Dere Otubu Strikes Gold with the Lagos State Government


Adebare Akinwale

It is often said that he who rides the tides of the industry, influences the thought of his times. Eventually, he commands the epochs that follow and impresses his name on eternity.

Such an individual no doubt sways the applause of the listening Senates. If he is cut of the rare stock that Otubu hails from, he effortlessly attracts the patronage of leaders of men. Billionaire businessman, Dere Otubu, is presently smiling to the bank as he just struck a new deal.

Just recently, he landed a hot deal with the Lagos State government and Dere is cleaning out big time with his Planet Projects Limited set to build all the terminals in Lagos. You could not have forgotten so soon, that after decades of decay and abuse, the popular Oshodi is to be transformed into multi-storey bus terminal by the state authorities under a Public Private Partnership initiative between the Lagos State Government, represented by Ibile Holding.

Despite his unassuming nature, Dere who is also one of the wealthy men behind Eko Electricity Distribution Company, is a closet billionaire who shies away from unnecessary attention. Also, Dere has a rich pedigree. His father is the late Baba Aladura, Humphrey Otubu, a hugely popular and revered spiritual leader in the state and beyond.

Happenings Media