Nigerian billionaire Oba Otudeko's Honeywell Group acquires 14% of Ikeja Hotel
Billionaires Africa | 03.07.2026 04:26
Honeywell Group, the investment holding company founded by Nigerian billionaire Oba Otudeko, has acquired a 14 percent stake in Ikeja Hotel Plc, the NSE-listed hospitality company that owns Sheraton Lagos Hotel, Sheraton Abuja Hotel and Federal Palace Hotels and Casino, in a transaction valued at approximately N13.2 billion based on the company's share price at the time of disclosure.
