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.