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Femi Otedola, Kids & their love for arts

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Whenever people hear the name Otedola, what comes to mind is money– lots of it. Well, they are right to link the name with wealth because Femi Otedola is indeed a wealthy man.

Forbes rated the owner of Geregu Power Plc the world’s #1011 billionaire in 2016. He had been ranked 16th among Africa’s 50 Richest Persons of 2015 by the same publication. Though he dropped off the World’s Billionaires list in 2017 due to Nigeria’s economic recession which affected his oil company, he remains very wealthy and a generous giver.

Apart from Otedola’s vast wealth, his philanthropy is also legendary. Last year, he again assisted veteran actor, Sadiq Daba, who was diagnosed with chronic obstructive pulmonary disease. Earlier in April, the business tycoon had offered to foot the medical bill of former Super Eagles’ Coach, Christian Chukwu. He had also previously offset the medical bills of former international goalkeeper, Peter Fregene, and veteran actor, Victor Olaotan.

What appears not to be well documented about the business mogul is his love for the arts and permission for his children to fully express their creativity. Though the son of ex-Lagos State Governor, the late Sir Michael Otedola alluded to his appreciation of the arts in his statement when he assisted Daba the second time, most people view him just as a consumer of the arts, not an active promoter of creativity.

Otedola had said: “Though I don’t know Mr Daba personally, he is a face I am familiar with through the old TV drama, ‘ Cock Crow at Dawn’ I used to watch while growing up. I was moved by a sense of nostalgia and concern when I read of his medical situation recently and decided to take over his medical bills.”

Unlike several well-heeled parents who won’t allow their children to dabble into the creative arts, Otedola is actively supporting his children in their artistic pursuits. Don’t be surprised that apart from wealth, the name Otedola might soon become synonymous with art.

His second daughter, Florence Ifeoluwa, better known as Cuppy, is a DJ, music producer and songwriter. The artist, who started quite early, favours an open-format DJ style and seamlessly fuse commercial hits with innovative remixes. She released her first compilation, ‘House of Cuppy’ in 2014. It was launched successfully in London, New York and Lagos. In 2015, Cuppy embarked on an 8-country tour; Cuppy Takes Africa. Senegal, Ghana, Kenya, Tanzania, Rwanda, Uganda and South Africa were among the countries she visited

Cuppy, who holds a Masters in Music from New York University, has interned at Jay-Z’s Roc Nation, performed at SXSW Festival and starred as the resident DJ on MTV’s ‘Uncommon Sense’ Show. She released her first official single, ‘Green Light’ featuring Tekno in 2017 and ‘Vybe’ featuring Ghana’s Sarkodie in 2018. She has since released other singles including ‘Currency’ featuring LAX, ‘Werk’ alongside Skuki; ‘Charged Up’ with MasterKraft; ‘Abena’ featuring Kwesi Arthur, Shaydee, Ceeza Milli and ‘Gelato’ featuring Zlatan Ibile. She also had a gig at President Muhammadu Buhari’s inauguration in 2015.

Otedola’s third daughter, Temi, is a designer and owner of the JTO Fashion style blog. She has a degree in Art History from University College London and had an internship at Oscar de la Renta on Mount Street. Impressively, the designer who has also taken a shine to acting is currently on location with Kunle Afolayan as he shoots his latest film, ‘Citation’. Written by Afolayan’s long term collaborator, Tunde Babalola, ‘Citation’ explores the prevalence of sexual harassment, especially of female students, in universities. It is being shot in Nigeria, Senegal and Cape Verde. The debutant actor is playing, ‘Moremi’, a role Afolayan says is major. Interestingly, one of her father’s favourites artists, Sadiq Daba, is also featuring in the movie.

Unlike her two younger sisters, Otedola’s oldest daughter, Olawumi Christine, is not very visible on the arts/entertainment scene. Interestingly, she’s also a singer based in the UK. In August 2016, when she had her showcase in London, proud Daddy, Femi; and her two sisters were in attendance.

Otedola’s only son, Fewa, who is autistic, has been reported to be a music lover too. However, evidence (s) of his reported appearance on America’s Got Talent could not be found.

But even at that, there’s no disputing the fact that the easy-going billionaire is raising a clan of artists whose art will mature as they grow older. Long may they thrive.

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BBC To Cut 500 Jobs As It Attempts To Save £200m For ‘Transformation’ Of The Corporation

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The BBC has announced plans to cut 500 jobs as it attempts to save £200 million to drive the “transformation” of the corporation.

Chief operating adviser, Leigh Tavaziva said it is making the changes to improve its premium video offering and digital capabilities.

It comes as the BBC is already attempting to save £500 million as part of a plan announced two years ago.

Tavaziva said “significant activity” is already underway to make the corporation “more flexible”.

She said: “In March this year we announced a requirement for an additional £200 million of savings and reinvestment plans to drive the continued transformation of the BBC.

“This will support greater investment into premium video content and further develop our digital capabilities.”

She added: “To further build our digital capabilities, whilst targeting efficiencies, over the next two years we will continue to close and transfer roles in some areas and create new roles in growth areas.

“This will result in a forecast net reduction of 500 roles in the public service by March 26, with further growth in targeted areas planned in our commercial group.

“To support these changes we will today be launching a new voluntary redundancy scheme for staff.

“Our priority remains to protect and champion the BBC’s fighting role as the UK’s public service broadcaster, for all our audiences both local and global.

“I would like to thank all colleagues for their continued efforts and commitments over the past 12 months.

“I am immensely proud of the exceptional content creativity, delivery, and innovation that our teams both provide and support every day.”

The BBC announced in March 2023 that it was to cut 1,000 hours of TV in order to save money, with half of that coming from sport.

In the same year, the corporation announced it was scrapping its in-house chamber choir, the BBC Singers, and reducing salaried orchestral posts across the BBC English Orchestras by around 20%.

In December 2022 it said that it was making £11m worth of cuts in local radio, which saw its 39 stations required to share content and broadcast less localised content.

Back in 2016, the BBC said it needed to cut £800m worth of costs, with £80m of that coming from news.

The move saw the Andrew Neil Show axed in 2020, along with 450 jobs in English regional TV news and current affairs, local radio and online news.

 

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I Have No Blending Plant Outside Nigeria, NNPC Boss Kyari Replies Dangote

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The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari has said he does not own a blending plant outside Nigeria.

Kyari stated this on Tuesday, July 23, while reacting to claims that some officials of the NNPC have blending plants in Malta.

Reacting in a post on his X handle (formerly Twitter), Kyari said he had been inundated with calls from family members and friends, asking if he truly owns a blending plant in Malta.

Kyari stated that he does not own or operate any business directly or by proxy anywhere in the world except a local mini-agricultural venture.

He also said he is not aware of any employee of the NNPC that owns or operates a blending plant in Malta or anywhere else in the world.

“I am inundated by enquiries from family members, friends and associates on the public declaration by the President of Dangote Group that some NNPC workers have established a blending plant in Malta thereby impeding procurements from local production of Petroleum products.

“To clarify the allegations regarding the blending plant, I do not own or operate any business directly or by proxy anywhere in the world with the exception of a local mini Agric venture, neither am I aware of any employee of the NNPC, that owns or operates a blending plant in Malta or anywhere else in the world.

“A blending plant in Malta or any part of the world has no influence over NNPC’s business operations and strategic actions.”

The NNPC boss threatened to sanction any official of the NNPC involved in such acts if they truly exist.

 

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Just In: Shelve Planned Protest -Tinubu Begs Nigerians

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President Bola Tinubu has appealed to Nigerians to shelve planned protests against bad governance in the country, slated for next month.

The appeal was made known by Information Minister Mohammed Idris, who briefed State House correspondents after a meeting with the President on Tuesday.

Idris said Tinubu urged the organisers of the protest to shelve the plan and await the President’s response to their complaints.

“The issue of the planned protest, Mr President does not see any need for that. He’s asked them to shelve that plan. He’s asked them to await the government’s response to all their pleas,” the minister said.

The protest against economic hardship, which is gaining traction on social media, has been scheduled to hold across all states of the Federation as well as the Federal Capital Territory (FCT), Abuja, starting from August 1.

JomogNews reports that the prices of food and basic commodities have gone through the roof in the last months.

Many Nigerians currently are battling one of the country’s worst inflation and economic crisis sparked by the government’s twin policies of petrol subsidy removal and unification of forex windows.

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