Femi Otedola Hosts Elumelu In Dubai, Calls Him ‘African Pride’

Nigerian billionaire businessman Femi Otedola opened his doors to fellow mogul and philanthropist Tony Elumelu in Dubai on Thursday night, setting social media abuzz with their high-profile meeting.

On Friday, Otedola, who chairs FBN Holdings Plc, shared a post on Instagram, describing Elumelu as “African Pride” while expressing delight in hosting him at his Dubai residence.

“It was a pleasure to host my good friend ‘African Pride,’ Tony Elumelu, at my Dubai residence last night. Building bridges, sharing visions, and celebrating excellence!” Otedola wrote.

The gathering holds significance considering the history of business rivalry and personal tensions between the two titans.

In 2023, Otedola made headlines after revealing details of his disagreement with Elumelu over the control of Transnational Corporation of Nigeria (Transcorp).

At 62, Otedola has built his status as a major player in Nigeria’s corporate world, with interests in energy, banking, and philanthropy.

Similarly, 61-year-old Elumelu, who chairs United Bank for Africa (UBA), remains a driving force in Africa’s finance and investment scene.

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Source:guardian.ng

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