The Main Reason Why I quits oil business- Billionaire Femi Otedola
Suave billionaire mogul, Femi Otedola, is a smart man. Those who know the amiable businessman from his youthful days on the streets of Surulere and Ikeja in Lagos would tell you that he looks out for yawning gap and moves to fill it. Or what would one say of a minor (aged 6) already cutting deals and issuing receipts as a nail groomer? That’s the trait Otedola pushed to become a mega businessman today. When in 2003, Otedola saw an opportunity he could grab in the oil business, he dumped the family printing business he was superintending and set up Zenon Oil to invest in the downstream infrastructure development and within few years, he became the market leader in the niche diesel market. With increased income from his oil business, Otedola grew his investments and even strayed into banking with substantial shares in Zenith Bank Plc and UBA Plc. However, as the trouble in the global oil business became predictable, the Epe-born magnate started to divest and look for new opportunities. T