Femi Otedola to holiday in elegant Rolls-Royce Phantom

Billionaire executive chairman of Geregu Power Plc, Mr Femi Otedola, is certainly one of the foremost entrepreneurs in the country.

As a former chairman of Forte Oil Plc, the 57-year-old was one of the top shareholders in the oil and gas industry – until recently when he divested from the sector to invest in energy.

The entrepreneur is also said to own a number of other businesses across shipping, real estate and finance sectors.

Recently, the businessman was in the news for donating a whopping N5bn to support the victims of Boko Haram insurgency in the North-East.

Meanwhile, being a billionaire, a life of luxury is just the standard to expect of him and unsurprisingly, he has not stopped posting pictures of his luxury life on his verified Instagram page, @femiotedola.

From pictures of amazing holiday destinations in places such as Dubai and Monaco to being with boxing champion Anthony Joshua to singing while on a private jet flight, Otedola bares some of his luxury life on social media.

In the meantime, the entrepreneur is set to celebrate the holidays in a new Rolls-Royce Phantom bought for him by his daughter, Florence (aka DJ Cuppy).

Earlier in the week, the DJ took to her verified Instagram page, @cuppymusic, to announce the luxury car purchase for her father.

Posing with the car with customised number plate, IFO, DJ Cuppy wrote, “Just picked up a Christmas present for @femiotedola. Do you think he will like it?”

The post got thousands of likes and comments, including from DJ Cuppy’s sibling, Temi, who asked her sister, “I thought it was meant to be a joint present?”

Replying, DJ Cuppy told Temi she could buy a Rolls-Royce Wraith for their mother.

Estimated cost

From comparison on car review sites such as Edmunds and Motor Trend, the Rolls-Royce Phantom DJ Cuppy bought for her father resembles the 2018 model, which costs between $450,000 (N162m) and $530,000 (N192m).

Car description

For over a decade, the seventh-generation Phantom served as the pinnacle of the Rolls-Royce lineup. This monument to power and wealth exceeded expectations for what a luxury sedan could be, but near the end of its run, the Phantom started to feel a little dated.

While materials and craftsmanship can be timeless, there’s an expiration date on technology and the Phantom offered few advanced driving aids.

However, this changed in the redesigned 2018 Rolls-Royce Phantom which debut with a lengthy list of high-tech safety features alongside new luxury upgrades and more customisation options than you can shake a stick (or door-embedded umbrella) at.

A new aluminum space frame provides the backbone of the 2018 Phantom’s architecture. Rolls-Royce says this structure increases stiffness and reduces weight.

The 2018 Phantom is also accompanied by a new air suspension and four-wheel steering, which provides a more dynamic driving experience.

A new camera system that Rolls-Royce calls “Flagbearer” reads the road at speeds up to 62 mph and readies the suspension to soak up upcoming imperfections. Rolls-Royce also claims a 10 per cent reduction in exterior noise thanks to the new construction and additional foam layers inserted throughout.

The cabin of the new Phantom is also more opulent than the one in the previous model. Every conceivable surface is cloaked in leather, metal, glass or wood and the dashboard adds a new design element.

In short, the Phantom offers practically every piece of driving assistance tech you can think of, though adaptive cruise control and night vision are optional.

The redesigned 2018 Phantom is not only the most lavish Rolls-Royce you can get, it is also the most exclusive luxury sedan in the world. No expense has been spared in creating this mega land yacht — its buyers will expect nothing less.


The 2018 Rolls-Royce Phantom is a large ultra-luxury sedan with a seemingly infinite number of ways to be tailored to the buyer’s whims. Two versions are available — the standard Phantom and a roomier extended wheelbase that adds roughly nine inches of legroom.

Regardless of body style, the Phantom is powered by a twin-turbocharged 6.75-litre V12 producing a healthy 563 horsepower and 664 lb-ft of torque. It transmits power to all four wheels via an eight-speed transmission that uses the navigation system to change gears based on upcoming road conditions.

Both Phantom models come with the same set of features. Every Phantom comes with 21-inch wheels, laser headlights, a road-reading adaptive air suspension, power-closing doors (with umbrellas inside), leather headliner, heated and ventilated front massaging seats, a navigation system, a 10.25-inch central display, a head-up display, a Wi-Fi hotspot, a 16-speaker audio system, and the Starlight headliner that incorporates hundreds of LEDs to resemble the night sky.


  • Peerless interior design and materials quality
  • Massively powerful V12
  • Seemingly infinite customisation options


  • Large size may be a hindrance in tight parking lots

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