Tag: otedola

  • JUST IN: Otedola announces N1bn donation to fight Coronavirus

    JUST IN: Otedola announces N1bn donation to fight Coronavirus

    Nigerian billionaire, Femi Otedola has said he would be donating N1 billion to eradicate the deadly Coronavirus in the country.

    Nigeria currently has 65 cases of coronavirus cases, according to the NCDC.

    Otedola made the pledge on his twitter handle on Friday, saying that “I will be contributing N1 billion towards the eradication of COVID-19 across Nigeria”

    Otedola said the fight to control and eradicate the COVID-19 “is in our hands. A few of us have decided to pool resources to support the government’s effort in building the needed capacity to flatten the curve. Stay Home and Stay Safe.”

  • Broda Shaggi finally shares kiss with DJ Cuppy[VIDEO]

    Popular Nigerian comedian and actor, Samue Perry a.k.aBroda Shaggi has finally fulfilled his life long dream of kissing celebrity DJ, Cuppy who is also the daughter of billionaire businessman, Femi Otedola

    Shaggi recently posted a series of videos on Instagram recently showing him supposedly sharing a kiss with the celebrity disk jockey.

    https://www.instagram.com/p/B51A0PGnH_9/

    “FINALLY, I kissed DJ Coppied ,” he captioned one of them.

    Otedola surprisingly commented on one of the videos saying jokingly: “My son-in-law.”

    DJ Cuppy also shared the video on Instagram with an exciting caption.

    “Dreams do come through. Congrats to Brodashaggi,” she said.

    The video has received over 600,000 views on Instagram in less than 24 hours and as of Wednesday afternoon; it had received over 365,000 views on YouTube.

    In an interview the entertainer said associating with Davido has improved his brand

    According to him: ““Without a doubt, my association and friendship with Davido has significantly improved my brand.

    “Davido is a great guy who is willing to support anyone that comes his way. Knowing and moving around with him has been a blessing for my brand.”

     

     

  • Otedola’s wife, daughter escape fire incident at London apartment

    Femi Otedola’s wife, Nana and daughter Tolani Otedola on Friday escaped a fire incident at their apartment in London.
     
    Both women escaped unhurt as fire fighters were called to douse the fire.
     
    In a video making the rounds on social media, Tolani and Nana were seen walking on the streets of London after the incident. Tolani clarified that they were unharmed and showed appreciation to people who showed concern . She however failed to discuss how the fire started.
     
    Back in 2017, Omoni Oboli on her Instagram revealed that she escaped what could have been a fatal incident after a fire outbreak in her home.
    Oboli’s air conditioning unit had caught fire, and it quickly spread to other parts of her room.
    According to her: ”This God is too good! Magnify the Lord with me my people! Still shook but I’m constantly in awe of my King! God loves me. Nobody can tell me otherwise!”
     

  • Otedola, celebrities congratulate Dangote on 62nd birthday

    Otedola, celebrities congratulate Dangote on 62nd birthday

    Business tycoon, Femi Otedola and notable Nigerian celebrities took to their instagram handles to celebrate with billionaire Aliko Dangote as he marks his 62nd birthday.

    Otedola did not only wish Dangote a happy birthday, he described him as `the greatest man that has come out of Africa.’

    Read more:
    “Happy birthday to my brother, mentor, and best friend. Greatest man that has come out of Africa… F.Ote.”

     

    Meanwhile, notable Nigerian celebrities have also taken to various social media platform to celebrate with the business tycoon on his birthday.

    Paul Okoye, also took to his instagram handle, iamkingrudy to wish Dangote a happy birthday.

    “Happy massive birthday to my big oga#chairman Aliko Dangote* More blessing.

    Similarly, his twin Petersquare said,“ Happy birthday to my mentor and uncle. Wishing many happy returns to the person who taught me how to pursue my goals.

    “Uncle Aliko you have been a great inspiration to me and I wish you a happy birthday, sir.”

    Comedian, Bovi on his instagram handle, officialbovi said,“ Happy birthday to my best friend and fellow billionaire, Alhaji Aliko Dangote. I remember when we took this picture 4 years ago, you advised me to go public with my company.

    “ So I sold shares on the mic and like they say, the rest is history.’’

    On his part, veteran comedian, Ali Baba, also posted on his instagram handle, alibabagcfr also wihed Dangote a happy birthday, saying, “Happy birthday @aliko_dangotegcon.#fromFoorToForbes.

    Dangote was named as the Forbes Africa Person of the Year 2014 .

    He is currently worth was U.S $10.7 billion.

  • Billionaire businessman, Otedola offers to foot Christian Chukwu’s medical bill

    Billionaire businessman, Otedola offers to foot Christian Chukwu’s medical bill

    Billionaire businessman, Femi Otedola on Monday reportedly offered to pay the medical bills of ailing ex-Super Eagle captain and coach, Christian Chukwu.

    TheNewsGuru had earlier reported that Chukwu is suffering from prostate cancer which has affected his leg. The former Super Eagles gaffe is said to be in need of $50,000 for operation.

    Media Officer, Enugu Rangers, Norbert Okonkwo, had earlier said that the Enugu State Government donated N1.5 million for the leg surgery.

    In the first two days, a GoFundMe appeal raised $4,305 of the $50,000 needed for further treatment, according to reports.

    According to TheCable, Otedola said he would foot the entire cost of the operation as a “token of support to a great Nigerian who served his country to the best of his ability”.

    Otedola previously settled the medical bills of the veteran actor, Victor Olaotan, who was at risk of double amputation following a ghastly car accident in 2016.

    A patron of Chukwu’s former club, Enugu Rangers FC, Benson Ezeomeogo Ejindu, broke the news of the ailment at the weekend.

    Chukwu also captained the Enugu Rangers FC team that won the Africa Cup Winners’ Cup in 1977.

    He was nicknamed ‘Chairman’ for his authority on the field as a central defender.

    He was the captain when the then Green Eagles lifted the African Cup of Nations in 1980.

  • Femi Otedola,DJ Cuppy head to polling unit

    Business mogul, Femi Otedola and daughter, DJ Cuppy have taken to their social media platforms to encourage others to vote.

    The pair were filled with excitement and enthusiasm as they perform their civic duties.

     

    https://www.instagram.com/p/BuOCJIdDUsW/

    In the clip shared on their Instagram profiles, the DJ prompted her billionaire dad for a comment as she tried to transfer the excitement to her followers. In his response, he encouraged voters to visit a polling unit close to them to prepare Nigeria for a better future.

    “Good morning everybody. Today is the day that Nigeria decides. My dad and I are walking over to our voting units. We are very excited,”

     

    Femi Otedola added, “Go and vote and let’s shape the future of Nigeria.”

     

    https://www.instagram.com/p/BuOCqMBnVHg/

    TheNewsGuru reports that some polling units in Lagos have experienced a sluggish voting process as a result of the lateness in the arrival of the voting materials.

     

  • Otedola reveals source of $500,000 bribe he gave Farouk in 2012

    Billionaire businessman, Femi Otedola, on Monday told a court that he received the $500,000 used to bribe a former House of Representatives member, Farouk Lawan, from the Department of Security Service (DSS).

    Otedola said this during his cross-examination by a defence lawyer, Mike Ozekhome, at the Apo Division of the FCT High Court.

    He appeared as the prosecution witness in Lawan’s trial after the latter was arraigned for allegedly attempting to receive $3 million from the witness, while he chaired a committee of the House of Representatives in 2012.

    Lawan was then chairing the committee that investigated billions spent fraudulently on petrol subsidy and the beneficiary companies. Mr Otedola, one of Nigeria’s richest persons, is in the oil and gas business.

    Otedola had accused Lawan of blackmailing him with a request of $3 million to clear his company from the investigation.

    The businessman added that he was given money after he reported Lawan to the DSS in a petition.

    He said the money was given to him at his residence after seven SSS officials visited him, following a petition he wrote to complain about the alleged blackmail.

    Responding to a question from Mr Ozekhome, a Senior Advocate of Nigeria, about the source of the money allegedly given to Lawan, Otedola said: “It was handed over to me by the DSS.”

    Otedola added that he gave the $500,000 to Lawan in two tranches of $250,000. He said the DSS had informed him that they recovered the call logs between him and other parties in the matter.

    Otedola, however, said his only written communication with the SSS is the petition written to the agency.

    According to Otedola, he was interrogated verbally by the SSS and did not make a written statement, besides his petition. Otedola further said that the camera used in capturing the disbursement of the bribe to Lawan was removed shortly after the defendant left with the money.

    He, however, responded in the negative when asked whether his companies, Zemon Oil and gas and Forte Oil, were in the list of companies investigated by Lawan’s committee.

    Ozekhome questioned Otedola’s account of the said bribery. He said the alleged collection of a bribe in a sting operation like that described by Otedola should have included the arrest of Lawan after receiving the money.

    Responding to Ozekhome’s submission, Otedola said he had noted the need to arrest Lawan but was told to wait till the matter is concluded at the committee.

    Ozekhome also questioned the failure of the SSS to submit evidence of alleged calls between Otedola and the other parties to the court.

    Lawan was first arraigned in February 2013 along with another accused, Boniface Emenalo, for allegedly receiving $620,000 of the alleged bribe from Otedola and his company.

    The case was then handled by Adebukola Banjoko also of the same FCT High Court.

    Banjoko, however, stepped down from the matter in 2014, following allegations of bias brought against her by the defence.

    The charge was later amended to include only Lawan who was accused of receiving $500,000 of the total bribe sum.

  • BREAKING: Otedola dumps Forte Oil, okays sales of 75% shares [Document Attached]

    BREAKING: Otedola dumps Forte Oil, okays sales of 75% shares [Document Attached]

    Nigerian billionaire businessman, Femi Otedola is set to sell his 75 per cent direct and indirect shareholdings in Forte Oil.

    This was revealed by the Nigerian Stock Exchange in a statement on its website on Monday.

    The statement was signed and made available to reporters by Akinleye Olagbende, the General Counsel of the company.

    The statement entitled ‘notification of divestment by the majority shareholder in the downstream business operations,’ reads, “Forte Oil Plc hereby notifies the Nigerian Stock Exchange, Securities and Exchange Commission, Shareholders and the investing community that its Majority Shareholder, Mr. Femi Otedola, CON has reached an agreement with the Prudent Energy team, investing through Ignite Investments and Commodities Limited, to divest of his full 75% direct and indirect shareholding in the Company’s downstream business.

    “Mr. Otedola’s divestment from the downstream business is pursuant to his decision to explore and maximise business opportunities in refining and petrochemicals.

    “The transaction is expected to close in the First Quarter (Q l ) of 2019 subject to the satisfaction of various conditions and receipt of applicable regulatory approvals.

    “Standard Chartered Bank, Corporate Finance & Advisory, Dubai and Olaniwun Ajayi LP served as Financial and Legal advisors respectively to Mr. Femi Otedola, CON, while PricewaterhouseCoopers and Stanbic IBTC Capital Limited served as Joint Financial Advisors and Sefton Fross served as legal advisor to Ignite Investments and Commodities Limited.

    “This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the ordinary shares or any other securities, nor will there be any sale of the ordinary shares or any other securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.”

     

  • 2019: Otedola denies nurturing Lagos governorship ambition

    Billionaire businessman and chairman of Forte Oil, Femi Otedola, has denied news making the rounds that he will contest as governor of Lagos State come 2019.

    The insinuations were based on a viral video shared by the business mogul where he (Otedola) transited on a public vehicle popularly called ‘molue’ from Sango in Ogun State to Agege in Lagos.

    Recall that the billionaire businessman recently joined social networking platforms; Twitter and Instagram.

    The rumours became widespread after a tweet from a parody account on Twitter claimed that the Forte Oil boss will seek to slug it out with Governor Akinwunmi Ambode of Lagos in the coming governorship race.

    But Otedola debunked the rumour in a tweet in the early hours of Friday.

    “My attention has been drawn to a news piece where false information from a parody account was posted,” the tweet read.

    “I am a man of the people and I will always be on the side of the masses but I am stating clearly via this medium that I am not running for office.”

     

    To show that he has no ulterior motives, the billionaire commended Governor Ambode, insisting he is doing a good job.

    “The Governor of Lagos State is doing a commendable job and Lagosians should be proud of him,” he tweeted.

     

  • Sexual urge is not my problem; I want a man richer than Otedola- Blessing Ofoegbu

    Budding actress, Blessing Ofoegbu is yet to recover from her recent heart break. However, the Biochemistry graduate of Anambra State University has said she desires to get married to a man who is richer than Nigerian billionaire, Femi Otedola.

    She made this statement while responding to a question centred on her favourite qualities in a man.

    Hear her: ”I’m single and not in any relationship now, because I just broke up with my boyfriend a short while ago, so sexual urge is not my problem. However, when it’s time for marriage, I want a humble, God fearing, intelligent and bold man, and a man with good morals. I want a man with too much money. I want a man richer than (Femi) Otedola. I don’t want a stingy man. I want someone that will look at me and say ‘baby girl, you are worth eating my money’,” she told The Sun.

     

    Aremu is stupid for saying our father was poor-Kunle Afolayan