Oba Otudeko: 7 Companies owned by the Nigerian Multi-millionaire

Renowned Nigerian multi-millionaire and business tycoon, Oba Otudeko has made significant contributions to the Nigerian business landscape. The Nigerian businessman recently made headlines when the Nigerian Stock Exchange made an announcement on Saturday, revealing that the Nigerian tycoon-controlled investment company had acquired a significant 13.3-percent stake in FBN Holdings, thus becoming the prominent shareholder of the financial institution.

As the founder and chairman of the Honeywell Group, a conglomerate, with interest in multiple industries and Honey Flour Mills as its premier and most profitable company. Honey Flour Mills specialised in flour-based products, including baking flour, ball foods, noodles, and pasta, garnering widespread recognition and substantial financial success. However, last year, under the leadership of Greek investor John Coumantaros, Flour Mills of Nigeria Plc, an agro-allied group, successfully secured a controlling stake in Honeywell Flour Mills. This acquisition resulted in a personal gain of $53 million for Otudeko, the company’s owner.

This article would highlight some of the high-prized business the Nigerian business magnate has in his portfolio. Let’s dive in.

Broadview Engineering Limited

As an engineering firm that plays a vital role in Nigeria’s oil and gas industry, Broadview Engineering specialises in project management, engineering, procurement, construction, and maintenance services. The company focuses on providing comprehensive solutions to oil and gas companies in the country. 

The company’s expertise lies in pipeline projects, encompassing a wide range of services such as laying, testing, pre-commissioning, civil and mechanical work, electrical and instrumentation installations, cathodic protection systems, fibre optic cable systems, and horizontal directional drilling for river crossings.

HOGL Energy Limited

Prominent downstream oil and gas operating company in Nigeria, HOGL Energy Limited primarily focuses on marketing and distributing white fuels, including diesel, kerosene, petrol, and lubricants. HOGL serves industrial and commercial customers. 

The company operates strategically located tank farms in Apapa, Lagos, and Calabar, Cross Rivers State, with a total storage capacity of 48,000 metric tons. In addition, HOGL owns a state-of-the-art lubricant blending plant in Ilupeju, Lagos, boasting an impressive capacity of 8,800,000 litres.

Rosetti Pivot Nigeria Limited

The company, Rosetti Pivot Nigeria Limited is a renowned provider of engineering, procurement, and construction services to the oil and gas sectors in Nigeria and Sub-Saharan Africa. As a joint venture between Rosetti Marino S.p.A and Pivot GIS Limited, the company brings together expertise and experience in delivering top-notch solutions. 

Rosetti Pivot specialises in designing, fabricating, manufacturing, and supplying platforms and systems specifically tailored for the oil and gas industry. With a commitment to quality and innovation, Rosetti Pivot Nigeria Limited has established itself as a trusted partner in meeting the diverse needs of the energy sector in the region.

Anchorage Leisures

Renowned hospitality company, Anchorage Leisures specialises in the development of luxury hotels. The company’s flagship development is the Radisson Blu Anchorage Hotel, Lagos, a prestigious five-star hotel located in the vibrant heart of Victoria Island. With its 170 beautifully appointed rooms, the hotel offers world-class accommodation and exceptional amenities to its discerning guests. 

Anchorage Leisures operates in partnership with Radisson Hotel Group, a globally recognized hospitality conglomerate renowned for its excellence in the industry. Through its dedication to providing unparalleled luxury experiences, Anchorage Leisures has established itself as a leader in the Nigerian hospitality landscape.

Uraga Real Estate

A distinguished real estate development firm, Uraga Real Estate specialises in creating exceptional residential and commercial properties for sale and lease. One of their notable achievements is the development and ownership of the Upbeat Recreation Centre in Lagos. This iconic facility boasts West Africa’s first trampoline park, providing exhilarating entertainment for visitors. 

Additionally, the centre features an indoor trampoline park, an outdoor basketball court, a five-a-side football pitch, and retail spaces available for lease. Uraga Real Estate’s commitment to delivering innovative and vibrant spaces underscores their reputation as a leading player in the Nigerian real estate market.

Shoreline Logistics Nigeria

As a prominent player in the field of port facility operation and logistics base services in Nigeria, Shoreline Logistics Nigeria specialises in providing comprehensive coastal services and tailored logistics solutions to meet the diverse needs of its clients. 

With operational bases strategically located in Calabar, including NPA Old Port and Mclver Jetty, Shoreline Logistics Nigeria serves as a reliable partner for clients’ Tropical West Africa (TWA) operations. 

Pavilion Technology

A leading provider of comprehensive vertical technology and security infrastructure solutions for businesses, Pavilion Technology focuses on delivering end-to-end solutions, leveraging cutting-edge technologies such as artificial intelligence and machine learning to optimise digital workplaces and cloud environments. 

The company offers smart data platforms that enable businesses to harness the power of data for strategic decision-making. Moreover, Pavilion Technology specialises in designing and building state-of-the-art technology infrastructure, incorporating robust cyber and electronic security systems. Their expertise facilitates the seamless implementation of Internet of Things (IoT) initiatives, enabling businesses to thrive in the era of digital transformation.