Billionaire, Femi Otedola Reveals How He Sold His House, Borrowed Money From Dad To Do Business


Femi Otedola, Nigerian billionaire businessman and chairman of Forte Oil PLC, says his late father’s single gesture of magnanimity was the “turning point” for his success in the oil business.

The 56-year-old business mogul took to his Instagram page to disclose this while marking five years of his father’s demise. He revealed that he sold his house and also borrowed money from his father to buy diesel trucks.

He first shared his father’s photo (seen below):

He then wrote::

“It’s been five years without you, dad. 21 years ago when I sold the first house I ever built to buy diesel trucks, I also requested a loan and you graciously obliged which became a turning point in my success.

“Times truly goes by very fast but your memories remain. Rest on, my dearly beloved father. Rest on, Sir Michael Otedola.”

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