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Otedola Shares Journey From School Dropout To Business Mogul

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Billionaire Femi Otedola has revealed his journey to building a multi-billion-dollar empire began without a university degree or even a completed high school education.

In his newly released memoir titled ‘Making It Big’, cited by The PUNCH on Tuesday, the 62-year-old energy mogul shares how his academic struggles led him to abandon formal education and dive into the world of business, where he ultimately found his calling.

In the 286-page book, Otedola recounts his early years at the University of Lagos Staff School, starting at the age of six in 1968, and notes that despite being classmates with notable figures like Kola Abiola, son of the late business magnate Moshood Abiola, he struggled academically.

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“Academia and I were not compatible,” he writes, noting that he repeated a class and consistently ranked at the bottom of his class, sparking his pivot toward a different path.

READ ALSO:Otedola Bridge Fire: Survivors Recount Harrowing Experiences

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,” he added.

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He noted that after finishing primary school, he proceeded to Methodist Boys’ High School, Lagos, even as his academic struggles continued.

The school had been founded almost a hundred years earlier, in 1878. Alumni include grand names in Nigerian history: Benjamin Nnamdi Azikiwe, Mobolaji Johnson, Ola Rotimi, Fola Adeola, Olusegun Osoba, and Hezekiah Oladipo Davies. When I joined the student body in 1974, the principal was D. A. Famoroti, who’d taken up the post in 1963 and would leave in 1980,” he recalls. “I started Form 1 at age 12 and was there for three years,” he said.

He pointed out that in 1977, after it became clear that his performance was not improving, his parents transferred him to Olivet Baptist High School, Oyo, a boarding school founded by Southern Baptist missionaries in 1945.

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READ ALSO:Singer Mr Eazi Weds Temi Otedola In Iceland [VIDEO]

My parents’ thinking was that all my siblings were boarders, and they seemed to be doing well,” Mr Otedola writes. “They thought this change would help turn around my attitude towards academia, but nothing changed.

“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.

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“All I wanted to do was get involved in business. My father kept watch over me and drew me close. My sister taught me shorthand. I knew how to type and began typing letters for my dad. I prepared all his business correspondence. I was fascinated by the way printing machines treat paper. The white paper is placed on one end, the ink and plates are fixed, and the printed material comes out of the other end. It was captivating,” he stressed.

Despite his mother’s protests and tears, Otedola abandoned school to work full-time in his father’s printing business. He rose quickly, becoming managing director of Impact Press in 1987 at the age of 25.

READ ALSO:Otedola Gifts Cuppy £5m Home On 30th Birthday

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However, I soon became restless. I had immersed myself in all aspects of the business and learned the ropes at my dad’s right hand. I certainly enjoyed the job more than grappling with the Pythagoras theorem and struggling through homework at Olivet. As time went by, though, I also thought it was time for a measure of independence from my dad.

“I still wanted to work for him — I really enjoyed hearing the rumbling of machines and savouring the smell of freshly printed material — but I also wanted to do things differently. I told him I wanted to become a sales consultant for the press, and he agreed. He said he would pay me a commission of 10–15% on any work I brought in.

“That was a significant break for me. I invested my money in buying cars for sales and marketing outreach and moved on to the next phase in my nascent professional life.”

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With his new role, he began bringing in jobs from major companies and advertising agencies, particularly in calendars and diaries.

READ ALSO:Pregnant Woman, Five Others Killed In Nasarawa Farmer-herder Clash

We could hardly keep up with the demand. Our unique selling point was quality, thanks to the state-of-the-art machines we owned. We were also always on time with job delivery. We were engaged in healthy competition with Academy Press, a company located in the Ilupeju area of Lagos.

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“I served as my dad’s sales exec up until 1991, when he started his Lagos State gubernatorial campaign. It was a run for office — ultimately successful — that I had initiated.”

According to him, the break in his family business gave him the confidence and foundation to strike out on his own. In 1994, he founded Centre Force Ltd. with ₦10 million in starting capital.

From those beginnings, he built a vast business empire in oil and gas, shipping, real estate, finance, and philanthropy. He went on to chair Forte Oil, invested in power through Geregu Power Plc, and today chairs the board of FirstHoldco Plc, one of Nigeria’s largest financial groups.

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READ ALSO:I Still Call My Mum To Ask How Long To Boil Rice – DJ Cuppy

The businessman’s disclosure of his educational history may come as a surprise to many who long believed he was a university graduate. At one point, his Wikipedia page even suggested he studied at the University of Lagos.

But in “Making It Big”, Mr Otedola insists his true classroom was not a lecture hall but the business floor. His lessons, he says, came from watching his father, trusting his instincts, and learning from both failures and triumphs.

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I never returned for my Upper Sixth. All I wanted was to get involved in business,” he writes. That decision, once a source of his mother’s tears, would lay the foundation for a career that has made him one of Africa’s most influential businesspersons.

In the end, Mr Otedola’s memoir delivers a striking message: formal education may have eluded him, but discipline, persistence, and the hunger to build made him — in his own words — “make it big.”

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[JUST IN] ADC Leadership Battle: Mark, Bala Await Fate As Supreme Court Reserves Judgment

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The Supreme Court on Wednesday reserved judgment in the appeal filed by the National Chairman of the African Democratic Congress, ADC, David Mark, challenging the jurisdiction of court to intervene in the internal affairs of the party.

A five-member panel of the apex court led by Justice Garba Mohammed reserved its verdict shortly after lawyers representing parties adopted their briefs of argument for and against the appeal.

Jibrin Okutepa, SAN, who represented David Mark, in urging the court to allow the appeal, submitted that the apex court had in a judgment on March 21, 2025 put an end to the issue before the court when it held that “no court has jurisdiction to entertain cases bordering on internal affairs of political parties”.

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Okutepa therefore urged the apex court to allow the appeal and hold that the Abuja Federal High Court lacked the jurisdiction to entertain a suit bordering on the ADC’s internal matters.

READ ALSO:ADC Convention: Chaos As Massive Crowd Struggles To Gain Entrance Into Congress [VIDEO]

Robert Emukpero, SAN, who represented the 1st respondent, Nafiu Gombe however, urged the apex court to reject the appeal and affirm the judgment of the lower court, which held that the case of the appellant was premature and dismissed it.

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It will be recalled that a three-member panel of the appellate court had dismissed Mark’s appeal, challenging the jurisdiction of the Abuja Federal High Court presided by Justice Emeka Nwite, to entertain the suit filed by Bala against the leadership of the ADC.

The appellate court in its decision held that the appeal was not only premature but was brought without leave of the trial court.

The appellate court subsequently ordered that the matter be returned to the trial court for expeditious hearing, adding that parties should maintain status quo.

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READ ALSO:INEC Chair Amupitan Must Be Removed, Prosecuted – ADC Reps

Following the order for status quo, the electoral umpire subsequently de-recognized the ADC leadership headed by Mark, pending the resolution of the matter by the court.

Dissatisfied, Mark approached the Supreme Court to challenge the ruling of the appellate court as well as an order staying the order for maintenance of status quo.

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Rather than taking the motions filed in the appeal, the apex court directed parties to file their briefs for and against the appeal.

After taking arguments from the parties, Justice Garba announced that judgment is reserved to a date that would be communicated to parties.

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UNIMAID, Federal Polytechnic Matriculate 82 Degree Students

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University of Maiduguri (UNIMAID) in affiliation with the Federal Polytechnic, Bauchi has matriculated 82 students into the degree programmes across five courses.

Speaking during the matriculation ceremony at the Federal Polytechnic Bauchi on Tuesday, Professor Muhammad Laminu Mele, the Vice chancellor, University of Maiduguri, charged the matriculated students to strictly adhere to the rules and regulations guiding the two institutions to enable them achieve the set objectives.

The VC, who was represented by Professor Muhammad Ahmad Waziri, Deputy Vice Chancellor Academic Services, warned that any student or group of students trying to breach the peace of the two institutions would face the full wrath of the law.

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READ ALSO:NEDC Hands Over Mega School To Bauchi Govt

The Don further assured that the University and its affiliated institutions would continue to make easy access to higher quality education to the teeming population across the country.

In a remark, the Rector of the Polytechnic, Alhaji Sani Usman, said they were affiliated with the university to pursue academic excellence, describing the affiliation as a huge pillar in the education reforms.

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READ ALSO:Bauchi Govt, UNICEF Strengthen Education Platforms To Improve Learning Outcomes

The Rector, who was also represented by Dr. Dalhatu Saidu, the Deputy Rector of the Polymeric, commended the university of Maiduguri for not only improving the UNIMAID’s conducive learning environment but expanding the horizon to different higher institutions of learning across Nigeria.

He therefore advised the newly matriculated students to pursue knowledge, to interact freely with the Polytechnic staff, be vigilant and be a brother’s keeper, adding that this would help to achieve the desired objectives.

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The affiliated courses included BSc Mass Communication, BSc Accountancy, BSc Public Administration, BSc Business Administration and BSc Banking and Finance respectively.

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Trouble Looms As Egbesu Group Drags FG To Court Over Resource Control, Others

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Group known as Supreme Egbesu Assembly (SEA) has dragged the Federal Government and the National Assembly to a Federal High Court, Yenagoa, over failure to create additional 24 Local government councils in Bayelsa State as the need for Ijaw to control natural resources in its territory.

The Originating Summons marked: FHC/YNA/CS/63/2026 was filed on Tuesday April 21, 2026 by the plaintiffs including; Felix Tuodolo, Weri Digifa, Ebi Waribigha, Kabowei Akamade, Rosebella Jackson, Thomas Jacklloyd, Primrose Kpokposei, David Imole and Welman Warri at the Federal High Court Yenagoa.

Joined as defendants in the suit are the National Assembly, the Clerk of the National Assembly and the Attorney General of the Federation.

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In the court documents, the Egbesu Assembly premised their action on the alleged failure of the federal government particularly the National Assembly to deliberate, approve and amend the relevant provisions of the 1999 Constitution (as amended).

This, according to them, is to allow for resource control as well as the creation of additional LGAs in the state to fulfil the requirements in line with the Constitution.

READ ALSO:FG Bans Unauthorized Use Of Ambassador Title

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The group is therefore seeking, among others, the amendment of the constitution by the National Assembly to allow for the right to resource control.

The Supreme Egbesu Assembly described the suit action as a promise kept.

Mranwh, In a press statement announcing the institution of the lawsuit on Tuesday, the Egbesu Assembly recalled that, on 12th February 2026, it wrote to both the Federal Government and the National Assembly wherein its gave a 21-Day ultimatum for the duo to respond to the age-long demands for resource control and creation of additional LGAs or face a lawsuit.

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The statement partly reads: “Recall that on 12th February 2026, we did inform you that we have written to the National Assembly and the federal government on the need for the creation of an additional 24 Local Government Areas in Bayelsa State as well as the control of our God-given natural resources in Ijaw territory.

“We promised that if the National Assembly and or federal government did not respond to these age-long demands, we were going to seek legal actions to address our demands.

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We gave a time frame of twenty-one days for them to respond to us—we got no response!

“Today the Supreme Egbesu Assembly (SEA) has kept to its promise.

“We instituted an action at the Federal High Court Yenagoa against the National Assembly and the Federal Government after the expiration of the 21 days. Today we were in court for the first hearing of both cases.”

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According to the group, creation of additional local government areas for Bayelsa is as old as the creation of the State itself.

The SEA maintained that “there is nowhere in any democracy where a state is limited to just 8 LGAs: more pathetic is the fact that Bayelsa State is an oil bearing State.

“Bayelsa State presently has twenty four Rural Development Authorities (RDA) which can be easily converted to Local Government areas thereby making the State eligible to participate in the sharing of allocation and the development of their areas for the purpose of justice and equity.

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Gentlemen, we wish to inform you that our suit on Resource Control is a revival of our age long agitation.”

The group further stated that Nigeria can no longer operate a system where contributors to the national coffers are not in charge of their resources.

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The group added that the lawsuit is therefore for the Ijaw people.

The Ijaw Nation must be free from all economic strangulation carried out against them by successive Governments,” they added.

The SEA called on all Ijaws to be steadfast and resolute, and continue to support the process by attending all court sessions, stating that “your solidarity is very vital at this point of time in our history. “

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The group also called on other Ijaw organizations, communities, Niger Delta people, organizations and all people of goodwill “to join in the march to control and manage our despoiled and mismanaged natural resources.”

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