Oil Mogul, Segun Adebutu’s Birthday Would be Low-key

No doubt Segun Adebutu, Chairman of Petrolex Oil, shares a lot in common with his father, Chief Kessington Adebutu, who is also the Odoole of Ife.

As a businessman, he has done so well for himself to the admiration of his father. For years, Adebutu quietly and organically nurtured his energy firm, Petrolex Oil & Gas Limited, into a key player in the sector. Also, as a philanthropist, he has tried to amplify his father’s famed legacy of benevolence and generosity, as he always makes conscious efforts to put smiles on the faces of the hoi polloi in the society since 2014 when he founded his Oladiran Olusegun Adebutu Foundation (OOAF).

In line with the vision of the foundation and the disappointment of naysayers that it is not a one-off gesture, he has continually impacted the lives of the less privileged in society.

So, you would expect a man of his fame to celebrate and be celebrated on the occasion of his birthday. But come May 4, the shrewd businessman, rather than roll out the drums, will be celebrating his birthday low-key with his family and some select friends. It was also learnt that he also plans to give out to the needy on that day.

Adebutu, an Economics graduate of the prestigious University of Ibadan, started trading in oil and gas in 2004. His entrepreneurial dexterity has seen him grow that small business into a world-class conglomerate with interests in shipping, mining, construction, infrastructure, real estate, telecommunications and entertainment.

Aside his own businesses, the amiable businessman also sits on the Board of Premier Lotto, Nigeria’s most successful lotto and sports betting firm, founded by his philanthropist father, Odole Adebutu.
Besides his investments in oil and gas, and involvement in the gaming industry, Adebutu’s vast business empire includes mining. He has a company with arguably one of Nigeria’s most endowed mining assets.

Also, he has a marine logistics firm also reputed to be quietly amassing the largest fleet in sub-Saharan Africa and already quietly executing several multimillion-dollar contracts across West Africa. He also owns an urban entertainment outfit based in America and Nigeria.