Cover Stories, News

Otedola’s exit from Forte creates excitement

The announcement today (Wednesday, June 19)  by billionaire mogul Femi Otedola that he has divested from Forte Oil Plc is generating a lot of excitement.The chairman of Forte Oil and Geregu Power Plant posted in the afternoon:

View this post on Instagram

A few years ago, my team and I embarked on an arduous task of transforming a moribund petroleum marketing business, African Petroleum Plc (formerly British Petroleum) into Forte Oil Plc; a leading integrated solutions provider with solid footprints in downstream petroleum marketing, Upstream Services and Power Generation and one in which we built intrinsic value to the benefits of our shareholders. In line with my principle of business focus, we have divested from our marketing and upstream businesses and shall from now on focus and consolidate on the gains of our power generation business, Geregu Power Plc. We wish our successors the very best and urge them to build on our legacies which have been established since 1964 šŸ™šŸæ …F.OtešŸ’²

A post shared by Femi OtešŸ’² (@femiotedola) on

And ever since, major websites and blogs have latched on to the announcement, re-broadcasting and generating tons of comments.The Instagram handle of the billionaire has attracted almost two thousand comments with many offering prayers of benediction…



About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.