Full Biography and Net Worth of Oba Otudeko

Oba Otudeko

Biography and Net Worth of Oba Otudeko

Oba Otudeko is a Nigerian accountant, industrialist and the founder and CEO of Honeywell group. He is also the chairman of FBN Holding Plc, the founder of the Oba Otudeko foundation and also a recipient of the prestigious National Honour of Commander of the Order of the Federal Republic (CFR).

Background and Family

Oba Otudeko was born on the 18th of August, 1943 in Ibadan, Oyo State, Nigeria. He received education from notable tertiary institutions which suggests that he may have been born into an influential family. He got a degree in Accountancy from the Leeds College of Commerce Leeds, Yorkshire, United Kingdom which today has been merged with the Leeds Beckett University. Oba Otudeko is a professional Chartered Banker, Chartered Accountant and also a Chartered Corporate Secretary, Otudeko is obviously a man that values education and that took his time in seeking and attaining it. He is also an alumnus of Harvard Business School.

Oba Otudeko is married to Adebisi Aderonke Otudeko.

Rise to Prominence

Oba Otudeko first started out working in banks, he worked in banks for 23 years and slowly but steadily climbed up the ranks. He eventually became the General Manager and acting Chief Executive Officer of the erstwhile Cooperative Bank, Ibadan and he retired in 1983.

He went on to build his own business and he established Honeywell Group. The group is essentially a trading establishment but with time it grew and stretched into telecommunication, infrastructure, real estate and financial services.

The company originally began as a trading establishment that majored  in importing and marketing commodities between the Northern and Southern region of Nigeria and even expanded into the West African sub-region, especially Ghana. The group has grown to become a conglomerate with tentacles in many diverse sectors like- foods and agro-allied, real estate, infrastructure, energy and services.

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Accolades

Oba Otudeko is one maverick that is always in the news for bagging awards, appointments and recognitions. Below listed are some of them;

• In December, 2000 he was awarded Member of the Order of the Federal Republic (MFR).
• He was the Chancellor of Olabisi Onabanjo University, Ago-Iwoya, Ogun State from 2001 to 2010.
• In November, 2002 he was awarded Officer of the Order of Federal Republic.
• He was elected as the 16th President of the Nigerian Stock Exchange in September, 2006.
• He bagged the Entrepreneur of the year award at the ThisDay awards in 2009.
• In 2011 he recieved the Nigerian National Honour of Commander of the Order of the Federal Republic (CFR).
• He received the Africa CEO Forum’s Africa CEO of the Year Award in 2016
• He is the Chairman of FBN Holdings Plc.
• He has at different times served as the Chairman of Airtel Nigeria Limited and also Chairman of Fan Milk, Nigeria Plc.
• He was a member of the Board of First Bank of Nigeria Plc for 12 years until he retired as the in 2010.
• He received the Leadership Newspaper Business Person of the Year award in2015.
• He is a recipient of the Silverbird Extraordinary Lifetime Achievement Award.
• He has held directorship positions in private companies operating in real estate, international trade and finance and brewing- companies like Guinness Nigeria and Ecobank Transnational Inc.
• He was the Chairman of the Nigerian-South African Chamber of Commerce (NSACC) designed to propagate investment flows into Nigeria. He performed so well that under his leadership the volume of bilateral trade between Nigeria and South Africa grew tremendously from $16.5 million to $2.9 billion.
• He was a member of the Board of the NEPAD Business Group Nigeria.
• He was once a Chairman of the Business Support Group charged with the responsibility of delivering the National Integrated Infrastructure Master Plan (NIIMP).
• He was made Chairman of the Digital Africa Conference Exhibition in Abuja, Nigeria in the year 2013.
• In 2014, his company Honeywell Group was listed among the the top 100 companies in Nigeria.
• He has an Honorary Doctor of Science (D.Sc) from Olabisi Onabanjo University.
• He has an Honorary Doctor of Science in Banking and Finance from Crescent University, Abeokuta, Ogun State.
• He has an Honorary Doctor of Science Degree (D.Sc.) from Ajayi Crowther University, Oyo Town, Oyo State.
• He is a recipient of the Ernst & Young Lifetime Achievement Award.
• He was appointed Director to the Board of the Central Bank of Nigeria by the Federal Government of Nigeria.

He was named the 46th richest man in the world by Forbes Magazine in 2014.

Oba Oteduko is also a philanthropist and the founder of the Oba Oteduko foundation- a philanthropic institution.

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Oba Otudeko’s Net Worth

Oba Otudeko’s net worth as rated by Forbes by June, 2017 was $550 million.

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