The saying that the rich also cry is one which is quite popular.
While businessman Femi Otedola is not crying he is in a position in which he would rather not be.
Following a dip in the shares value of Forte Oil, the oil mogul has found himself kicked out of the Forbes magazine’s Africa’s billionaire list.
However, this is a familiar turf for the man, as it would be recalled that Otedola almost went into a financial crisis some years back following issues with his banks.
However, like the shrewd businessman he is, he bounced back into reckoning as one of Nigeria’s and indeed Africa’s richest men.
The position which Otedola is presently is not one which many billionaire businessmen would love to be. However, time will tell how soon he will bounce back or if his company would sink the more.
Post Views: 1,246
