Leadership Timeline

What roles did Femi Otedola hold, and when?

Femi Otedola

Nigerian businessman who chairs First HoldCo Plc (formerly FBN Holdings) and is one of its largest shareholders.

CurrentCurrent answer

Currently Chairman, First HoldCo Plc (formerly FBN Holdings Plc), since 31 Jan 2024. 8 dated roles on record.

Latest source 23 Jul 2026Reviewed 26 Oct 20264 sources

Roles, most recent first

  1. 31 Jan 2024 – present
    Chairman First HoldCo Plc (formerly FBN Holdings Plc) Current

    Board named him chairman on 31 January 2024, succeeding Ahmad Abdullahi.1 2

  2. 14 Aug 2023 – present
    Non-Executive Director FBN Holdings Plc Current

    Appointed with CBN approval; endorsed by shareholders at the 15 August 2023 AGM.3

  3. Sep 2011 – May 2015
    Member, National Economic Management Team Federal Government of Nigeria Former

    Member of the economic team.3

  4. 25 May 2007 – Jun 2019
    Chairman African Petroleum Plc / Forte Oil Plc Former

    Bought a majority stake in May 2007; sold his entire shareholding in December 2018, with control passing in June 2019.3 1

  5. Jan 2004
    Member, Governing Council Nigerian Investment Promotion Council Date uncertain

    Joined the council in January 2004.3

  6. 29 Dec 2025
    Chairman Geregu Power Plc Former

    Board accepted his resignation as chairman when control of Geregu changed hands; Abdul-Aziz Yari appointed chairman.1 4

  7. Founder Zenon Petroleum and Gas Limited Date uncertain

    Founded the downstream oil company.3 1

  8. Chancellor Augustine University, Ilara, Epe Date uncertain

    Described as current chancellor in August 2023.3

Sources

  1. SecondaryJUST IN: FBN Holdings appoints Otedola as chairmanChannels Television · 31 Jan 2024
  2. SecondaryFemi Otedola buys fresh N77.6bn worth of First HoldCo shares, now owns 21.95 percent stakeThisDay via AllAfrica · 23 Jul 2026
  3. PrimaryFBN Holdings Plc - Appointment of Non-Executive DirectorFBN Holdings Plc / Nigerian Exchange · 16 Aug 2023
  4. SecondaryOtedola divests from Geregu Power, sells majority stake in $750m dealLeadership via AllAfrica · 30 Dec 2025

Record history

26 Oct 2026 Record published and reviewed.

Spotted an error? Request a correction with a source that shows the correct position. Person identifier femi-otedola.