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Femi Otedola Finds New Frontier With Geregu Power Plc



Femi Otedola

Like an archaeologist, the most successful of businessmen are always seeking new successes.

They are hardly content with perceived comfort zones, as daily routines become pedestrian. When they can’t overhaul their business, they inculcate a new interest and that becomes their baby till they get bored again and seek a new challenge.

Ask Aliko Dangote, Abdulsamad Rabiu, Femi Otedola, and their ilk, and they will confirm this.

Many would argue that the boredom factor was what influence billionaire businessman and former Chairman of Forte Oil, Femi Otedola to divest his 75% direct and indirect shareholding in the business.

Now seeking a new challenge in the power sector, Otedola has shelved his office of Chairman of Forte Oil to occupy the same position in his new setup, Geregu Power Plc.

With a track record of success, the man is expected to hit the ground running having spent a fortune in overhauling the plant from its capacity of 414 to 435 Mega Watt.

With a new baby in an epileptic industry, Otedola’s Midas touch will be put to the test as he tries to reenact what he did with Forte Oil.

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