FEMI OTEDOLA RETIRES FROM OIL & GAS. SELLS 75% STAKE IN FORTE OIL FOR GOOD MONEY. SET TO BUILD INVESTMENT COMPANY.

The news is all over town about Femi Otedola new investment drive as he retires from oil and gas totally. The wealthy father of 4, would be setting up an investment company after the good deal he got for selling his stake in Forte oil. His 75% stake in Forte Oil his former baby was sold for an impressive between 300 to 400 million dollars (some say about 25 billion NAIRA) according to the unconfirmed gist.

With such an amount in the cooler, if same amount alone is fixed, that's about 2 to 3 billion NAIRA guaranteed monthly as retirement largesse, for as long as he keeps the fixed investment. With what FO has smartly done, comes the question about if he is a clairvoyant who has seen or has the uncanny ability to see the future and might know that the fortune of that sector could begin to dwindle and lose value, so as a shrewd businessman, maybe one that is very aware of certain facts, he has cashed out when the ovation is loudest and at the best time possible, to get real value for his investment.

Now maybe, people would begin to understand that the rumor of him wanting to do other things and even vie into politics was somewhat true and wasn't without fire in the 1st instance. Maybe he had to quickly retrace his steps for now as the coast wasn't that clear yet and it might not have been the best of times to stick out his neck.

So from vibes we are getting maybe not totally confirmed though, maybe we should be expecting something like an FO Capital or something near that contraption an investment company to manage the massive wealth already made and then see how the wealth can be further invested to double or quadruple what's already on ground.

The sumptuous white HQ of Forte Oil, that impressive multi billion property of the wealthy businessman whose investments in real estate is said to be staggering would still house the oil and gas concern, which is very likely or most definitely going to have a change of name and would be re-branded to showcase the new owners, Prudent Energy who made the purchase through Ignite Investments & Commodities Ltd. So even as FO retires and has sold the company, he would still be earning rents in pretty millions, from his property that would still be housing the brand he would no more own. The water front facing white edifice also is still most likely to house FO's personal office too!

For FO or should we say Mr. Tom Ford (he loves that brand a whole lot) though, it's a new horizon, a new dimension, it is pastures new. And we can begin to expect much flavour in different delicious stews from him. You would have noticed that he is now a lot more active and prominent on the social media scene, interacting and engaging the people more, unlike before, this we believe is deliberate and it might all be geared towards something in the future, maybe near or far.

Till the divestment and sales was done, Zenon Oil and Thames Investment Incorporated were the highest shareholders and majority owners of Forte Oil, with Prudent Energy purchase of the 75% stake through Ignite Investments, they take ownership and the majority stake immediately as soon as the purchase is ratified by the appropriate authorities. 

BILLIONAIRE FEMI OTEDOLA'S FIRST DAUGHTER-TOLANI OTEDOLA EMERGES GLEEFULLY AS A MUSIC ARTIST ON THE ENTERTAINMENT SCENE!

Tolani Otedola

Femi Otedola

With his 3 gals

Maybe that artistic/creative gene(s) specifically in the art form, which the dad never displayed before, is what the kids are now showing off with glee! Sometimes the old ones can live a particular beautiful dream of theirs via their kids, this most likely might be the case in the lives of the children of Femi Otedola.

Many might not have known her that much or heard her name as much as that of the other more popular two, in the persons of DJ Cuppy-Ifeoluwa Florence Otedola, the Celebrity Deejay and Temi Otedola, the top lifestyle blogger, but Tolani Otedola is the first born daughter and the eldest child of the certified Forbes billionaire, Femi Otedola.

Like the other 2, she's also very gorgeous too, a pretty girl by all standards and the eldest of the 3 gals, even older than the only son too. 

From the way the 3 daughters of FO, (which is one of the popular sobriquet by which Femi Otedola is addressed by most), have embraced their very creative and artistic sides, it is obvious that their parents have a very liberal leaning, unlike many of the kids of the super well to do, whose parents most often would have insisted that their kids should go find other meaningful things to do. So most likely FO might have had an agreement with his kids, that they finish school first, get your degrees and then thereafter go do whatever catches your fancy and I ll support you to the best of my abilities.

So Tolani, like her younger sibling DJ Cuppy has thought to explore her musical side, expressing her artistic gifts and showcase her talent to the world via singing and performing (music).

So as a star in the making, an emerging entertainment Sun, set to let her shine fall on all, she showcased her skills for the first time publicly yesterday, Friday, October 27, 2017 at that artistes enclave on Tiamiyu Savage, Victoria Island known to all as Terra Kulture.  Incidentally, that same street used to house FO's former business HQ- Zenon Oil head office.

This first showcase was a very privileged one at that, with the who-is-who of the business world attending to show support, to their friend and his daughter. The likes of Aliko Dangote, Samad Rabiu, Nduka Obaighena, Sam Iwuajoku, Segun Sebanjo, Aig Imohkuede, Herbert Wigwe, Mo Abudu, Dapo Balogun, Gbenga Oyebode, Tayo Ayeni, Bola Shagaya, Ijeoma Nwogwugwu, Muyiwa Bakare, Ladi Balogun, Niyi Adebayo, Donald Duke, Tunji Olowolafe, Aremo Segun Oniru, Mutiu Summonu, Biola Akinola and very many others all came and were all mesmerised! 

This emergence of a well supported budding new music talent, set like "Pinky & the Brain" to take over the world music stage, sure started on a good footing. Knowing her dad very well, if Tolani is as talented as she has displayed already, then we are sure that he would leave no stone unturned to make sure to help her realise her dream of becoming the "next international world music star" to emerge from Nigeria Africa.

Should we be expecting a "Grammy" award sometime in the future, from the Otedola's household? Never say never, is all we can readily respond with right now. But we can also say that for a first outing, she did give a good account of herself. 

NANA & FEMI OTEDOLA MAKES OUR PICTURE OF THE DAY

Multimillionaire owner of Forte oil, the one & only Femi Otedola is not all about work and no play. Like they say, ''all work and no play makes Jack a dull boy''. So our well heeled dude must surely believe in that saying and his putting it to work; As you all can see in this picture above, where he & his gorgeous & adorable wife Nana clowns around, while taking a selfie!!! So you all can see that the rich do relax!!!

We are totally loving the inside of one of Femi's humongous machines, with his famous initials FO emblazoned conspicuously on the car's head rests............