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Nigerian Billionaire Businessman, Femi Otedola’s Speech At His Daughter, Temi’s Wedding To Singer Mr Eazi (Video)

A video of billionaire businessman Femi Otedola delivering a speech at his daughter Temi’s wedding to singer Tosin Ajibade, popularly known as Mr Eazi, has surfaced online.

Temi and Mr Eazi had their much talked about white wedding in Iceland on August 8.

As the father of the bride, the billionaire businessman pointed out that it is evident that Temi and Mr Eazi are truly in love with each other. He asked his daughter to succumb to the wishes and caprices of your husband.

‘’You found a great guy, a very great guy, blessed guy, comes from a decent family.One thing I will advice you Temi is, you have to succumb to the wish and caprices of your husband. He is your husband. He is your boss. There is no more daddy o..don’t call me.

One thing I like about both of them and have observed is that they are truly in love with each other. Temi is an entrepreneur, Tosin is an entrepreneur. So you match each other. This is made in heaven.

For Tosin, you are going to go places. I have seen the entrepreneurial skill in you. When we were much younger, we used to think we used to hustle but not like your generation. You are hustlers, real hustlers and it has always paid off.

Continue to love Temi. When you have issues and problems, just keep it within yourself. Never call any friend to say I have this problem. Just keep it within your walls and God will bless you and bless your marriage.”

He went on to hand them his wedding gift which was his bestselling book, ‘Making It Big: Lessons from a Life in Business’.

Watch the video below:

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Temi Otedola Drops Father’s Name After Marriage To Mr Eazi

One of the daughters of billionaire Femi Otedola, Temi Otedola, has officially dropped her surname.

Checks on her Instagram page, shows that Temi has now added ‘Ajibade’ to her name, after she got married to Nigerian singer Mr Eazi.

Mr Eazi’s real name is Oluwatosin Ajibade.

The couple tied the knot in a couple of lavish weddings across Monaco, Dubai, and Iceland this year.

The traditional marriage took place at the Otedola’s residence in Dubai, UAE.

But the church ceremony, which had family and friends in attendance, was held in Iceland.

Temi has now publicly showed her commitment to Mr Eazi by taking his surname, sparking fresh debates on social media.

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Why I Didn’t Go to University — Femi Otedola

Nigerian billionaire businessman, Femi Otedola has opened up that he didn’t attend a university.
He confessed that his lack of flair for academics is the reason he did not attend university.
Otedola, who is the chairman of First Bank Holding, disclosed this in his 286-page memoir released on Monday.
He said he stopped school after the Lower Sixth examination and did not return for the Upper Sixth.
According to Otedola, at that time, all he wanted was to be involved in his father’s printing press.
“My parents enrolled me at the University of Lagos Staff School in 1968, at the age of six.
 
“But there was something about academia and me; we were not compatible. I finished primary school in 1974 because I repeated a class. Even when I was allowed to pass, I consistently anchored the bottom rungs of our end-of-term examination results. My interests were definitely not in academia.
 
“I started Form 1 at age 12 and was there for three years.”
 
“I started in Form 3 at Olivet, and as I rounded off the first year of my A Levels, my father was establishing his printing company, Impact Press, in Surulere, a residential and commercial district in Lagos State. I grew fascinated with the machines and told myself that my future would be inextricably tied to them. I managed to remain in school until the Lower Sixth examination was over. And then, I was finished; I never returned for my Upper Sixth. “All I wanted to do was get involved in business. “My father kept watch over me and drew me close,” he said in the book.
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“If Nigeria was working, I wouldn’t control diesel market” — Femi Otedola

Billionaire businessman Femi Otedola has said his control of Nigeria’s diesel market was not driven by a grand ambition but by “necessity” and the urgent need to respond to the country’s chronic infrastructure and energy failures.

In his upcoming memoir, Making It Big, Otedola recounts how widespread power outages, fuel scarcity, and a broken supply chain in an oil-rich nation created an urgent need he decided to fill.

“If Nigeria had been working well, I would have no business controlling the diesel market. There was no good reason for diesel to be scarce in an oil-producing country. But scarce it was. I simply saw a gap and capitalised on the inefficiency in the system,” he states.

He recounts how the 1993 military coup led by General Sani Abacha and the collapse of finance houses pushed him to seek a business entirely his own.

“In a sense, it took the coup for me to start thinking of a line of business that would be entirely my own, not connected to my father or the family in any way,” he says.

Contrary to claims that backdoor deals gave birth to Zenon Petroleum, he described the venture as a “blood, sweat and tears” effort, built through strategic investments and persistence.

In his words: “The collapse of the finance houses provided the opportunity for me to put my brains and talent to use. I was not going to get involved in collecting deposits and promising big returns. Not many know this behind-the-scenes origin story of Zenon, and how we came to dominate the market. Some seem to think we came out of nowhere and were handed a monopoly on a silver platter. In fact, there is a story behind every success… It took blood, sweat and tears for me to build Zenon from the ground up.”

He also advises aspiring African entrepreneurs to be discerning about their networks, warning, “You will encounter people who are waiting like angels to open the door and others intent on slamming it shut in your face.”

Beyond his personal story, the memoir also critiques Nigeria’s systemic dysfunction, from fuel scarcity in an oil-rich nation to chronic power outages, portraying his rise as both a testament to resilience and an indictment of governance failures that create space for private empires to thrive on public sector weaknesses.

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‘You’re A Stupid Boy’ — Otedola Recounts His Encounter With Obasanjo In New Book

Billionaire businessman, Femi Otedola has shared details of a heated encounter with former President Olusegun Obasanjo over diesel deregulation, in his forthcoming memoir titled Making It Big: Lessons from a Life in Business.

In excerpts from the book, Otedola recalled that Obasanjo lashed out at him in 2004 following reports of diesel scarcity across Nigeria.

At the time, the federal government had recently deregulated diesel importation based on advice from Otedola and other private sector players.

Otedola’s company, Zenon Petroleum, had assured the presidency that private firms could meet national demand without the involvement of the Nigerian National Petroleum Corporation (NNPC), which was then the sole importer, operating under a subsidy regime.

“When President Obasanjo deregulated diesel in 2004, Zenon took an unassailable lead in the market,” Otedola wrote.
“My opponents’ reaction was to tell the president that we’d turned the market upside down… and that industries were shutting down because there was no diesel.”

According to him, Obasanjo called him around 2am, visibly furious. “‘You’re a stupid boy! God will punish you!’ he shouted. ‘You persuaded me to deregulate diesel, and now there’s no diesel in the country!’”

Otedola said he flew to Abuja the next day to clarify the situation. “As soon as Obasanjo saw me, he flew into a rage again… I allowed him to cool down, and when he stopped talking, I explained the situation,” he wrote.

He told the former president that there were six ships with diesel waiting to discharge, and provided letters of credit as evidence.

He also alleged that some officials within the NNPC, opposed to deregulation, had deliberately misled the president to protect their subsidy benefits.

To counter the misinformation, Otedola said he began publishing the availability and price of diesel in newspapers to reassure the public and government of steady supply.

He described Obasanjo as a “determined and robust president” who, once convinced of a person’s integrity, stood firm in his support.

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“How banks used ‘bewitching’ ladies to woo me for deposits” – Otedola

Billionaire businessman and Chairman of First Bank of Nigeria Holdings Plc, Femi Otedola, has opened up on how banks once went to extreme lengths to secure his deposits when his business empire was booming — including sending attractive ladies to charm him.

Otedola shared this in his upcoming memoir, Making It Big: Lessons from a Life in Business, set to be released on August 18, 2025, under FO Books.

In excerpts from the book obtained by TheCable, the oil tycoon reflected on the highs and lows of his journey in the business world.

According to Otedola, there was a time banks were so desperate to win his favour that they sent “bewitching ladies” to lure him with tempting offers.

“One moment, I was the darling of the banks, who did everything in the world to court me, do business with me, give me loans, take deposits from me. They would send bewitching ladies to make their offers more convincing,” he wrote.

However, his fortunes nosedive when global crude oil prices crashed and the naira suffered heavy devaluation.

The businessman disclosed that he lost over $1 billion to a combination of oil price collapse, forex issues, interest accruals, and stock market crashes.

“All told, I lost more than US$480 million to the plunge in oil prices, US$258 million through the devaluation of the naira, US$320 million because of accruing interest, and another US$160 million when the stocks crashed,” Otedola wrote. “It was devastating, like a terrible nightmare, but a nightmare would have been better: day would break, and I would wake up. There was no waking up from this.”

He recalled how the same banks that once courted him turned cold and aggressive.

“Now I was waking up to the sight of hefty, barrel-chested men standing menacingly in front of my gate, waiting for the moment I’d step out of my compound.”

Otedola, who made his mark through Zenon Petroleum and later transformed African Petroleum into the now-defunct Forte Oil Plc, also narrated how a bad diesel shipment in 2008 purchased when oil was $147 per barrel arrived after the price crashed to $40, worsening his financial troubles.

This, combined with the naira devaluation from ₦120/$ to ₦167/$ in 2009, left Otedola battling with declining revenues and mounting foreign liabilities.

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Fuel Queues Are Now A Thing Of The Past – Otedola

The owner of Geregu Power Plant, Femi Otedola has reacted to the successful lifting of petrol from Dangote refinery.
According to him, the issue of fuel queues and scarcity is now over.

Femi Otedola stated this on Sunday, as Nigeria National Petroleum Company Limited (NNPCL) trucks loaded petrol at Dangote Refinery.

Otedola praised President Bola Tinubu for assisting the indigenous refinery achieve its feat.
“Kudos to President Tinubu for making this a reality! Fuel queues are now a thing of the past as Dangote Refinery starts loading PMS today Sunday 15 September 2024,” Otedola wrote.
The billionaire businessman had on Tuesday, September 3, recalled how he and Aliko Dangote planned to invest in the country’s refineries but their efforts were thwarted by the government.
He added that the founder of Dangote Refinery, Alhaji Dangote, liberated Nigeria from the chains of economic dependence.
“You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long. The days of bowing to foreign powers for our fuel needs are over, thanks to your vision and determination.
 
“You have dealt a death blow to the so-called local cabals who have fattened themselves for years, feeding off our nation’s economic slavery. These cabals, who have grown rich by keeping Nigeria in a perpetual state of dependence, must now face the reality that their era of easy gains is coming to an end,” Otedola stated.
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On a luxury yacht, Mr. Eazi performs for the father-in-law (Video)

mr eazi
mr eazi

As he entertains his father-in-law, Femi Otedola, for his 60th birthday on a beautiful yacht, well-known Afrobeat singer Mr. Eazi is envied.

Temi Otedola, a musician and the fiancé of one of the millionaire businessman’s daughters, presented a moving performance on board the luxurious boat Christina O.

DJ Cuppy and others provided the song’s backing while Mr. Eazi performed the acoustic version of one of his smash tunes, Legalise.

Mr. Eazi concluded by thanking his father-in-law for giving him the chance to take the trip.

Check out the video below.

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Otedola releases pre-birthday pictures of his family on a N2.2 billion yacht (Video)

Prior to his 60th birthday on November 4, 2022, billionaire businessman Femi Otedola displays his penchant for luxury while sailing on a hired luxury yacht with his family.

According to reports, the oil tycoon and his family spent three weeks sailing the Mediterranean on the luxurious Christina O. yacht owned by Aristotle Onassis to commemorate his milestone 60th birthday.

Femi Otedola shared images on Instagram showing some of the ship’s crew members and members of his family, including his wife and three daughters—Temi, Dj Cuppy, and Tolani—as well as one of their fiancés, Mr. Eazi.

https://twitter.com/postsubman/status/1588046426525020160?s=46&t=Y_7_T6abmWis3A3VrJLjHw
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Temi Otedola’s bio, age, education and other interesting facts.

Do you know Temi Otedola? 

Temiloluwa The famed entrepreneur and Nigerian millionaire Femi Otedola’s daughter, Elizabeth Otedola, better known as Temi Otedola, was born. 

Temi is an actor from Nigeria who also blogs and wants to be a fashion designer. Currently 26 years old, she was born on March 20, 1996. 

Her siblings are well-known public celebrities, and she is from Lagos State. They are: Ifeoluwa Florence (DJ Cuppy), Tolani Otedola and Prince Otedola. 

Temi, DJ CUPPY, Tolani and Femi Otedola.

The two Otedolas are her parents, Femi and Nana.

Who is Temi Otedola’s boyfriend? 

Temiloluwa Elizabeth Otedola is dating business visionary and performer Oluwatosin Ajibade, also known professionally as Mr Eazi. 

Mr Eazi and Temi Otedola at a concert.
Mr Eazi loosing Temi Otedola’ hair.

On May 8, 2022, she proposed to her lover, Mr Eazi. It is speculated that they will marry in the first quarter of 2023.

Net worth of Temi Otedola? 

Before he became famous, her father, Femi Otedola, was always prospering financially. But now that she is earning money from her blog and acting gigs, she is a budding celebrity.

Facts about Temi Otedola you might not be aware of:

Temi Otedola’s father is the founder of Zenon Petroleum and a multibillionaire. 

Temi is a social media influencer with around 1 million followers across her several accounts. 

Citation, her debut film role, has now been made available on Netflix. 

Temi is a huge fashion enthusiast who expresses her love through her attire. Temi started a fashion blog called JTO Fashion. 

She met Mr. Eazi at her sister’s concert years ago, and they have been dating since since. 

Temi enjoys reading and has a passion for books. She said in her CNN interview that reading is how she unwinds.

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