Oba Otudeko

Ayoola Oba Otudeko was born on August 18th, 1943 in Ibadan, Oyo State, Nigeria into a royal family. He is an accountant, investor, businessman and Chairman of Honeywell Group.

Oba Otudeko Age

Oba Otudeko is 80 years old.

Oba Otudeko Early Life

Oba received education from notable institutions. He studied Accountancy at the Leeds College of Commerce, Leeds, Yorkshire, United Kingdom.

Oba Otudeko Career

Oba began his career at the then Cooperative Bank. With hard work, he progressed to become a chartered accountant, chartered banker and chartered corporate secretary. He also rose to become the acting General Manager of the bank, before he retired after 23 years of meritorious service. He established the Honeywell Group in 1972.

Today, the Honeywell Group has evolved into a diversified enterprise with businesses, comprising 10 subsidiaries across major sectors of the Nigeria economy, namely: foods and agro-allied; real estate, infrastructure, energy and services. Through additional portfolio investments, the Group is also a significant provider of capital to other sectors of the Nigerian economy including financial services, telecommunications and security management. The Honeywell Group expresses itself through 10 operating companies namely: Honeywell Flour Mills Plc, HOGL Energy Limited, Pivot Engineering Company Limited, Uraga Real Estate, Anchorage Leisures and Pavilion Technology Limited. Others are Broadview Engineering, Hudson Power Limited, Uraga Power Solutions Limited and Honeywell Energy Resources International Limited.

The Honeywell Group employs over 5,000 Nigerians and contributes to human and social capacity development in Nigeria through diverse platforms. These include the Honeywell Excellence Programme, which provides a platform for young, brilliant Nigerian graduates of tertiary institutions to hone their business management skills by providing them with a comprehensive and robust training in business management principles, over a 12-month period.

Otudeko has also used his entrepreneurship skills to contribute to the growth of many corporate organisations where he has served as chairman or director.  He is also currently the Group Chairman of FBN Holdings Plc, the parent company of First Bank of Nigeria Limited. He was at various times, chairman, First Bank of Nigeria Limited; FBN Bank (UK) Limited; Airtel Nigeria and Fan Milk of Nigeria Plc. Between September 2006 and August 2009, he was the 16th President and Chairman of Council of the Nigerian Stock Exchange. From 1990 to 1997, Otudeko served on the boards of Central Bank of Nigeria; Guinness Nigeria Plc, from 1999 to 2003; British American Tobacco Ltd, from 2001 to 2004 and Ecobank Transnational Incorporated, headquartered in Lome, Togo from 2002 to 2010.

He has also served as 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.

He is a Fellow of the Chartered Institute of Bankers (FCIB), Fellow of the Institute of Chartered & Corporate Accountants (with Honours) (FCCA), Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and Fellow of the Institute of Chartered Secretaries and Administrators (FCIS).He 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.

Oba Otudeko Personal Life

Oba is married to Mrs. Adebisi Aderonke Otudeko. Their union is blessed with children and grandchildren. He was named the 46th richest man in the world by Forbes Magazine in 2014.

Oba Otudeko Awards

• In 2009, Otudeko was conferred with Entrepreneur of the Year Award at the ThisDay Awards
• In 2015, he was voted Leadership Newspaper Business Person of the Year.
• Silverbird Television conferred on him, the Extraordinary Lifetime Achievement Award in 2015.
• In 2016, Oba emerged winner of the African Chief Executive Officer, CEO, of the Year award at the Africa CEOs’ Forum, in Abidjan.
• Otudeko was awarded the following national honours: Commander of the Order of the Federal Republic (CFR) in 2011, Officer of the Order of the Federal Republic (OFR) in 2002 and the Member of the Order of the Federal Republic (MFR) in 2000.
• He has also received honours from institutions including; 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 Doctorate Degree from Baze University, Abuja; and Honorary Doctorate Degree from Ajayi Crowther University, Oyo Town, Oyo State; Entrepreneur of the Year Award for the second time at theThisDay Awards in 2012and Ernst & Young (EL) Lifetime Achievement Award in 2014.

Oba Otudeko Net Worth

Oba Otudeko is estimated to have a net worth of about US$550 million

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