₦airaland Forum

When Femi Otedola Was The Largest Owner Of Oil Tankers In Africa (Throwback Photos)

Nigerian billionaire businessman and philanthropist, Femi Otedola took to his Instagram handle to share photos of his investiture as the president of the Nigerian chamber of shipping in the year 2005, when he was the largest ship owner (oil tankers) in Africa, IgbereTV reports.

Sharing the photos, he wrote;

"Flashback Friday to April 21st 2005 (16 years ago), when I was the largest ship owner (oil tankers) in Africa. This day marked my investiture as the president of the Nigerian chamber of shipping ...F.Ote"

https://www.instagram.com/p/CM4HynsHl7-/?utm_source=ig_web_copy_link

In 2003, having seen an opportunity in the fuel retail market, Otedola secured the finance to set up Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company.

By 2005, Zenon Petroleum and Gas Ltd controlled a major share of the Nigerian diesel market, supplying fuel to most of the major manufacturers in the country including Dangote Group, Cadbury, Coca-Cola, Nigerian Breweries, MTN, Unilever, Nestle and Guinness.

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Same circle of friends. . Otedola, Dangote, Gbajabiamila, Jim ovia

Dangote, Otedola and Jim ovia good friends Supporting themselves. Jim provided financial support for them to grow.
Lawyer and Banker friends will always assist you when the times are tough

His networth has dropped drastically weytin happen?

Dos times Dj cuppy never grow, baba account balance den....but now hmmm

Sometimes your friends tells who you really are...... see billionaires/millionaires everywhere.

Hmmmm, the Kinds of friends we keep in this Life matters, God Forbid Friends that will only talk about women, God Bless friends that will always talk about investment

Hmmm

Ok. We hear!

Without being close to this man, I'm 100% sure, he is an introvert.

Its shows in his face.

Back then, when everywhere was still soft, I'm sure, most billionaires are feeling the heat of harsh economic conditions now.

Interesting.



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And now he's sold out to....

[img]https://media1./images/5b8f98be79a4d2c036dffc19820f8e0c/tenor.gif?itemid=20756518[/img]

Ego di nma inwe na okorobia...gbaba mbo..mebe ife oma..Okike mere uwa ga na agozi gi

If you are in need of Raw Original Honey...don't hesitate to contact O81 O1 66 67 71 let's talk about it now.Stay safe and blessed fam...Ya gazie

I think he has invested divested to Dangote refinery now

Loo

I see Government patronage....

Jim Ovia, Rhodes-Vivour, Gbaja, Dangote & co.
.....see men dem

The kind of business minded people I like working with. No be those ones when go dey tell you to find babe for them or if I get SK for hux.. Shi-Shi idea or help to grow bigger, you won't get from them. I need rich people as frds ,cux I want to be super rich also. Nairaland rich people make una carry me along. No mind my Monica wen I put BigYash o,na just Monica . I wanna be super rich,sombori help..

Yoruba say, house wey dey organised... Na the person wey dey there never grow... Lol... Fill in d gap

timibare:
Dos times Dj cuppy never grow, baba account balance den....but now hmmm

Even wettin Cuppy dey collect from her innocent father alone e reach to make the man money drop

OK

The man is tired of making money

He want to live a simple life for now

how did he secure the fund?
because the funds required would be huge.
make dem show us the way

Lol.. Omo this one choke

Rahkman:
His networth has dropped drastically weytin happen?

Not understanding the market and Nigerian high interest rates.

Interesting

E don tey this man make money. Look how young he was then.