The Board

Chairman

MR. FEMI OTEDOLA, CON

Mr. Femi Otedola joined the board of Geregu Power Plc as Chairman of the Board of Directors in November 2013.

Prior to this, he was the Chairman of the Board of Directors of Forte Oil Plc from May 2007 to June 2019. His vision transformed Forte Oil Plc into one of the highest performing companies on the Nigerian Stock Exchange. The Company grew in leaps and bounds to become a model of the possibilities inherent in Nigeria, winning numerous accolades in recognition of the successful business turnaround, prompt Financial Reporting, strong Corporate Governance and investment of choice within the Oil and Gas Industry and the Nigerian Stock Exchange.

Director

MR. CHRISTOPHER ADEYEMI

Mr. Adeyemi attended Obafemi Awolowo University Ile Ife where he obtained his LL. B (Hons) degree in 1989. He became a Barrister and Solicitor of the Supreme Court of Nigeria in 1991.

Mr. Adeyemi began his legal career as Head of Green Form Advice and Assistance Team in The Legal Aid Board of England and Wales. During his stint at the Legal Aid Board, he was responsible for setting up the Green Form Advice and Assistance phone extensions team and also the Immigration Project Team.

Director

ALEX OKOH

Mr. Alexander Ayoola Okoh was appointed the Director General of the Bureau of Public Enterprises (BPE) on Thursday, April 13, 2017. Prior to his appointment, he was the Managing Partner of Ashford & McGuire Consulting Ltd, a leading, wholly indigenous management consulting firm.

He was the Managing Director/CEO of NNB International Bank Plc from 2001 to 2006, where his visionary leadership took the bank from a comatose state to a position of enhanced value for stakeholders. 

Chief Executive Officer

AKIN AKINFEMIWA

Mr. Akin Akinfemiwa is the Chief Executive Officer of Geregu Power Plc and he is responsible for the overall strategic leadership, direction and expansion for the business. He coordinates the formulation, review and implementation of the organization’s strategy, goals and objectives.

Akin serves as a Director on the Board of Amperion Power Distribution Limited and Geregu Power Plc.

Deputy Chief Executive Officer

JULIUS B. OMODAYO-OWOTUGA FCA, CFA

Mr. Julius B. (JB) Omodayo-Owotuga is the Deputy Chief Executive Officer of Geregu Power Plc. He is a CFA Charter Holder and a KPMG trained Chartered Accountant. 

He was the Executive Director, Finance & Risk Management at Forte Oil Plc between 2011 and 2019. Before he joined Forte Oil Plc, he was at Africa Finance Corporation (AFC) where he had responsibilities for the Corporation’s Assets and Liabilities Management function. He was the also the Finance Manager of the corporation between 2007 and 2009 in which role he set up the Financial Control function of the institution. 

JB joined the AFC from Standard Chartered Bank Nigeria Limited where he was a Finance Manager. Before this, he was at KPMG Professional Services where he led assurance engagements within the Nigerian financial services industry. Prior to KPMG, Mr. Omodayo-Owotuga worked in the Foreign Operations Group of MBC International Bank (now First Bank of Nigeria Limited).

He is a fellow of the Institute of Chartered Accountants of Nigeria, a Chartered Management Accountant and an associate of the Chartered Institute of Taxation of Nigeria. 

JB is an alumnus of Oxford University’s Said Business School, United Kingdom, IE Business School, Spain and the University of Lagos, Nigeria.

He holds a B.Sc. in Accounting and a Masters in Business Administration.

MR. FEMI OTEDOLA, CON

Chairman

Mr. Femi Otedola joined the board of Geregu Power Plc as Chairman of the Board of Directors in November 2013.

Prior to this, he was the Chairman of the Board of Directors of Forte Oil Plc from May 2007 to June 2019. His vision transformed Forte Oil Plc into one of the highest performing companies on the Nigerian Stock Exchange. The Company grew in leaps and bounds to become a model of the possibilities inherent in Nigeria, winning numerous accolades in recognition of the successful business turnaround, prompt Financial Reporting, strong Corporate Governance and investment of choice within the Oil and Gas Industry and the Nigerian Stock Exchange.

In 2019, with a firm belief in the power reforms of the Federal Government and overall vision “to be the foremost integrated energy solutions provider in Nigeria” he made a very strategic decision to sell his majority stake in Forte Oil Plc and invest in developing the power industry in Nigeria through the acquisition of a majority stake in the 435MW Geregu Power Plant, via an investment vehicle called Amperion Power Distribution Company Limited.  

He has held several board memberships including President of the Nigerian Chamber of Shipping and as past Chairman of Transcorp Hilton Hotel, Abuja. He was appointed Member of the Governing Council of the Nigerian Investment Promotion Council in January 2004 and in December of the same year, he was appointed a Member of the Committee saddled with the task of fostering business relationship between the Nigerian and the South African Private sectors.

He was a member of the National Economic Management Team from September, 2011 to May, 2015 and the Honorary International Investors Council under the leadership of Baroness Lydna Chalker.

Mr. Otedola was further recognized for his immense contributions to the growth of the Nigerian economy with the conferment of the prestigious National Honour of “Commander of the Order of the Niger – CON” in May, 2010.

A philanthropist with deep involvement in educational causes at all levels via the Sir Michael Otedola Scholarship  Awards Foundation, he has continued to demonstrate his passion for his community, Epe, Lagos State and Nigeria in general, committing huge financial resources to the sponsorship of promising but financially disadvantaged students.

MR. CHRISTOPHER ADEYEMI

Director

Mr. Adeyemi attended Obafemi Awolowo University Ile Ife where he obtained his LL. B (Hons) degree in 1989. He became a Barrister and Solicitor of the Supreme Court of Nigeria in 1991.

Mr. Adeyemi began his legal career as Head of Green Form Advice and Assistance Team in The Legal Aid Board of England and Wales. During his stint at the Legal Aid Board, he was responsible for setting up the Green Form Advice and Assistance phone extensions team and also the Immigration Project Team. After leaving the public sector, Mr. Adeyemi, in partnership with others, set up Agape Consulting, a Legal Practice and Management Consultancy which assists of setting up and advising over 100 Law firms in the United Kingdom.

Christopher Adeyemi is currently the Head of the Corporate and Media Law Department of the International Law and Management Firm. He has advised multinational companies on setting up businesses in the African and European markets. Mr. Adeyemi has most recently advised the Nollywood Industry on how to make international profits. He was a Non-Executive Director of Forte Oil Plc from 2009 -2019.

He is a member of the Nigerian Bar Association, member of the Black Solicitors Network (UK), and member of Immigration Law Practitioners Association (UK).

ALEX OKOH

Director

Mr. Alexander Ayoola Okoh was appointed the Director General of the Bureau of Public Enterprises (BPE) on Thursday, April 13, 2017. Prior to his appointment, he was the Managing Partner of Ashford & McGuire Consulting Ltd, a leading, wholly indigenous management consulting firm.

He was the Managing Director/CEO of NNB International Bank Plc from 2001 to 2006, where his visionary leadership took the bank from a comatose state to a position of enhanced value for stakeholders. During his career in the banking sector, he served in a variety of leadership roles, including corporate banking, operations, treasury, as well as initiating and designing transformative projects and processes.

He studied Sociology at the University of Benin and holds a Master’s degree in Banking & Finance from the University of Ibadan. He is also an alumnus of the Harvard Business School’s Advanced Management Program.

AKIN AKINFEMIWA

Chief Executive Officer

Mr. Akin Akinfemiwa is the Chief Executive Officer of Geregu Power Plc and he is responsible for the overall strategic leadership, direction and expansion for the business. He coordinates the formulation, review and implementation of the organization’s strategy, goals and objectives.

Akin serves as a Director on the Board of Amperion Power Distribution Limited and Geregu Power Plc.

Mr. Akinfemiwa is a seasoned and experienced International Petroleum Products Trader and Energy Professional with focus on power generation, oil and oil products futures, swaps and derivatives trading responsibilities with a career spanning over 22 years locally and internationally. He was previously Group CEO of Forte Oil Plc, a leading public listed downstream Oil & Gas company in Nigeria with over 450 retail outlets spread across Nigeria for 8 years where he led the company’s transformation plans and successfully turned around a moribund company to a vibrant profit-making entity.

He also served as Chairman, Forte Upstream Services and Chairman, MOMAN (Major Oil Marketers Association of Nigeria) and Director, African Petroleum Ghana, Director of Trading and Business Development at Fineshade Energy United Kingdom as well as Senior Derivatives and Products Trader at Oando Plc where he used his expertise to develop strategic trading and supply relationships for Oando Plc in the West African Sub Region.

Prior to this, Akin had worked with FSB International Bank plc as a Business Process Analyst and a sub-team leader on the Company’s Business Transformation project in 2001.

Mr. Akinfemiwa is an alumnus of the Said Business School, University of Oxford and at various times attended various management programs at the Harvard Business School, Boston and the Wharton Business School, University of Pennsylvania. He also holds a B.sc Honours degree in Mechanical Engineering from the University of Ibadan and a Master of Business Administration (Information Technology) from the University of Lincolnshire and Humberside, United Kingdom.

Julius B. Omodayo-Owotuga FCA, CFA

Deputy Chief Executive Officer

Mr. Julius B. Omodayo-Owotuga is Deputy Chief Executive Officer of Geregu Power Plc. He is a CFA Charter Holder, a KPMG trained Chartered Accountant and an experienced finance professional. He was an Executive Director, Finance & Risk Management at Forte Oil Plc.

Before he joined Forte Oil Plc, he was at Africa Finance Corporation (AFC) where he had responsibilities for the Corporation’s Assets and Liabilities Management function and doubled as the Assistant Treasurer. Prior to this, he was the Finance Manager in the same Corporation. In this role, Mr. Omodayo-Owotuga set up the Financial Control function of the institution. He was also responsible for Human Resources and Administration at the Corporation’s start up stage in 2007.

Mr. Omodayo-Owotuga joined AFC from Standard Chartered Bank Nigeria Limited where he was a Finance Manager. Before this, he was at KPMG Professional Services where he led assurance engagements within the Nigerian financial services industry. He also consulted for several Institutions on IFRS and Risk Management while at KPMG Professional Services. Prior to KPMG, Mr. Omodayo-Owotuga worked in the Foreign Operations Group of MBC International Bank (now First Bank of Nigeria Limited).

He is a fellow of the Institute of Chartered Accountants of Nigeria, a Chartered Management Accountant and a fellow of the Institute of Credit Administration, Certified Treasury and Financial Manager. He has attended senior management and leadership programs at Harvard Business School and other top global business schools.

He holds a B.Sc. in Accounting from the University of Lagos.