Otedola also talked about how he lost the $1.2b
In 2008, oil prices collapsed from $146 to $34. And he had over a million tons of diesel on the high sea. The naira was also devalued, and he had a lot of dollar exposure.
Femi Otedola talks about how he repaid his debt of over $1.2b in 2008
He gave up 184 flats, all his shares in 🇳🇬 banks, African finance Corporation, Transcorp Hliton, Mobil, Chevron, Visafone,etc
He was left with a house & office in Lagos, a house in abuja, and 37% stake in AP