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Biography of Oba Otudeko 2020, Early Life, Career and Success Story.

Filed in Articles by on August 14, 2020

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 Biography of Oba Otudeko: Early Life, Career and Success Story.

Biography of Oba Otudeko – Ayoola Oba Otudeko is his name; he was born on August 18 1943 in Ibadan, Oyo State, Nigeria. The Oyo State-born attended Leeds College of Commerce, Leeds, Yorkshire in the United Kingdom (which is now part of the Leeds Beckett University) where he studied accountancy.

Biography of Oba Otudeko: Early Life, Career and Success Story.

Oba Otudeko CFR is a Nigerian businessman who serves as the founder and chairman of the Honeywell Group.

He also serves as chair of FBN Holdings and founder of the Oba Otudeko Foundation.[ As of June 20, h20is estimated net worth was US$650 million.

He also attended executive management training programs at the International Institute for Management Development (IMD), Lausanne in Switzerland, Harvard Business School, Boston, USA and then moving on to Arthur D. Little School of Management, USA. He is a Chartered Banker, Accountant, and Corporate Secretary.

Banking Career

Oba Otudeko has been in the banking profession for 23 years, subsequently occupying the offices of the General Manager and acting Chief Executive Officer of the then Cooperative Bank, and retiring in 1983.

 He was appointed him a Director to the Board of the Central Bank of Nigeria by the federal government.

Honeywell Group

You’ve been hearing and using Honeywell but I bet you never knew the brains behind the products you purchase; Mr. Otudeko is Founder and Chairman of the Honeywell Group, an industry manufacturing diverse products.

Position Occupied

In September 2006, Oba Otudeko was elected as President (the 16th) of the Nigeria Stock Exchange, and during his regime; he set out to salvage the issues faced by the Nigerian capital market. Oba Otudeko is Chairman of FBN Holdings Plc, was on the Board of First Bank of Nigeria Plc for 12 years, retiring as the Chairman in 2010.

He has at intervals been the Chairman of Airtel Nigeria Limited and Fan Milk of Nigeria Plc. He has also held directorship positions in private companies operating in real estate, international trade and finance, and brewing companies including Guinness Nigeria and Ecobank Transnational Inc.

Don’t forget to read about: Biography of Jim Oviah

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 Chairman of the Business Support Group (BSG) for the delivery of the National Integrated Infrastructure Master Plan (NIIMP). In 2013, he was also appointed the chairman of the Digital Africa Conference Exhibition in Abuja, Nigeria.

He was Chancellor of the Olabisi Onabanjo University, Ago-Iwoye, Ogun State From 2001 to 2010.


Oba Otudeko has received awards for the Honorary Doctor of Science (D.Sc.) from Olabisi Onabanjo University, Ago-Iwoye. Honorary Doctor of Science in Banking and Finance from Crescent University, Abeokuta, Ogun State. Doctor of Science Degree (D.Sc.) from Ajayi Crowther University, Oyo Town, Oyo State.

Entrepreneur of the Year Award at the This Day Awards in 2009, Ernst & Young Lifetime Achievement Award,  Leadership Newspaper Business Person of the Year 2015, Silverbird Extraordinary Lifetime Achievement Award, and recently, the 2016 Africa CEO Forum’s Africa CEO of the Year Award.

Personal Life

He is married to Mrs Adebisi Aderonke Otudeko and is the founder of Oba Otudeko Foundation.

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