Kessington Adebutu, a Nigerian businessman who is one of the country’s wealthiest, has made a name for himself in a variety of industries. Adebutu has affected several businesses in the country through his investments and successful businesses.
Premier Lotto Limited, often known as “Baba Ijebu,” is in the forefront of his entrepreneurial abilities. It has grown into a lottery and gaming platform with a network of over 200 principle agents and 16,000 retail gaming representatives under Adebutu’s strategic guidance.
Adebutu’s leadership abilities and management tactics have not only influenced the lottery and gaming industries, but have also established Premier Lotto as a powerful brand.
The 88-year-old Nigerian gaming magnate also owns 69.9% of Arbico Plc, a prominent player in Nigeria’s construction industry.
His climb from salesman to Premier Lotto’s imaginative leadership illustrates his dedication to developing long-lasting businesses. His humanitarian initiatives in recent years have aided in the economic empowerment of many people, so strengthening the national economy as a whole.
1. Premier Lotto (Baba Ijebu)
Premier Lotto, often known as “Baba Ijebu,” is a well-known lottery company started by Kessington Adebutu. It has been in business since 2001 and is a national provider of lottery and sports betting services. Premier Lotto has gained popularity in western Nigeria, where it is sold by 200 primary agents and 16,000 retail gaming dealers. This has had a major impact on the gaming sector as well as youth unemployment.
2. Neemtree Investments
Kessington Adebutu founded Neemtree Investments, a conglomerate with interests in gaming, manufacturing, media, energy, and real estate. Adebutu’s important investments, notably a staggering 28.09 percent stake in Wema Bank, demonstrate his pivotal role in the development of Nigeria’s economy.
3. Kessington Adebukunola Adebutu Foundation (KAAF)
Aside from commerce, the Kessington Adebukola Adebutu Foundation is a symbol of empowerment. The foundation represents Adebutu’s commitment to uplifting the less fortunate and contributing to the overall development of the country, with a focus on education, healthcare, and cultural promotion.
4. Wessex Petroleum
Wessex Petroleum was founded by Kessington Adebutu as a strategic move into the oil and gas sector, adding to Nigeria’s energy landscape and playing a part in the country’s oil business. His participation in the oil and gas industry, particularly through Wessex Petroleum, reflects his broad investment strategy.
5. Arbico Plc
Arbico Plc, which was founded in 1958 and has been listed on the Nigerian Exchange since 1978, is a key player in Nigeria’s construction industry, with operations spanning numerous geopolitical zones. Adebutu is the Chairman of Arbico Plc and owns 69.9% of this full-service construction and civil engineering firm.
6. Pentagon Real Estate
Pentagon Real Estate, a property development company, manages Adebutu’s real estate assets. This reflects Kessington Adebutu’s vision for Nigeria’s infrastructure and urban development, which will aid the country’s growth and success.