Farooq Oreagba Biography – Age, Career, Family, Ojude Oba Festival and Net Worth

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TSB News
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TSB News reports that Farooq Oreagba, is a prominent Nigerian businessman and philanthropist.

Mr Farooq went viral after his attractive look at the Ojude Oba Festival and everyone has been asking about the man who stole the festival. Here is what we know about him

Age

As of 2024, he said to be in his late 50s and early 60s. Oreagba’s journey through life reflects a blend of entrepreneurial success and a deep commitment to his cultural heritage.

Career

Farooq Oreagba has held various prominent executive and leadership positions, showcasing his extensive expertise and influence in the financial sector. As a Partner and CEO at Karaho Capital Partners, Farooq played a crucial role in the firm’s origination efforts, establishing robust connections with investment funds and corporations seeking opportunities across Africa. His strategic insights and networking skills significantly enhanced Karaho Capital Partners’ market presence and investment portfolio.

In his capacity as Country Director for African Alliance in Nigeria, Farooq drove business and product development in the West African region. His efforts were aligned with the organization’s broader pan-African strategy, facilitating growth and innovation across the region.

Faroog and son with the Steeze

Farooq’s tenure at the Nigerian Stock Exchange (now Nigerian Exchange Group Plc) as the Head of Strategy and Business Development Directorate was marked by several key achievements. He was instrumental in shaping the Exchange’s strategy, introducing new products, and adopting international best practices. One of his notable accomplishments was the creation of new indices that now serve as the foundation for derivatives products. Additionally, Farooq established the framework for the introduction of Exchange Traded Funds (ETFs) and Real Estate Investment Trusts (REITs) in Nigeria, paving the way for new investment opportunities and enhancing the Nigerian capital market.

Farooq Oreagba’s diverse roles and contributions have solidified his reputation as a leading figure in the African financial landscape, driving growth and innovation across multiple sectors.

Family

Faroog Oreagba and son with the Steeze

Farooq Oreagba hails from a prestigious Yoruba family with deep roots in Nigerian history.  Despite his busy schedule, Oreagba is a dedicated family man, often seen spending quality time with his family and participating in community activities.

Ojude Oba Festival
Farooq Oreagba is a passionate advocate for the preservation and promotion of Yoruba culture. One of the highlights of his cultural involvement is his active participation in the Ojude Oba Festival. This annual festival, celebrated in Ijebu Ode, Ogun State, is a vibrant display of Yoruba heritage, featuring music, dance, fashion, and traditional rites. Oreagba’s contributions to the festival have been significant, including sponsorships and organizational support, helping to elevate the festival’s status both locally and internationally.

The Ojude Oba Festival holds a special place in Oreagba’s heart, as it not only celebrates Yoruba culture but also fosters unity and community spirit. His efforts in promoting the festival have earned him recognition and respect from both cultural leaders and the general public.

Cancer

Farooq was diagnosed with Cancer 10 years ago in February 2014 and he survived it. Man was given a second chance and I’m glad he’s making and enjoying every bit of it positively. Started counseling cancer patients and doing good to the community out there. Watch the video below:

Net Worth
Farooq Oreagba’s net worth is estimated to be around $50 million as of 2024. His diverse business portfolio, which includes finance, real estate, hospitality, and agriculture, has been the primary source of his wealth. Oreagba’s strategic investments and business acumen have positioned him as one of Nigeria’s leading entrepreneurs.