Oba Otudeko

Oba Otudeko
CFR
Born Oba Otudeko
(1943-08-18) 18 August 1943
Ibadan, Oyo State, Nigeria
Nationality Nigerian
Education Accountancy
Alma mater Leeds College of Commerce, Yorkshire, United Kingdom
Occupation Chairman of Honeywell Group
Years active 1972—present
Net worth US$550 million (June 2017)[1]

Oba Otudeko, CFR is a Nigerian entrepreneur. He is the founder and chairman of Honeywell Group,[2] and is also the chairman of FBN Holdings Plc.[3] 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[4] He is also the founder of Oba Otudeko Foundation.[5] He was awarded the Nigerian National Honour of Commander of the Order of the Federal Republic (CFR) in 2011.[6] 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[7]

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.[8] Oba Otudeko studied Accountancy at the Leeds College of Commerce Leeds, Yorkshire, United Kingdom (which is now part of the Leeds Beckett University).[9] Professionally, Oba Otudeko is a Chartered Banker, Chartered Accountant and a Chartered Corporate Secretary.[10]

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.[11]

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,[12] 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.[13]

Honeywell Group

Oba Otudeko is Founder and Chairman of the Honeywell Group.[8] The Honeywell Group is, today, diversified industrial, trading and investment conglomerate.[14]

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.[15] In addition to the Honeywell Group, Oba Otudeko is also Chairman of FBN Holdings Plc and has, at various points, been Chairman Airtel[16] 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.[17] 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.[18]

Oba Otudeko was Chairman of the Nigerian-South African Chamber of Commerce (NSACC) and aimed to facilitate investment flows into Nigeria.[19] 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.[19] He was also on the Board of the NEPAD Business Group – Nigeria.[20]

He was Chairman of the Business Support Group (BSG) for delivery of the National Integrated Infrastructure Master Plan (NIIMP).[21] In 2013, he was also appointed the chairman of the Digital Africa Conference Exhibition in Abuja, Nigeria[22]

From 2001 to 2010, he was Chancellor of the Olabisi Onabanjo University, Ago-Iwoye, Ogun State[23]

Oba Otudeko's awards include: Honorary Doctor of Science (D.Sc.) from Olabisi Onabanjo University, Ago-Iwoye.[24] Honorary Doctor of Science in Banking and Finance from Crescent University, Abeokuta, Ogun State.[25] Honorary Doctor of Science Degree (D.Sc.) from Ajayi Crowther University, Oyo Town, Oyo State;.[26] Entrepreneur of the Year Award at the ThisDay Awards in 2009.[27] Ernst & Young Lifetime Achievement Award;[28] Leadership Newspaper Business Person of the Year 2015;[29] Silverbird Extraordinary Lifetime Achievement Award and recently, the 2016 Africa CEO Forum’s Africa CEO of the Year Award.[30]

Personal life

He is married to Mrs Adebisi Aderonke Otudeko[31] and he is the founder of the Oba Otudeko Foundation.[32]

References

  1. ↑ "Top 50 richest in Africa". Forbes.com. 2 June 2017. Retrieved 2 June 2017.
  2. ↑ "Oba Otudeko". www.forbes.com. Retrieved June 4, 2017.
  3. ↑ "Otudeko, FBN Holdings Group Chairman leads Conversation at the Africa CEO Forum 2017". www.proshareng.com. March 21, 2017.
  4. ↑ "Oba Otudeko". Forbes. Retrieved 2018-01-15.
  5. ↑ "Founder: Dr. Oba Otudeko". obaotudekofoundation.org.
  6. ↑ Agekameh, Dele (30 March 2016). "Oba Otudeko: Celebrating an Icon". The Nation newspaper. Retrieved 28 March 2017.
  7. ↑ "Otudeko Bags Business Person Of The Year Award". Uncova. December 19, 2015.
  8. 1 2 Fick, David (2006). Africa: Continent of Economic Opportunity (First ed.). Johannesburg, South Africa: STE Publishers. p. 63. ISBN 1-919855-44-0. Retrieved 3 April 2017.
  9. ↑ "Oba Otudeko". Forbes.com.
  10. ↑ "Oba Otudeko Biography, Profile, CEO Honeywell Group". Recordsng.
  11. ↑ "Dr. Oba Otudeko, CFR". lbsafricaclub.org.
  12. ↑ "Billionaire mogul, Oba Otudeko on why Honeywell is succeeding". Encomium. January 20, 2016. Retrieved May 19, 2017.
  13. ↑ "Biography of Oba Otudeko; Entrepreneur Chartered Accountant; Billionaire". Nigerianbiography.com.
  14. ↑ "HONEYWELL GROUP, COMPANY, IKOYI". Lagos.all.biz. Retrieved June 4, 2017.
  15. ↑ "Otudeko lists achievement at NSE". Vanguard. August 11, 2009.
  16. ↑ "Oba Otudeko becomes Chairman of Zain Nigeria". Proshareng.com. Retrieved May 22, 2017.
  17. ↑ "Otudeko, 3 non-executive directors retire from First Bank". Vanguard Newspaper. 31 December 2010.
  18. ↑ Komolafe, Babajide (8 April 2016). "Oba Otudeko chairs Vanguard's PERSONALITY OF THE YEAR AWARDS". Vanguard Newspaper. Retrieved 30 March 2017.
  19. 1 2 "FOLUSO PHILLIPS BECOMES NEW CHAIRMAN OF NIGERIAN-SOUTH AFRICAN CHAMBER OF COMMERCE". Nigeria South Africa Chamber of Commerce. Nigeria South Africa Chamber of Commerce. Retrieved 4 April 2017.
  20. ↑ "Nigeria, South African Trade Hits N43.5bn". Tide News Online. July 7, 2011.
  21. ↑ "Nigeria Integrated Infrastructure Master Plan".
  22. ↑ "Otudeko Chairs Digital Confab". The Nation. February 14, 2013.
  23. ↑ Mbamalu, Marcel. "Otudeko is Africa's best chief executive for 2016". guardian.ng.
  24. ↑ Ilesanmi, Funmi (December 21, 2009). "Otudeko Emerges FirstBank Chairman". nigeriancommunicationsweek.com.ng.
  25. ↑ Katib, Idris (October 27, 2013). "CRESCENT UNIVERSITY GRADUATES 141, HONOURS OTUDEKO, LEMU, OTHERS". thenigerianvoice.com.
  26. ↑ "Gowon, Otudeko, Alaafin, 3 others bag Doctorate degrees at Ajayi Crowther varsity". Daily Trust. November 22, 2017.
  27. ↑ "ThisDay Awards 2009 – Festival of Ideas: Speakers & Winners". January 21, 2009.
  28. ↑ "Ernst & Young Honours Honeywell Group's Chairman". Honeywell Group Official Website. Retrieved May 22, 2017.
  29. ↑ "Otudeko bags Leadership Newspapers Business Person of the Year award". Leadership Newspaper. December 18, 2015.
  30. ↑ "Dangote, Otudeko win big at Africa CEO awards". The Cable. Retrieved May 22, 2017.
  31. ↑ "Honeywell Flour Mills Plc (HONYFLOU:Lagos)". bloomberg.com.
  32. ↑ "Oba Otudeko Foundation". obaotudekofoundation.org.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.