Oba Otudeko

By - - [ Celebrity Profile ]

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

Others are reading