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Profiling Oba Otudeko, The Founder and Chairman of Honeywell Group

Oba Otudeko (CFR) is the Chairman, FBN Holdings Plc and Honeywell Group Limited. He is a foremost and visionary Nigerian entrepreneur reputed for his highly successful domestic and foreign investments cutting across diverse sectors of the economy.

He served on the Board of FirstBank between May 1997 and December 2010 when he retired as Chairman. He was also the founding Chairman of FBN Bank (UK) Limited. He has, at various times, served on the Boards of Central Bank of Nigeria (1990–1997), Guinness Nigeria Plc. (1999–2003), British American Tobacco Ltd (2001–2004) and Ecobank Transnational Incorporated, headquartered in Lome, Togo (2002–2010). Between September 2006 and August 2009, he was the 16th President and Chairman of Council of The Nigerian Stock Exchange.

Dr. Otudeko holds the Nigerian National Honour of Commander of the Order of the Federal Republic (CFR) awarded in 2011. He is a Chartered Banker, Chartered Accountant and Chartered Corporate Secretary. He was Chancellor of the Olabisi Onabanjo University, Ogun State and currently serves as a member of the Office of Distinguished Friends of London Business School (UK). Dr. Otudeko is the founder of Oba Otudeko Foundation (OOF), a not-for-profit organization.

Oba Otudeko was 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 once a Chairman of the Business Support Group charged with the responsibility of delivering the National Integrated Infrastructure Master Plan (NIIMP).

In 2013, he was made Chairman of the Digital Africa Conference Exhibition in Abuja, Nigeria

In 2014, his company Honeywell Group was listed among the top 100 companies in Nigeria. He is happily married with children.

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.

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


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