Nigerian Billionaire Oba Otudeko

Oba Otudeko


Estimated Net Worth: $1 billion
According to Encomium magazine, Oba Otudeko’s net worth is $1 billion. Oba Otudeko is the Chairman of the Honeywell Group of Companies, a Nigeria-based conglomerate and holding company with a strong international presence. The Honeywell Group of Companies has interests in Oil & Gas, Flour Milling, Engineering, High Sea Trawling, Real Estate, and Marine Transportation.

Oba Otudeko is also Chairman of the Board of First Trustees Nigeria Limited, Pavilion Technology Limited, Fan Milk of Nigeria Plc, and Econet Wireless Nigeria Limited.

Additionally, Oba Otudeko is a Director of First Bank of Nigeria Plc; Guinness Nigeria Plc; Lagos Sheraton Hotel; Nigeria Eagle Flour Mills Ltd; Franco-Nigeria Chamber of Commerce and Industry; Khalil & Dibbo (Haulage) Ltd; and British American Tobacco Ltd.

He is also Chairman of the Nigeria-South African Chamber of Commerce. Outside Nigeria, Oba Otudeko holds directorship positions in private UK companies operating in real estate, finance, and international trade.

Oba Otudeko studied Accountancy at Leeds College of Commerce, Leeds, Yorkshire, United Kingdom. He obtained The Associateship of the Chartered Institute of Bankers (ACIB) in 1964. He holds fellowships in the institute of Chartered Accountants of Nigeria; and in the Chartered Secretaries and Administrators of Nigeria.

Oba Otudeko started his banking career with the Cooperative Bank Limited, Ibadan in 1960. He had a robust 23-year banking experience, rising to become the Deputy Chief Executive Officer of the Bank before retiring into private life. In private business, Oba Otudeko has cut a niche as a foremost entrepreneur and a consummate investor through his participation in the key sectors of the Nigerian business landscape and in corporate governance both in Nigeria and abroad.

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