₦airaland Forum

Dogalmighty17:
You know, the friendship between Dangote and Otedola is very interesting. Otedola made his money from being a sole distributor of diesel at some point. Dangote, through his refinery, wants to make importation of all crude oil derivatives a thing of the past. This puts a major dent in his friends business. I really don't know if Forte oil has oil wells. Whatever it is, Femi really isn't sweating obviously.

He is chairman of Geregu Power Plc and holds substantial stakes in FBN holdings and Zenith bank. Dude is worth 1.5 billion dollars. He has long sold his shares in Forte oil and relies primarily on passive income his investment holdings bring him.

Otedola started business from the age of six and has been in the energy business since 1993.

U are quite accurate except for Otedola has divested from the diesel importation business since subsidy payment became a reoccurring issue so thers is no clash between him and Dangote.

He was also part of the formation of Dangote refinery by support to his friend Aliko Dangote.

Two Rolls Royce and Two Maybachs is what's making this one shout like this?

Some Nigerians think cars are the only luxury items in existence.

I blame our elites for always spending lavishly on liabilities instead of assets.

Why won't they, when their wealth is usually government assisted like someone already said, and not from labour or investments.

MufasaLion:
I still don't understand how a grown up man would be on the road screaming and recording people's cars when he should be working!

I detest lazy folks! Nigerians copy almost everything they see online and replicate it here. Folks abroad ain't doing it due to hunger!

as in ehen, the noise self dey cause headache.

MufasaLion:
I still don't understand how a grown up man would be on the road screaming and recording people's cars when he should be working!

I detest lazy folks! Nigerians copy almost everything they see online and replicate it here. Folks abroad ain't doing it due to hunger!

Some do these for contents and still make money from there. If that’s what feeds him, keep quiet!!!
Beside stop comparing the act of someone here to others in abroad. Yeah they don’t because they are not hungry. The case here is different.

MufasaLion:
I still don't understand how a grown up man would be on the road screaming and recording people's cars when he should be working!

I detest lazy folks! Nigerians copy almost everything they see online and replicate it here. Folks abroad ain't doing it due to hunger!

if they are not doing it for hunger, are they doing it for free. me no like as the guy dey scream sef, buh making it look like white are perfect thats false

your last phrase just nullified your point you need to wash off slavery mentality

franchasng:
Goodluck Jonathan made Femi Otedola what he is today yet his people will never be grateful


May God continue to bless good man, Goodluck Jonathan. He allowed his kindness to spread across all tribes like IBB.


But you see Bola Tinubu? Sighs, he is busy enriching only Yorubas.


Tinubu is currently making plenty Yorubas billionaires while Nigerians sleep, make Una continue sha

Coming from you, i am disappointed ... how can you even think, Goodluck made otedola .. do you not know otedola family or background

Same goodluck that did not have shoe or bag when otedola was taken to school in benz ..

where was goodluck when otedola humbled National assembly on national tv with the case of senator farouk ... who is jonathan when otedola don dey donate to Pdp

please no be all of us be children here, dont insult our intelligence

MufasaLion:
I still don't understand how a grown up man would be on the road screaming and recording people's cars when he should be working!

I detest lazy folks! Nigerians copy almost everything they see online and replicate it here. Folks abroad ain't doing it due to hunger!

The height of joblessness. Time that he would use to upgrade himself and move up, he's happy with someone who's making his money.

chidiokay:
Coming from you, i am disappointed ... how can you even think, Goodluck made otedola .. do you not know otedola family or background

Same goodluck that did not have shoe or bag when otedola was taken to school in benz ..

where was goodluck when otedola humbled National assembly on national tv with the case of senator farouk ... who is jonathan when otedola don dey donate to Pdp

please no be all of us be children here, dont insult our intelligence

His father was a former Governor too. Yes he was rich, but Goodluck Jonathan made Otedola the billionaire he is today. I speak as an insider not hearsay.



Otedola went broke at some point and was on the brink of losing it all to AMCON, before Goodluck became President and everything changed. He wrote off his debts and started awarding him jaw-dropping contracts that revived Otedola and made him the real billionaire he is today.



Jimoh Ibrahim and co couldn't survive.


You guys don't know the power of a Nigerian President. Every Nigerian President have the power to make at least 10 persons he likes dollar billionaires.


IBB made a lot of Nigerians billionaires.


Tinubu is making people too but mostly his relatives and few loyal Yorubas, he is too selfish, too corrupt and ethnocentric to a fault

Guy u rest jaare.. all ur motives na bigotry

franchasng:
His father was a former Governor too. Yes he was rich, but Goodluck Jonathan made Otedola the billionaire he is today. I speak as an insider not hearsay.



Otedola went broke at some point and was on the brink of losing it all to AMCON, before Goodluck became President and everything changed. He wrote off his debts and started awarding him jaw-dropping contracts that revived Otedola and made him the real billionaire he is today.



Jimoh Ibrahim and co couldn't survive.


You guys don't know the power of a Nigerian President. Every Nigerian President have the power to make at least 10 persons he likes dollar billionaires.


IBB made a lot of Nigerians billionaires.


Tinubu is making people too but mostly his relatives and few loyal Yorubas, he is too selfish, too corrupt and ethnocentric to a fault

Dogalmighty17:
You know, the friendship between Dangote and Otedola is very interesting. Otedola made his money from being a sole distributor of diesel at some point. Dangote, through his refinery, wants to make importation of all crude oil derivatives a thing of the past. This puts a major dent in his friends business. I really don't know if Forte oil has oil wells. Whatever it is, Femi really isn't sweating obviously.

He is chairman of Geregu Power Plc and holds substantial stakes in FBN holdings and Zenith bank. Dude is worth 1.5 billion dollars. He has long sold his shares in Forte oil and relies primarily on passive income his investment holdings bring him.

Otedola started business from the age of six and has been in the energy business since 1993.

Yoruba people make Una dey calm down .. the real billionaires are not in Forbes mainly

Among the yorubas it's only this otedola that has questionable remarks on how he made his money .. now just know that his father was once governor of Lagos state that was how he stole the tax payers money and today his son is enjoying it

fuckingAyaya:
Ola of lagos started like that today he owns several properties worth millions of dollars. Not everyone will make it through certificates or business, Nigeria don cast the youths are angry and frustrated they solely depend on social media money like Facebook and tiktok all thanks to the wicked leaders that never invested in human capital. Have you been to an embassy before? Go there you will shed tears.

I don't understand what's in embassy making me to shed tears

franchasng:
His father was a former Governor too. Yes he was rich, but Goodluck Jonathan made Otedola the billionaire he is today. I speak as an insider not hearsay.



Otedola went broke at some point and was on the brink of losing it all to AMCON, before Goodluck became President and everything changed. He wrote off his debts and started awarding him jaw-dropping contracts that revived Otedola and made him the real billionaire he is today.



Jimoh Ibrahim and co couldn't survive.


You guys don't know the power of a Nigerian President. Every Nigerian President have the power to make at least 10 persons he likes dollar billionaires.


IBB made a lot of Nigerians billionaires.


Tinubu is making people too but mostly his relatives and few loyal Yorubas, he is too selfish, too corrupt and ethnocentric to a fault

How naw ?? if i say disappointed its an understatement,

How can you posit Jonathan made otedola a billionaire ... he cum be like a dey follow small pikin argue sef ...

sort yourself out man

chidiokay:
How naw ?? if i say disappointed its an understatement,

How can you posit Jonathan made otedola a billionaire ... he cum be like a dey follow small pikin argue sef ...

sort yourself out man

When we talk, people like you should listen and learn and not argue what you know nothing about.


https://www.cnbcafrica.com/2016/femi-otedola-on-the-day-he-lost-everything/



https://www.premiumtimesng.com/news/102173-reps-to-probe-otedola-over-amcon-deal.html?tztc=1

This idiot too is a content creator? Gosh!

Arabk25:
Billionaires are everywhere it's not limited in lagos alone
Try to they travel small

This is the real billionaire and there are only about 5 of them in the country.

franchasng:
When we talk, people like you should listen and learn and not argue what you know nothing about.


https://www.cnbcafrica.com/2016/femi-otedola-on-the-day-he-lost-everything/



https://www.premiumtimesng.com/news/102173-reps-to-probe-otedola-over-amcon-deal.html?tztc=1

no matter how low i think of you, you come back and make it overestimation sef

i took my time to read to the links not becos their is something there i wont know But just to give you a chance to redeem yourself ...

From all the Article how Did jonathan make Otedola ... do you know the meaning of "Make"

even when otedola repaid all his debt ... he still had a 34-percent stake in African Petroleum, which he rebranded, to Forte Oil in 2010 ... value 34%

You cant "Make" a man that still owns 34% in oil business ... cos thats " Made" already, franchasng i dont know you but your total net worth earth n heaven no reach 1% of weytin otedola get after that debt

otedola only rebranded AP to forte oil,. it is not as if otedola relocated back to amukoko in pocohantas area or lived outside luxury for one day

Oga highlight where Jonathan made Otedola in both articles you posted .. smh

fuckingAyaya:
Ola of lagos started like that today he owns several properties worth millions of dollars. Not everyone will make it through certificates or business, Nigeria don cast the youths are angry and frustrated they solely depend on social media money like Facebook and tiktok all thanks to the wicked leaders that never invested in human capital. Have you been to an embassy before? Go there you will shed tears.

Lol look at how you calling millions of dollars as if dollars is worthless like the naira. Who dash him millions of dollars
He doesn't even smell 200k dollars

U jus dey disgrace ursef more and more

franchasng:
When we talk, people like you should listen and learn and not argue what you know nothing about.


https://www.cnbcafrica.com/2016/femi-otedola-on-the-day-he-lost-everything/



https://www.premiumtimesng.com/news/102173-reps-to-probe-otedola-over-amcon-deal.html?tztc=1

chidiokay:
no matter how low i think of you, you come back and make it overestimation sef

i took my time to read to the links not becos their is something there i wont know But just to give you a chance to redeem yourself ...

From all the Article how Did jonathan make Otedola ... do you know the meaning of "Make"

even when otedola repaid all his debt ... he still had a 34-percent stake in African Petroleum, which he rebranded, to Forte Oil in 2010 ... value 34%

You cant "Make" a man that still owns 34% in oil business ... cos thats " Made" already, franchasng i dont know you but your total net worth earth n heaven no reach 1% of weytin otedola get after that debt

otedola only rebranded AP to forte oil,. it is not as if otedola relocated back to amukoko in pocohantas area or lived outside luxury for one day

Oga highlight where Jonathan made Otedola in both articles you posted .. smh

Like I said earlier, it's good to stay within your practical knowledge boundary.


I am not speaking based on them said.

I speak from inside.


Yes Otedola was rich, of course he has a rich family background. To be the son of a former Governor of Lagos state is more than enough to consider you rich and even made in life.

But beyond that, the current wealthy Otedola you know today was revived and made who he is by Goodluck Ebele Jonathan, you can quote me anywhere any day.


During Otedola's trough time after the issue he had which was common to businessmen, he and Dangote wasn't even in good terms then, that's a story for another day.


Back then, I lived with my eldest brother who was also into oil and gas and knew Otedola, Rabiu, the owner of Rahamaniyya oil and gas. My brother had the same issue Otedola had back then, though he wasn't a big player or as wealthy as Otedola, but that same issue sank him and he and others couldn't survive it but Otedola survived it because of Goodluck Jonathan.


Now what you would ask is why did Jonathan helped Otedola immensely to bounce back and become a force to reckon with again?


Femi Otedola showed Goodluck Jonathan so much respect, kindness and recognition when he was Bayelsa Governor and other Governors and political heavyweights looked down on Jonathan and saw him as an opportunist reaping what he did not work for.


Because of that, they usually isolate Goodluck at events but at any event or occasion Femi Otedola saw Goodluck, he would rush to him and greet him so well and call him 'My Governor'. Otedola continued that and that endeared him to Jonathan, from there Jonathan developed special likeness for him and they became close.


So when Otedola had business setback and was owing a debt of over a billion US dollars that he couldn't repay, Jonathan secretly stepped in and Otedola paid off the debt though it was kind of controversial but who can challenge the will of a Nigerian President in Nigeria? At the end, everything was buried and Otedola became a free man with more federal government contracts and backing that made him rebounce to who he is today.



So when I said Goodluck Jonathan made Femi Otedola the dollar Billionaire he is today, I mean every word I said and I never meant that Femi Otedola was poor or struggling before Goodluck Jonathan helped him. He was doing well financially and business wise but had a serious business setback that would have sank him forever like others, but because of Goodluck Jonathan's secret help, Otedola bounced back and became yet a force to reckon with in Nigeria's oil and gas sector.


Stop arguing with me, I am not good at saying what I don't know with confidence.


A family friend back then was among Jonathan's aides, I can confidently give you 80% list of Nigerian business moguls Goodluck Jonathan made who they are today, including Igbos, it's not new, every Nigerian President does that but only Tinubu has been busy helping and enriching only his relatives, then Yorubas and few loyal political allies outside Southwest unlike other past Presidents who spread their tentacles across all regions and tribes of Nigeria and that is one of the reasons why I don't fancy Bola Tinubu and want him out come 2027.


As for my networth you made mention of, how can you compare an ordinary me with Femi Otedola na? Haba haba. I am not even worth up to 1billion naira to talk of being a billionaire


My small company is still growing small small, though Bola Tinubu's thoughtless policies affected the growth somehow, but I know God will still do what He did for us in my early formative years


So pls don't compare me with a billionaire like Femi Otedola. I never reach anywhere. I am still struggling to stabilize my small form and I wished a Nigerian President could step in and help me like they helped all the influential businessmen in Nigeria from Dangote, to Otedola to Arthur Eze, Orji Uzo Kalu, etc

SocialJustice:
This is the real billionaire and there are only about 5 of them in the country.

Day play you no know where they pain you 5 ke waiting you smoke

I thought some people said billionaires don't spend money on luxury goods?

My interest is the grade of fuel those luxury cars use.

Arabk25:
Day play you no know where they pain you 5 ke waiting you smoke

Please list the billionaires you have in mind?

Remember only dollar billionaires are globally recognised billionaires. A person worth N10b is only a global dollar millionaire.

franchasng:
Goodluck Jonathan made Femi Otedola what he is today yet his people will never be grateful


May God continue to bless good man, Goodluck Jonathan. He allowed his kindness to spread across all tribes like IBB.


But you see Bola Tinubu? Sighs, he is busy enriching only Yorubas.


Tinubu is currently making plenty Yorubas billionaires while Nigerians sleep, make Una continue sha

Lazy people like you will always find one or two excuses for their backwardness.
Ok,mention just one tangible business Igbos have abroad...None.
The Yorubas you are badmouthing have several businesses abroad and are known to be very business savvy.

Ritchiee:
Lazy people like you will always find one or two excuses for their backwardness.
Ok,mention just one tangible business Igbos have abroad...None.
The Yorubas you are badmouthing have several businesses abroad and are known to be very business savvy.

Sure.

It still boils down to the fact that nobody wey go attain that number position wey u no go see trace of nepotism! Stop acting like an ignorant guy and nor dey let ur emotion overwhelm u as a man. Is wike a yorouba man or Elumelu na yoruba?.. u juz dey write nonsense epistles. Abi u think sey if Otedola nor play him cards well e go dine with Jonathan?

franchasng:
Like I said earlier, it's good to stay within your practical knowledge boundary.


I am not speaking based on them said.

I speak from inside.


Yes Otedola was rich, of course he has a rich family background. To be the son of a former Governor of Lagos state is more than enough to consider you rich and even made in life.

But beyond that, the current wealthy Otedola you know today was revived and made who he is by Goodluck Ebele Jonathan, you can quote me anywhere any day.


During Otedola's trough time after the issue he had which was common to businessmen, he and Dangote wasn't even in good terms then, that's a story for another day.


Back then, I lived with my eldest brother who was also into oil and gas and knew Otedola, Rabiu, the owner of Rahamaniyya oil and gas. My brother had the same issue Otedola had back then, though he wasn't a big player or as wealthy as Otedola, but that same issue sank him and he and others couldn't survive it but Otedola survived it because of Goodluck Jonathan.


Now what you would ask is why did Jonathan helped Otedola immensely to bounce back and become a force to reckon with again?


Femi Otedola showed Goodluck Jonathan so much respect, kindness and recognition when he was Bayelsa Governor and other Governors and political heavyweights looked down on Jonathan and saw him as an opportunist reaping what he did not work for.


Because of that, they usually isolate Goodluck at events but at any event or occasion Femi Otedola saw Goodluck, he would rush to him and greet him so well and call him 'My Governor'. Otedola continued that and that endeared him to Jonathan, from there Jonathan developed special likeness for him and they became close.


So when Otedola had business setback and was owing a debt of over a billion US dollars that he couldn't repay, Jonathan secretly stepped in and Otedola paid off the debt though it was kind of controversial but who can challenge the will of a Nigerian President in Nigeria? At the end, everything was buried and Otedola became a free man with more federal government contracts and backing that made him rebounce to who he is today.



So when I said Goodluck Jonathan made Femi Otedola the dollar Billionaire he is today, I mean every word I said and I never meant that Femi Otedola was poor or struggling before Goodluck Jonathan helped him. He was doing well financially and business wise but had a serious business setback that would have sank him forever like others, but because of Goodluck Jonathan's secret help, Otedola bounced back and became yet a force to reckon with in Nigeria's oil and gas sector.


Stop arguing with me, I am not good at saying what I don't know with confidence.


A family friend back then was among Jonathan's aides, I can confidently give you 80% list of Nigerian business moguls Goodluck Jonathan made who they are today, including Igbos, it's not new, every Nigerian President does that but only Tinubu has been busy helping and enriching only his relatives, then Yorubas and few loyal political allies outside Southwest unlike other past Presidents who spread their tentacles across all regions and tribes of Nigeria and that is one of the reasons why I don't fancy Bola Tinubu and want him out come 2027.


As for my networth you made mention of, how can you compare an ordinary me with Femi Otedola na? Haba haba. I am not even worth up to 1billion naira to talk of being a billionaire


My small company is still growing small small, though Bola Tinubu's thoughtless policies affected the growth somehow, but I know God will still do what He did for us in my early formative years


So pls don't compare me with a billionaire like Femi Otedola. I never reach anywhere. I am still struggling to stabilize my small form and I wished a Nigerian President could step in and help me like they helped all the influential businessmen in Nigeria from Dangote, to Otedola to Arthur Eze, Orji Uzo Kalu, etc

SocialJustice:
Please list the billionaires you have in mind?

Remember only dollar billionaires are globally recognised billionaires. A person worth N100m is only a global dollar millionaire.

What the hell do you mean by dollar billionaires are you ok? What's the official currency we're using in Nigeria?

Arabk25:
What the hell do you mean by dollar billionaires are you ok? What's the official currency we're using in Nigeria?

If you can't be civil please go away.

WHAT IS FEMI OTEDOLA'S SOURCE WEALTH??

Gerrard59:
I thought some people said billionaires don't spend money on luxury goods?

My interest is the grade of fuel those luxury cars use.

Depends on the bilionaire

Arthur eze is a billonaire but dresses like a tout

There is a billionaire in china that likes prefer a bicycle over a roll royce

Dogalmighty17:
You know, the friendship between Dangote and Otedola is very interesting. Otedola made his money from being a sole distributor of diesel at some point. Dangote, through his refinery, wants to make importation of all crude oil derivatives a thing of the past. This puts a major dent in his friends business. I really don't know if Forte oil has oil wells. Whatever it is, Femi really isn't sweating obviously.

He is chairman of Geregu Power Plc and holds substantial stakes in FBN holdings and Zenith bank. Dude is worth 1.5 billion dollars. He has long sold his shares in Forte oil and relies primarily on passive income his investment holdings bring him.

Otedola started business from the age of six and has been in the energy business since 1993.

he has sold it and duel in other businesses like power generation too. For him to keep supporting Dangote, that means he was briefed and he really cashout that time. I have forgotten how much he made then. He used to be the owner of Africa petroleum (AP) national wide

franchasng:
Like I said earlier, it's good to stay within your practical knowledge boundary.


I am not speaking based on them said.

I speak from inside.


Yes Otedola was rich, of course he has a rich family background. To be the son of a former Governor of Lagos state is more than enough to consider you rich and even made in life.

But beyond that, the current wealthy Otedola you know today was revived and made who he is by Goodluck Ebele Jonathan, you can quote me anywhere any day.


During Otedola's trough time after the issue he had which was common to businessmen, he and Dangote wasn't even in good terms then, that's a story for another day.


Back then, I lived with my eldest brother who was also into oil and gas and knew Otedola, Rabiu, the owner of Rahamaniyya oil and gas. My brother had the same issue Otedola had back then, though he wasn't a big player or as wealthy as Otedola, but that same issue sank him and he and others couldn't survive it but Otedola survived it because of Goodluck Jonathan.


Now what you would ask is why did Jonathan helped Otedola immensely to bounce back and become a force to reckon with again?


Femi Otedola showed Goodluck Jonathan so much respect, kindness and recognition when he was Bayelsa Governor and other Governors and political heavyweights looked down on Jonathan and saw him as an opportunist reaping what he did not work for.


Because of that, they usually isolate Goodluck at events but at any event or occasion Femi Otedola saw Goodluck, he would rush to him and greet him so well and call him 'My Governor'. Otedola continued that and that endeared him to Jonathan, from there Jonathan developed special likeness for him and they became close.


So when Otedola had business setback and was owing a debt of over a billion US dollars that he couldn't repay, Jonathan secretly stepped in and Otedola paid off the debt though it was kind of controversial but who can challenge the will of a Nigerian President in Nigeria? At the end, everything was buried and Otedola became a free man with more federal government contracts and backing that made him rebounce to who he is today.



So when I said Goodluck Jonathan made Femi Otedola the dollar Billionaire he is today, I mean every word I said and I never meant that Femi Otedola was poor or struggling before Goodluck Jonathan helped him. He was doing well financially and business wise but had a serious business setback that would have sank him forever like others, but because of Goodluck Jonathan's secret help, Otedola bounced back and became yet a force to reckon with in Nigeria's oil and gas sector.


Stop arguing with me, I am not good at saying what I don't know with confidence.


A family friend back then was among Jonathan's aides, I can confidently give you 80% list of Nigerian business moguls Goodluck Jonathan made who they are today, including Igbos, it's not new, every Nigerian President does that but only Tinubu has been busy helping and enriching only his relatives, then Yorubas and few loyal political allies outside Southwest unlike other past Presidents who spread their tentacles across all regions and tribes of Nigeria and that is one of the reasons why I don't fancy Bola Tinubu and want him out come 2027.


As for my networth you made mention of, how can you compare an ordinary me with Femi Otedola na? Haba haba. I am not even worth up to 1billion naira to talk of being a billionaire


My small company is still growing small small, though Bola Tinubu's thoughtless policies affected the growth somehow, but I know God will still do what He did for us in my early formative years


So pls don't compare me with a billionaire like Femi Otedola. I never reach anywhere. I am still struggling to stabilize my small form and I wished a Nigerian President could step in and help me like they helped all the influential businessmen in Nigeria from Dangote, to Otedola to Arthur Eze, Orji Uzo Kalu, etc

Alol !!! the more you talk the more you make me feel i shouldnt have over estimated you at all 🤣🤣 this is super story i thought you said its not dem say dem say ..... why not simply provide me a verifiable link to this cock n bull story
Otedola is always running to greeting jonathan, he give him chair to sit at owambe ... do you even listen to yourself

when it is evidential from the link you provided how Otedola sold properties to pay off his debt, ,. evidence attached read man

The forte oil that rebound otedola was originally African petroleum he owned 34% stake highest

within 2010 and, by 2014 precisely Otedola got back on world richest .. its very possible Jonathan helped him with favors/ contracts But "MADE" is completely out of it ... olamide fit talk say e make asake becos he was nobody until he met olamide But imagine olamide claim he made 9ice ... lets assume they have hit collaboration trending

you dont know the meaning of Make, adam no dey before God creat am o hope you know that one