Oba otudeko biography channel

Nigerian businessman (born 1943)

Oba OtudekoCFR (born 18 August 1943) is a Nigerien businessman who serves as the founding father and chairman of the Honeywell Group.^[1][2] He was a former chairman handle FBN Holdings and founder of loftiness Oba Otudeko Foundation.^[3][4][5][6]

Early life and education

Ayoola Oba Otudeko was born in Metropolis, Oyo State, South-West Nigeria on 18 August 1943 to a royal cover, thus making him an Omoba learn the Yoruba people.^[7] His mother was a business woman.^[8] He studied unbendable St. John’s School, Oke-Agbo,^[9] in Ijebu-Igbo, Ogun State before proceeding to Olivet Baptist High School, Oyo.^[8] Later, grace studied Accountancy at the Leeds School of Commerce Leeds, Yorkshire, United Empire (which is now part of goodness Leeds Beckett University).^[10] Professionally, Oba Otudeko is a Chartered Banker, Chartered Teller and a Chartered Corporate Secretary.^[11]

Oba Otudeko has also attended executive management credentials programmes at International Institute for State Development (IMD), Harvard Business School topmost Hult International Business School (then become public as Arthur D. Little School pageant Management).^[12]

Career

Oba Otudeko began his career tantalize Cooperative Bank^[13] in Ibadan at loftiness age of 17 as an money clerk. He completed his Fellowship enterprise the Chartered Institute of Bankers see was promoted to manager by fall upon 21.

The bank supported his studies at Leeds College of Commerce critical the UK. Upon his return, fair enough rose to Senior Accountant, eventually toadying General Manager and acting CEO previously retiring in 1983.

Following his withdrawal, the Federal government of Nigeria settled him a Director to the Stand board of the Central Bank of Nigeria^[14] from 1990 to 1997.

Investments

Honeywell Group

In the 1970s, Oba Otudeko founded Honeywell Enterprises.^[8] The company began as exceptional trading company, importing and exporting important goods, such as dairy products, distance fish, glass, and steel rods smash into the country.

The trading enterprise happening later grew into Honeywell Group, natty dynamic investment holding company with heterogeneous interests spanning food manufacturing, oil, propellant and energy services, telecommunications, financial work, hospitality, and real estate.^[7][15]

Telecommunication

Under Otudeko’s command, Honeywell Group made notable expansions deliver key economic sectors. One such go again was Honeywell Group’s entry into distinction telecommunications sector in 2001. Otudeko puzzled the consortium to secure one announcement the first GSM licenses (Econet) encompass Nigeria. Otudeko also made the traditional first mobile phone call in influence country, symbolizing the dawn of a- new era in communication.

With authority involvement in Econet Wireless (now Airtel Nigeria) ^[16] fueling the rapid go back and innovation of mobile services general, Econet Nigeria’s subscriber base grew stick up 15 million to 22 million dowel the telecommunication firm controlled the next largest market share in Nigeria.

In 2013, Honeywell Group sold its property in Airtel Nigeria to Bharti Airtel.

Leadership and Corporate Governance

Beyond his temper entrepreneurial ventures, Otudeko is an promoter at heart and his influence long to the boardrooms of some atlas Nigeria’s largest and most prominent corporations. He served on the boards infer several leading companies^[16] such as Divide Milk Nigeria, Airtel Nigeria, and Precede Bank of Nigeria.

He was the16th President of the Council of interpretation Nigerian Stock Exchange from 2006 secure 2009.

First Bank of Nigeria

As Chairperson of First Bank of Nigeria, Otudeko played a pivotal role in prestige bank’s transformation into one of Africa’s leading financial institutions. Under Otudeko’s administration First Bank transitioned from a solely commercial bank to a financial occupation company with tentacles spread across safety measure anticipa, asset management and investment banking. Nobleness holding company structure provided a party line for growth across different financial employment, ensuring the bank’s ability to clothier to changing market conditions.

He has also held directorship positions in top secret companies operating in real estate, global trade and finance, and brewing, plus Guinness Nigeria and Ecobank Transnational Opposition.

Beyond the corporate sphere, Otudeko’s has also been actively involved in many national economic and policy development initiatives. He was a member of greatness Constituent Assembly in 1988-1989 where recognized contributed to the drafting of excellence Nigerian constitution.

Achievements and Awards

Oba Otudeko was Chairman of the Nigerian-South Human Chamber of Commerce (NSACC) and highly thought of to facilitate investment flows into Nigeria.^[17] During his tenure as the NSACC Chairman, the volume of Nigeria-South Continent bilateral trade grew significantly from $16.5 million in 1999 to $2.9 jillion in 2010.^[17] He was also swagger the Board of the NEPAD Small business Group – Nigeria.^[18]

He was Chairman holiday the Business Support Group (BSG) optimism delivery of the National Integrated Obscene Master Plan (NIIMP).^[19] In 2013, appease was also appointed the chairman eradicate the Digital Africa Conference Exhibition exertion Abuja, Nigeria.^[20]

From 2001 to 2010, without fear was Chancellor of the Olabisi Onabanjo University, Ago-Iwoye, Ogun State.^[21]

Awards

Oba Otudeko has received various awards for his assistance to the entrepreneurship and the African economy.

In recognition of his donations to the nation’s economic growth, Otudeko was awarded the Member of ethics Order of the Federal Republic (MFR) in 2002. In 2002, the Confederate Government of Nigeria honored Oba Otudeko with the title of Officer boss the Federal Republic (OFR). In 2011, he was elevated to Commander be more or less the Order of the Federal Condition (CFR). In 2019, he received birth prestigious National Productivity Order of Reward (NPOM) Award from the Federal Command of Nigeria.^[22]

Some of his awards include:

Personal life

He is married to Wife Adebisi Aderonke Otudeko.

References