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| FO & GORGEOUS DAUGHTER CUPPY |
For the past few months now, the billionaire owner of Forte Oil had had to deal with sundry issues. One of the major one was that he wasn't as liquid as he had always been, the reason mainly was that he was far too stretched by his indebtedness to some financial institutions. When the situation was bad, it was very bad, it took the grace of God and some super fantastic and deft financial manoeuvrings to take some of the tension and stress off the made man, one of the casualties of that dark period was the loss of his then Oando building on Ajose Adeogun, Victoria Island. If not for some investments especially real estates that were of great value, it might not have been nice at all.
But thank God for his grace, some of the troubles of the past have since become lessons to learn from and like the proverbial saying that goes thus ''The ram that took a reverse back, only did so to gather more strength, the handsome husband of Nana Otedola, who only just buried is beloved dad some days back, seem to be back on the good rollercoaster. Things are looking great again, the liquidity situation seem to have become a thing of the past. For mere mortals, what FO went through could have made some to take matters into their hands. Now after only a couple of months, Forbes Africa has claimed that FO is back with a massive bang!!! Earning a whooping $398 million dollars in only 3 months (between March 3rd & June 2nd), that's about 67 billion Naira plus or minus.
How did that happen? It's because shares in his oil & gas concern, Forte Oil appreciated by a whooping 167% in less than 100 days.
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