EXCLUSIVE: Femi Otedola Has Never Owned A Private Jet And Mr Eazi Said So: Wealth Lists Gave Him Four Different Aircraft And Not One Tail Number

In February 2026, WealthAfrique published its list of 10 Nigerian celebrities who own private jets in 2026 and entered Femi Otedola with a Bombardier Global Express XRS at $60 million, marking his ownership in one word: “Confirmed”. The item named no source for the confirmation, cited no register and gave no tail number for the aircraft.

Seven months earlier, in July 2025, Kashgain had published its own list of the most expensive private jets owned by Nigerians and given Otedola a different aircraft entirely, a Gulfstream G550 at an estimated cost of $61.5 million.

In June 2026, Time.i.ng published a list of Nigeria’s billionaire elite and their Dassault Falcon jets and stated that Otedola operates a Falcon 8X for international travel, attributing the claim to aviation registries and wealth reports without naming any registry. Five days later the same site carried an entertainers list stating that DJ Cuppy’s private jet travel is primarily linked to the private fleet owned by her billionaire father, Femi Otedola.

NewsExpress and PopularNews9ja, in a syndicated item carried around December 2025, gave him two aircraft at once, a Challenger 605 for regional travel across West Africa and a Dassault Falcon 8X connecting Lagos with London, New York and Dubai, and stated that the jets are primarily used by his family, especially his daughters.

The remaining lists gave him aircraft without naming any model at all. NigerianQueries stated that Otedola owns jets. SocietyReporters placed him tenth on its list of Nigerians who own private jets. The Street Journal stated that he owns private jets. CineNetWorth listed a private jet among his assets and, in the same profile, a $40 million yacht named Dreams.

The four named aircraft, the Bombardier Global Express XRS, the Gulfstream G550, the Dassault Falcon 8X and the Challenger 605, cannot all be his. No aircraft is registered to Femi Otedola, and none is registered under Calvados, Hampshire Venture, Zenon, Seaforce, Geregu or Amperion. Those seven names were run against the current registrations and against the deregistered and exported records that hold past ownership, with dealer records and reserved registrations beside them, and no aircraft stands in any of the names, in the past or now.

The denial the lists never carried came from inside the family. In November 2023, Mr Eazi, the husband of Otedola’s daughter Temi, was interviewed on Naija 102.7 FM and was asked about flying his father-in-law’s jet. His answer, reported on 15 November 2023 by Vanguard, Naija News, Legit.ng and TheNiche, was: “My father-in-law self no get private jet”. Of his own travel he said he flies commercial and charters a private jet only on trips to collect big money.

In September 2026 a clip of Mr Eazi circulated on X and was reported by L24 News and Gistlover as a current statement, carrying the same position in the same man’s voice: “I don’t have a private jet, and my father-in-law doesn’t have one either.”

The lists have a seed older than any of them. Before 2012, The Guardian reported that Otedola may have purchased a Challenger Global 5000 at about $51 million, a report carried by Proshare and repeated in the years since.

Otedola’s own account of that aircraft is in his memoir, Making It Big. He ordered a Bombardier Global 5000 for $65 million, and the order was still open when his debts were settled with the Asset Management Corporation of Nigeria in 2012. In the memoir’s words: “I handed the papers over to AMCON as part of the settlement. The jet was still being built.” AMCON took delivery of the finished aircraft in 2012, and it is now part of the Nigerian presidential fleet. Punch’s account of the memoir lists a Bombardier jet among the assets he surrendered to AMCON in the settlement.

Otedola has stated his own position on private jets in public. In August 2024, in a statement carried by Premium Times, he attacked the spending of bank chief executives and said: “I am particularly critical of the culture of flamboyance, especially the ownership and operation of private jets.”

Title to the aircraft never passed to Femi Otedola.

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