# Femi Otedola

Acquired a majority stake in the 414-megawatt Geregu Power Plant in 2013 through Amperion Power Distribution Limited during the privatization of the Nigerian power sector; listed Geregu Power Plc on the Nigerian Exchange (NGX) in October 2022 with a market capitalization exceeding ₦250 billion. Serves as Chairman of Geregu Power and was appointed Chairman of the Board of FBN Holdings Plc in January 2024. His investment vehicles hold a controlling interest in Geregu and significant equity positions in major national financial institutions.

- Region: 234
- Affiliation: Geregu Power Plc & First Power
- Industry: Power Generation, Real Estate, Energy Investments
- URL: https://xecon.dev/234/profiles/people/femi-otedola
- Updated: 2026-05-27

## Sources

1. [Wikipedia](https://en.wikipedia.org/wiki/Femi_Otedola)
2. [Msn](https://www.msn.com/en-us/money/economy/nigerian-billionaire-femi-otedola-sells-geregu-power-stake-to-invest-100mn-in-dangote-refinery-ipo/ar-AA23J8oq)
3. [Premium Times](https://www.premiumtimesng.com/business/business-news/882091-why-i-sold-ownership-of-geregu-power-plant-otedola.html)
4. [Naijajournalist](https://naijajournalist.com.ng/femi-otedola-biography/)
5. [Naijapreneur](https://www.naijapreneur.com/femi-otedola-divests-from-geregu-power-to-fund-100m-stake-in-dangote-refinery-ipo/)