Farooq Oreagba Biography
Farooq Oreagba Biography – Farooq Oreagba is a distinguished individual in Nigeria’s financial services arena, recently stepping into the role of Managing Director and CEO at NG Clearing Limited.
Throughout his career, Farooq Oreagba has held various high-level positions, consistently showcasing his ability to foster innovation and sustain growth. With over forty years in the financial sector, both domestically and internationally, his experience is extensive.
Farooq Oreagba journey was not without obstacles; he was diagnosed with bone and skin cancer in 2014 but overcame these health challenges, being declared cancer-free by 2017.
His presence was notably felt at the 2024 Ojude Oba Day celebration, where his entrance on horseback, sporting an impressive tattoo and dressed in a full aso-oke agbada, drew significant attention.
Farooq Oreagba Profile
- Full Name – Farooq Oreagba
- Date of birth – Born on July 1966
- Place of birth – Ijebu-Ode, Ogun State, Nigeria
- Age – 54 Years old
- State of origin – Ogun State
- Nationality – Nigeria
- Spouse – Unknown
- Children – Unknown
- Parents – Unknown
- Occupation – Chairman and CEO of NG Clearing Limited
- Net Worth – $1 million
Farooq Oreagba’s Age
As of 2024, Farooq Oreagba is 54 years old.
Farooq Oreagba State of Origin
He is originally from Ogun State, Nigeria.
Farooq Oreagba Early Life and Education
Born in July 1966 in Ijebu-Ode, Ogun State, Oreagba’s early education began at Ijebu-Ode Grammar School. He furthered his education at King’s College in Lagos, known for its notable alumni. He then moved to London, studying at Edward Greene’s College, where he graduated with high honors.
Farooq Oreagba earned a Bachelor of Engineering in Combined Engineering Studies from Coventry University between 1985 and 1989. Additionally, he holds a BTEC Diploma in Business & Finance from the University of East London, obtained between 1991 and 1993.
Farooq Oreagba Career
Leadership at NG Clearing
In September 2023, Oreagba took on the role of Managing Director and CEO at NG Clearing Limited, playing a key role in positioning the company as West Africa’s leading Central Counterparty (CCP). His leadership has been crucial in bolstering Nigeria’s financial market infrastructure, ensuring efficient and secure clearing and settlement services.
Driving Innovation in Financial Services
Known for his innovative approach, Farooq Oreagba tenure at NG Clearing is characterized by a focus on customer-centric and sustainable growth solutions. A landmark achievement under his leadership was overseeing the first-ever clearance of exchange-traded derivatives in West Africa, underlining his commitment to enhancing Nigeria’s financial market infrastructure.
Strategic Vision and Recognitions
Oreagba’s strategic foresight has been instrumental in NG Clearing achieving significant milestones, including the creation of a top-tier clearing and settlement system that integrates effectively with major Nigerian exchanges. His expertise and contributions have been recognized by the Board of Directors of NG Clearing, where he has held various executive leadership roles.
Farooq Oreagba’s journey from Ijebu-Ode to becoming a leading figure in Nigeria’s financial services industry highlights his dedication, innovative thinking, and strategic acumen. His recent appearance at the Ojude Oba festival further cemented his reputation as a notable public figure, celebrated for both his professional accomplishments and personal flair.
Farooq Oreagba Health Battle
In April 2014, Farooq Oreagba was diagnosed with osteosarcoma and carcinoma. He fought a courageous two-year battle against these cancers, reaching a significant milestone in February 2015 when he was declared in complete remission. By 2017, Farooq Oreagba was fully recovered and resumed his duties in the financial sector as the Managing Director of NG Clearing Limited.
Farooq Oreagba Personal Life and Family
Farooq Oreagba keeps his personal life private, with little known about his wife and family. However, it is known that he has three sons, two from a previous marriage and one with his current partner.
Farooq Oreagba Net Worth
As of 2024, Farooq Oreagba’s estimated net worth is $1 million.
Leave a Reply