialist of the Year, and awarded the Humanitarian Award of the University of Nigeria, Nsukka's Humanitarian Club, the Volunteer Award of the International Association of Volunteers, the National Merit Award, the EU Special Award in Brussels, and the World Bank Leon Sullivan Award.
Kalu has a degree from Abia State University, a Certificate in Business Administration from Harvard University and honorary doctorates from the universities of Maiduguri and Abia State.

Corporate and political background

Kalu headed First International Bank Limited at the age of 33. He also stewarded Nigerian commercial relations with China's SinoPacific Shipbuilding company while serving as a principal of SLOK Holding.
On July 11, 2007, Kalu was arrested by the Economic and Financial Crimes Commission on charges of corruption while serving as the governor of Abia State.He was later released on bail, and accused the Obasanjo regime of persecuting him during and after his tenure in office, an accusation mentioned by former U.S. Ambassador to Nigeria John Campbell in his book, "Nigeria: Dancing on the Brink."
Kalu has been a staunch supporter of President Muhammadu Buhari, a "close friend and father, who deserves all the support to make Nigeria better."

Newspapers

Kalu is the chairman of the Daily Sun, a Nigerian daily print newspaper founded and published in Ikeja, Lagos, Nigeria. The newspaper had a daily circulation of 130,000 copies as of 2011, and 135,000 for weekend titles, with an average of 80% sales. The Daily Sun was the highest selling newspaper in Nigeria. The Daily Sun was incorporated on March 29, 2001, and began production as a weekly on January 18, 2003, and as a daily on June 16, 2003. The newspaper is similar in format to The Sun in the United Kingdom.
Kalu is also the chairman of the New Telegraph, Nigeria's first politically independent all-national newspaper, with a circulation of 100,000 copies per day. The newspaper targets domestic and foreign readers in major urban centers throughout the country and offers objective coverage of political, social, and cultural issues.

SLOK Holding

SLOK Holding is a wholly owned Nigerian consortium of companies that is involved in a wide array of operations, with a strong presence in West Africa. The group operates in all sectors of the economy, with a focus on oil and gas, banking and finance, media and publishing, real estate, trading, manufacturing, insurance and tourism. It is a member of industrial institutions including the Lagos Chamber of Commerce and Industry, Nigeria-America Chamber of Commerce and Industry, Nigeria-British Chamber of Commerce and Industry, and Nigeria-Philippine Chamber of Commerce and Industry.
SLOK Holding is the owner of SLOK Nigeria Ltd., the leading indigenous player in the upstream sector of Nigeria's oil and gas industry. The corporation operates in marine transport services, involving offshore support and deep sea transportation within the Nigerian coastal and inland waterways. SLOK Nigeria Ltd. is the largest indigenous company in Nigeria that owns, operates, and manages its own fleet. It is compliant with the Nigerian Cabotage Law and is registered with the Nigerian Maritime Administration and Safety Agency
In September 2016, the company announced its plans of producing the first made in Nigeria mobile phone

Njiko Igbo Movement

Kalu is involved with the Njiko Igbo Movement, whose purpose is to help secure the presidential seat for a Nigerian citizen of Igbo extraction; an Igbo has only held the presidency for six months since Nigeria's independence
The movement has branches and support groups throughout the diaspora.Kalu launched the organization together with former Nigerian Senator Emmanuel Onwe, a human rights advocate and lawyer earlier based in the United Kingdom.

Personal life

Kalu married Ms. Ifeoma Ada Menakaya in December 1989, the got married in his hometown of Igbere, Abia Sta


Femi Otedola (born November 4, 1962) is a Nigerian businessman, entrepreneur, philanthropist, and chairman of Forte Oil PLC, an importer of fuel products. 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. He has recently invested in power generation as part of the liberalisation of the sector in Nigeria

Early life

Otedola was born in Ibadan, the capital of Oyo State, south west Nigeria, into the family of the late Sir Michael Otedola, Governor of Lagos State from 1992 to 1993.
As a child he always wanted to be a Reverend Father but his business instinct started quite early

Fuel marketing

Zenon Petroleum and Gas

In 2003, having identified an opportunity in the fuel retail market, Otedola secured the finance to set up Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company
As owner and chairman of Zenon, in 2004 he invested N15 billion in downstream infrastructure development and acquired storage depots at Ibafon, Apapa as well as four cargo vessels, amounting to a combined total storage capacity of 147,000 metric tonnes. The same year he acquired a fleet of 100 DAF fuel-tanker trucks for N1.4 billion.
By 2005, Zenon controlled a major share of the Nigerian diesel market, supplying fuel to most of the major manufacturers in the country including Dangote Group, Cadbury, Coca-Cola, Nigerian Breweries, MTN, Unilever, Nestle and Guinness.
In March 2007, it was announced that ten banks had approved a syndicated loan of US$1.5 billion (N193.5 billion) to Zenon as working capital to build the largest premium motor spirit storage facility in Africa. Later that year Zenon acquired a 28.7 per cent stake in African Petroleum, one of Nigeria's largest fuel marketers. Zenon also invested across the financial sector, becoming the largest shareholder in a number of Nigerian banks including Zenith Bank and United Bank for Africa (UBA) As well as diesel, Zenon also became an important player in the kerosene market.
In 2012, Zenon was among a number of companies named in a report into an alleged fuel subsidy scam. According to the report Zenon owed the government $1.4 million. It was further reported that Farouk Lawan, the Nigerian legislator who compiled the report, had apparently been filmed collecting $500,000 of a supposed total sum of $3 million from Femi Otedola to remove Zenon from the list. It subsequently emerged that Otedola had previously reported Lawan's harassment and demands for bribes to the State Security Services, who had orchestrated a sting operation. Lawan was charged with corruption in February 2013.

African Petroleum

In 2007, Otedola was appointed chairman and chief executive of Africa Petroleum through the acquisition of a controlling stake in the business.In December that year he personally acquired a further 29.3 per cent of the company for N40 billion. A merger of this personal holding with Zenon's brought Otedola's total stake to 55.3 per cent.
Following Otedola's entry into the company African Petroleum's share price rose sharply, increasing the market capitalisation from N36 billion to N217 billion in six months In 2008, in response to public concerns over the availability and pricing of kerosene, African Petroleum launched an initiative to saturate the market and sell fuel at N50 per litre from more than 500 service stations across Nigeria.
In March 2009, Otedola became the second Nigerian after Aliko Dangote to appear on the Forbes list of dollar-denominated billionaires, with an estimated net worth of $1.2 billion] In October 2009, Otedola announced a move to upgrade African Petroleum's liquefied petroleum gas (LPG) storage terminals in Lagos, Kano and Port Harcourt. Difficult economic conditions caused by the slump in world oil prices and credit squeeze of 2008–09 led African Petroleum to record a loss in 2009.

Forte Oil

In December 2010, African Petroleum rebranded, changing its name to Forte Oil PLC. Otedola carried out a restructuring of the business, focusing on technology and improved corporate governance.Forte Oil returned to profit in 2012.
In 2013, as part of the Federal Government's push to liberalise Nigeria's ailing power sector, Otedola financed 57% of Forte Oil subsidiary Amperion Ltd, which acquired the 414 MW Geregu Power Plant for $132 million.
Forte's improved financial position and diversification into power generation resulted in a 1,321 per cent rise in its share price during 2013. The first half of 2014 saw the company's pre-tax profit more than double year-on-year to 4.19 billion naira ($25.7 million).Revenue growth for the whole year was 33 per cent. In November 2014, Otedola returned to the Forbes rich list having dropped off it following the fall in share price during 2009.
In September 2015 Forte Oil sold 17 per cent of its equity to Swiss commodity trader Mercuria Energy Group, giving Forte access to global commodity markets. The deal was thought to have given Otedola an estimated $200 million.

Other investments and positions

In 1994, Otedola established CentreForce Ltd, specialising in finance, investments and trading. Otedola is also the owner of Swift Insurance.
Otedola is chief executive and president of SeaForce Shipping Company Ltd and was at one point Nigeria's largest ship owner after extending control over the distribution of diesel products.One of his ships, a flat bottomed bunker vessel with a storage capacity of 16,000 metric tonnes, was the first of its kind in Africa
In January 2006, Otedola was appointed a non-executive director of Transnational Corporation of Nigeria Plc, a multi-sectoral conglomerate established in 2004 by then-President Obasanjo to respond to market opportunities requiring heavy capital investment in Nigeria and across sub-Saharan Africa. He held this post until February 2011.
Otedola has made a number of real estate investments, including a N2.3 billion acquisition in February 2007 by Zenon of Stallion House in Victoria Island in Lagos, from the Federal Government. The following month he was appointed chairman of the Transcorp Hilton Hotel in Abuja and tasked with driving its expansion and upgrade to a seven star facility. He is the owner of FO Properties Ltd. Otedola has been reported to be a financier of the People's Democratic Party and is said to have contributed N100 million to President Obasanjo's re-election expenses in 2003. He was a close ally of President Goodluck Jonathan He has served as a member of the Nigerian Investment Promotion Council (NIPC) since 2004, and the same year was appointed to a committee tasked with developing commercial relations with South Africa. In 2011, Femi Otedola was appointed by President Goodluck Jonathan to Nigeria's National Economic Management Team.

Bribery and corruption

In 2012, Femi Otedola was reported by reliable media houses to have given bribe to Boniface Emenalo and Farouk Lawan who was at then, the Chairman of the House Committee on Fuel Subsidy Regime, "integrity group" a sum of $620,000. The reason reported by witnesses as pertains the actions of Femi Otedola was that he wanted the name of his company removed from the list of firms indicted by Farouq Lawan's committee for abusing the fuel subsidy regime in 2012 . Farouk Lawan and Boniface Emenalo were at risk of going to prison if found guilty of receiving money from Femi Otedola as receiving of bribe by a government official is an offense punishable by Imprisonment. In February 2, 2013, Both individuals Farouk Lawan and Boniface Emenalo were charged to court by Independent Corrupt Practices and other related Commission (ICPC) their trial was at the Capital Territory High Court in Abuja to face a seven-count charge of bribery, an offense that violates Section 10 (a) (ii) of ICPC Act, 2000 and punishable under Section 10 of that same Act.
Farouk Lawan plead not guilty, and initially so did Boniface Emenalo; however, events at the court of law took an unforeseen turn as Boniface Emenalo eventually admitted he was guilty[44] and, in fact, had received several bribes on behalf of Farouk Lawan. Be that as it may, new evidence provided by the persecution was very concrete as Femi Otedola was caught red-handed in a video of him giving a bribe and Farouk Lawan accepting it.

Philanthropy

Otedola has made several donations to the Michael Otedola University Scholarship Scheme, which was established in 1985 to give underprivileged students in Lagos State access to higher education.In 2005 Zenon donated N200 million to the scheme's fund.Since its inception the scheme has benefited more than 1,000 students.
In 2005, Otedola made a N300 million personal donation to the completion of the National Ecumenical Centre—Nigeria's primary place of Christian worship—in Abuja. In 2007 he was among a group of donors who gave N200 million to the State Security Trust Fund in a drive to reduce crime in Lagos State. Later that year he donated N100 million to the Otedola College of Primary Education in Noforija, Epe. In 2008 he donated N80 million to the Faculty of Agriculture at the University of Port Harcourt.

Personal life

Otedola is married to Nana Otedola and has three daughters – Christine Olawunmi, Florence Ifeoluwa and Elizabeth Temi—and a son, Fewa. Florence Otedola, aka DJ Cuppy, is a DJ and music producer, as well as a tourism ambassador for Nigeria Her younger sister, Temi, is a style blogger and aspiring designer Otedola has homes in Lagos, Abuja, Dubai, London and New York City.
In December 2016, Otedola was embroiled in a controversy where two Toronto-based sisters—Jyoti and Kiran Matharoo—reportedly tried to extort him by cyberbullying and blackmail, claiming they had evidence of Otedola cheating on his wife that they would post on a notorious sex-scandal website The sisters dispute Otedola's account.] According to their account Jyoti met Otedola, straight out of University, in 2008. He whisked her and Kiran to Nigeria, and began an affair with him. They acknowledge that his gifts enriched them, as did gifts from other wealthy boyfriends, but dispute they ever engaged in blackmail, or even demanding gifts


Source: profile credit to NNU.NG




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