Oba Otudeko is a Nigerian businessman and socialite. He sits atop the board of companies like Honeywell flour mills, which has now been sold to Flour Mills of Nigeria.
In this article, Naijabiogist writes about the Oba Otudeko, one of the most controversial Billionaires in Nigeria.
Early Life, Background and Education
Oba Otudeko, who hails from Oyo State was born on the 18th of August, 1943.
Oba had a business-oriented background as his mother was a businesswoman. He started his education at St. John’s School, Oke-Agbo and proceeded to Olivet High School, where he got his School Leaving Certificate.
Upon leaving School, Otudeko worked at Cooperative Bank as an accounts clerk, before proceeding to study at the Leeds College of Commerce.
Career, Achievements and Controversies
Oba began his career at the now defunct Cooperative Bank in Ibadan and rose to the position of General Manager and acting CEO.
He later founded Honeywell Group in the 1970s, which has grown into a diversified conglomerate with interests in food manufacturing, oil and gas, telecommunications, financial services, hospitality, and real estate.
Leadership Roles
Oba Otudeko has held various leadership positions, including Chairman of FBN Holdings (parent company of First Bank of Nigeria) and Chairman of the Nigerian-South African Chamber of Commerce.
Controversies
Over the years, Oba Otudeko has faced recent allegations of fraud related to loans obtained from First Bank. He has categorically denied these claims, stating that he never served in an executive capacity within FBN Holdings and has no operational responsibility in the organization. He has expressed his willingness to cooperate with any government agency conducting investigations in the matter.
Wife and Children
Oba Otudeko is married to Adebisi Aderonke Otudeko and together they have three children. They are; their daughters, Folake Otudeko and Moyo Otudeko and their son Obafemi Otudeko who is part of the governing board of Honeywell Flour mills.
Net Worth
Otudeko is valued around an estimated $550 million USD.
