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Otedola Celebrates 60th Birthday With 3-wk Super Yacht Trip Around The World + Photos

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Femi Otedola, Founder of Zenon Petroleum

Femi Otedola rents yacht off French Riviera for an estimated $3 million to celebrate diamond jubilee

Odetola is celebrating in grand style on the french riviera in a 99.13-meter-long yacht.

Femi Otedola, billionaire energy tycoon and one of the richest men in Nigeria, turns 60 today and is celebrating it in grand style on the French Riviera in a 99.13-meter-long Yacht, Christina O, formerly owned by the late Greek shipping magnate, Aristotle Onassis.

For Otedola, celebrating in the luxury Yacht is a dream come through because Onasis has been his mentor from when he was just 13, he revealed to Nairametrics.

There lies the symbolism of the billionaire’s cruise on the storied Yacht said to have been purchased by Onasis in 1954 for $34,000.

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The Christina O Yacht: The famous Yacht, Christina O, is a private motor yacht that originally belonged to millionaire Greek shipowner Aristotle Onassis, who purchased it in 1954 for $34,000. During the late 1950s, he hosted star-studded parties on board after lengthy and costly restorations. She is the 59th largest yacht in the world as of 2022, measuring 99.13 meters in length.

The yacht is luxury redefined, as it boasts of alfresco dining and bar, chaise loungers, a spacious promenade deck with an aft spa pool, the main deck, a swimming pool, Minoan bull and vaulter mosaic, and a dance floor. 2,250,000 Otedola rented the yacht for three and a half weeks for €750,000 ($745,000) per week, including taxes and fees, for a total cost of about $3 million.

Otedola was inspired to rent the yacht because he had viewed Aristotle Onassis as a role model since his teenage years and even held a vast collection of Aristotle Onassis memorabilia such as books, movies, and documentaries.

The yacht has hosted famous guests such as former British Prime Minister Winston Churchill and Franklin Roosevelt.

About Femi Otedola: On November 4, 1962, in Ibadan, Femi Otedola was born into the family of the late Sir Michael Otedola, who served as governor of Lagos State from 1992 to 1993. Femi Otedola led an audacious takeover of the former African Petroleum, in what later became Forte Oil Plc. That company has Femi Otedola is a former chairman of Forte Oil Plc. Now Adrova Plc and a businessman. In addition, he founded Zenon Petroleum and Gas Ltd. and other companies in the maritime, real estate, and financial sectors.

Business interests:  He founded Zenon Petroleum and Gas Ltd, a marketing and distribution business for petroleum products, in 2003. In 2004, he invested N15 billion in the construction of downstream infrastructure as the owner and chairman of Zenon and purchased a storage depot.

By 2005, Zenon held a significant portion of the Nigerian diesel market and supplied fuel to majority of the nation’s largest manufacturers, which include Dangote Group, Cadbury, Coca-Cola, etc.

Otedola was appointed chairman and CEO of Africa Petroleum in 2007, after purchasing a controlling interest in the company. In 2010, the name was changed to Forte Oil, and in 2020, Adrova Plc.

Personal worth: With an estimated net worth of $1.8 billion, Otedola joined Aliko Dangote as the second Nigerian to be listed on the Forbes list of dollar-denominated billionaires in March 2009. The billionaire also founded CentreForce Ltd. in 1994, with a focus on trading, investing, and finance. Additionally, the Swift Insurance Company was founded.

Otedola is the chief executive and president of SeaForce Shipping Company Ltd., where he got the title of Nigeria’s largest ship owner. He was made a non-executive director of Transnational Corporation of Nigeria Plc Transcorp) in January 2006. Transcorp is a multi-sector conglomerate founded in 2004 by former president Olusegun Obasanjo to take advantage of market opportunities that required significant capital investment in Nigeria and other countries in Sub-Saharan Africa.

Otedola has made several real estate deals, notably Zenon’s N2.3 billion purchase of Stallion House in Lagos in February 2007.

He has served as a member of the Nigerian Investment Promotion Council (NIPC) since 2004 and was appointed to join Nigeria’s National Economic Management Teamkn 2011. In October 2021, he was declared the largest single shareholder (5.07%) of First bank PLC

His latest investment is in Geregu Power Plc, one of Nigeria’s major power generation companies (Genco).

Family: Femi Otdeola is married to Nana Otedola and has four children – Tolani, Florence Ifeoluwa aka DJ Cuppy, Elizabeth Temi, and Fewa.

Ngozi Ekugo

A high-performing labour market analyst/ talent acquisition specialist providing research on labor availability, labour migration, workplace trends and career development opportunities. Having worked across various sectors such as the recruitment, consulting, investment banking (Goldman Sachs) and the media, both in Nigeria and the United Kingdom, I possess a unique blend of competencies and experience to thrive in any industry.

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• SHIPPING & PORT SERVICES

Christina O: 7 Things You Should Know About The Yacht Otedola Hired

As billionaire Femi Otedola celebrates his 60th birthday, he has been joined by his family and loved ones to tour the Mediterranean sea in the Christina O super luxury yacht he rented for N2.2 billion.

In the spirit of his birthday, Otedola hired the super yacht belonging to one of his childhood idols and the late Greek shipping magnate, Aristotle Onassis, who was one of the richest people in the world before passing away.

In a statement cited by  BizWatch Nigeria , Otedola said disclosed that the Greek shipping magnate who owned the superyacht has been his role model since he was 13 years old, which is 47 years ago.

“As I mark my 60th birthday in the coming days, I am grateful to God for his continuous blessings and the wisdom he has continued to bestow upon me.

“The days leading up to this milestone have been marked by deep reflection, and I’m looking forward to sailing the CHRISTINA O with my family for the next three weeks,” the billionaire was quoted as saying.

Below are 7 things you should know about Christina O

• Christina O is a private motor yacht that once belonged to billionaire Greek shipowner Aristotle Onassis.
• She is the 59th largest yacht worldwide as of 2022, measuring 99.13 metres long.
• The boat initially served as a Canadian anti-submarine River-class frigate called HMCS Stormont, launched in 1943.
• Onassis purchased the Stormont after the end of World War II, as it was one of the many surplus naval vessels.
• Purchasing the ship at a scrap value of US$34,000, Onassis then spent an additional $4 million to convert the vessel into a luxurious superyacht named after his daughter Christina.
• The yacht features large, ornate interiors and elaborate luxuries: such as a mosaic swimming pool that, once drained, can be raised to deck level to become a dance floor.
• Christina O has a main suite, eighteen-passenger staterooms, and numerous indoor and outdoor living areas, all connected by a spiral staircase.

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Entertainment of Friday, 11 November 2022

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Here’s the interior of the luxury yacht Otedola rented for €3 million

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Temi Otedola, daughter of Nigerian businessman Femi Otedola, shared excerpts of her father's 60th birthday party in which the interior of the Aristotle Onassis' Christina O super luxury yacht was spotted. Rented for €3 million, the epic hallways, plush bedroom suites with large closets, layered elliptical staircases, a large dining area, breathtaking ambiance, and so on couldn’t go unnoticed. Otedola, with his family, son-in-law Mr. Eazi and a few friends will be on board for three weeks to climax the rest of the birthday celebrations. Some scenes from the birthday party including cake-cutting moments, a candlelit dinner, a performance from Mr. Eazi, unraveling of gifts, and goodwill messages from friends including; Mr. Aliko Dangote, popular boxer Anthony Joshua, and music executive Don Jazzy were also captured. The famous yacht is said to be owned by one of Femi Otedola’s childhood idols, the late Aristotle Onassis, who was once regarded as the richest man in the world. Watch the video below: EB/BB

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