Olufemi Otedola
Chairman at GEREGU POWER PLC
Net worth: 26 M $ as of 31/03/2024
Profile
Olufemi Peter Otedola is the founder of Seaforce Shipping Co. Ltd.
(founded in 2001) and Centreforce Ltd.
(founded in 1994).
He held the title of President & Chief Executive Officer at Seaforce Shipping Co. Ltd.
from 2011 to 2014.
Currently, Mr. Otedola is the Chairman at FBN Holdings Plc, Atlas Shipping Agency Co., Ltd., F.O.
Properties Ltd., F O Transport, Inc., Garment Care Ltd., Swift Insurance Brokers Ltd., and Geregu Power Plc.
He started his current position at FBN Holdings Plc in 2024 and at Geregu Power Plc in 2013.
In his former positions, Mr. Otedola served as the President & Chief Executive Officer of ZENON Petroleum & Gas Ltd.
He was also the Chairman of Ardova Plc and Transcorp Hilton Hotel.
Additionally, he held the role of Non-Executive Director at Transnational Corp.
of Nigeria Plc and was a Member-Governing Council at the Nigerian Investment Promotion Commission.
He served as the President of the Nigerian Chamber of Shipping.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
| 19/04/2023 | 2,245,639,251 ( 5.52% ) | 24 M $ | 31/03/2024 | |
FBN HOLDINGS PLC
0.09% | 30/09/2023 | 40,033,982 ( 0.09% ) | 1 M $ | 31/03/2024 |
GEREGU POWER PLC
0.00% | 31/12/2022 | 1,245 ( 0.00% ) | 954 $ | 31/03/2024 |
Olufemi Otedola active positions
| Companies | Position | Start |
|---|---|---|
| GEREGU POWER PLC | Chairman | 01/11/2013 |
| FBN HOLDINGS PLC | Chairman | 31/01/2024 |
| Atlas Shipping Agency Co., Ltd. | Chairman | - |
| F O Transport, Inc. | Chairman | - |
| F.O. Properties Ltd. | Chairman | 10/06/2014 |
Garment Care Ltd.
 Garment Care Ltd. Miscellaneous Commercial ServicesCommercial Services Garment Care Ltd. provides garments dry cleaning services. The company was founded in 1999 and is headquartered in Lagos, Nigeria. | Chairman | - |
| Swift Insurance Brokers Ltd. | Chairman | 10/06/2014 |
Former positions of Olufemi Otedola
| Companies | Position | End |
|---|---|---|
Nigerian Chamber of Shipping
 Nigerian Chamber of Shipping Miscellaneous Commercial ServicesCommercial Services Nigerian Chamber of Shipping operates as non-profit organization. Its services include training and capacity building, advisory and maritime consulting, legal support and arbitration, research and publication, and enlightenment campaign services. The company was founded in 2002 and is headquartered in Lagos, Nigeria. | President | - |
| Centreforce Ltd. | Founder | - |
| ░░░░░░░░ ░░░░░░░░░░ ░░░░░░░░░ ░░░░░░░░░░ | ░░░░░░░░░ ░░░░░░░░░░░░░░░░░ | - |
| ░░░░░ ░░░░░░░░░ ░░░░░ ░░░ ░░░░ | ░░░░░ ░░░░░░░░░ ░░░░░░░ | - |
| ░░░░░░░░ ░░░░░░░░ ░░░ ░░░░ | ░░░░░ ░░░░░░░░░ ░░░░░░░ | - |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 3 |
|---|---|
| TRANSNATIONAL CORPORATION OF NIGERIA PLC | Utilities |
| FBN HOLDINGS PLC | Finance |
| ARDOVA PLC | Distribution Services |
| Private companies | 12 |
|---|---|
Transcorp Hilton Hotel
 Transcorp Hilton Hotel Hotels/Resorts/Cruise linesConsumer Services Part of Transnational Corp. of Nigeria Plc, Transcorp Hilton Hotel operates a 670-room hotel. The private company is based in Abuja, Nigeria. | Consumer Services |
ZENON Petroleum & Gas Ltd.
 ZENON Petroleum & Gas Ltd. Wholesale DistributorsDistribution Services ZENON Petroleum & Gas Ltd. operates as an oil and Gas Company. It engages in the marketing and distribution of petroleum products such as petrol, diesel, kerosene, gas, fuel oils and lubricants. The company was founded on March 10, 1999 and is headquartered in Lagos, Nigeria. | Distribution Services |
| Nigerian Investment Promotion Commission | |
Seaforce Shipping Co. Ltd.
 Seaforce Shipping Co. Ltd. Marine ShippingTransportation Seaforce Shipping Co. Ltd. provides shipping services for petroleum products and other cargo. The private company is based in Lagos, Nigeria. The Nigerian company was founded by Olufemi Peter Otedola. | Transportation |
| Atlas Shipping Agency Co., Ltd. | |
| F.O. Properties Ltd. | |
Nigerian Chamber of Shipping
Nigerian Chamber of Shipping Miscellaneous Commercial ServicesCommercial Services Nigerian Chamber of Shipping operates as non-profit organization. Its services include training and capacity building, advisory and maritime consulting, legal support and arbitration, research and publication, and enlightenment campaign services. The company was founded in 2002 and is headquartered in Lagos, Nigeria. | Commercial Services |
| F O Transport, Inc. | |
Garment Care Ltd.
Garment Care Ltd. Miscellaneous Commercial ServicesCommercial Services Garment Care Ltd. provides garments dry cleaning services. The company was founded in 1999 and is headquartered in Lagos, Nigeria. | Commercial Services |
| Centreforce Ltd. | |
| Swift Insurance Brokers Ltd. | |
| Geregu Power Plc |
- Stock Market
- Insiders
- Olufemi Otedola
