A few days ago, Nigerian oil magnate, Femi Otedola via a letter to the Nigerian Stock Exchange announced his decision to sell his 75% direct and indirect shareholdings in Forte Oil. (Read Here ICYMI)
The news was received with mixed reactions from Nigerians and while responding to a comment on Instagram, Otedola explained the reason for his decision.
In his words, ‘to diversify into other areas of the economy such as petroleum products refining that require huge capital outlay’.
See their exchange below ;
Read Also: ??
- Femi Otedola sells his Forte Oil 75% shares (Screenshot)
- Femi Otedola chills With his beautiful wife
- Femi Otedola celebrates his wife’s 48th birthday
- Mr Eazi visits Femi Otedola in his office, Temi Otedola reacts