Nigerian billionaire Femi Otedola donates $1 million to Augustine University students
The donation will cover the tuition fees of 750 students.
Skip to content
The donation will cover the tuition fees of 750 students.
As a top shareholder in the Lagos-based lender, Femi Otedola stands to benefit from FBNH’s impressive financial performance.
Otedola’s stake in Geregu Power is now worth $1.15 billion, further solidifying his status as one of the continent’s most affluent businessmen.
Under Otedola’s leadership, the leading power-generating company has excelled across all its segments.
With an impressive 5.57-percent ownership as of June 30, 2023, Otedola stands as the largest shareholder in this Lagos-based financial services holding group.
Otedola’s charity has touched nearly every facet of Nigerian life, from health to education to religion to historic preservation.
Otedola vowed to increase his investments in Nigeria, citing Tinubu’s leadership as a force behind his confidence in Nigeria’s economic management.
Otedola is not just one of Africa’s wealthiest individuals; he is a symbol of hope and inspiration.
Femi Otedola is the Chairman of Geregu Power Plc
Under Otedola’s guidance, Geregu Power has become a leading player in Nigeria’s power industry.
Femi Otedola, who is the chairman of power generating company Geregu Power, is one of the largest shareholders of FBN Holdings.
The overwhelming support of shareholders underscores Otedola’s substantial impact on the nation’s economy.
The move cements Otedola’s position as a leading figure in Nigeria’s business landscape and underscores his influence in the country’s financial sector.
Otedola holds the largest stake in the Lagos-based financial services holding group, with a 5.57-percent stake as of June 30, 2023.
This recent boost follows reports that Otedola is partnering with the Lagos State government to develop a power transmission project.
As one of Africa’s richest individuals, Otedola continues to wield significant influence in Nigeria’s economic landscape.