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No Drums For Femi Otedola

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Celebration

The Midas touch of billionaire businessman Femi Otedola has always been celebrated.

How he turned around the fortunes of a moribund African Petroleum into one of the most sought after companies in the country providing integrated solutions with solid footprints in downstream petroleum marketing, upstream services, and power generation via Forte Oil remains legendary.

But all that was before he sold his 75 percent controlling share seeking new adventures in the power sector in June 2019.

Since investing heavily in Geregu Power Plc a year ago, there have been appreciable growths in the business with enviable heights accomplished.

While the big picture envisaged by the man when he invested $1 billion into the power generating company might still be a far cry, he can take comfort in celebrating the one year anniversary of his investing in a business where he sits as the chairperson.

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