EX President Obasanjo, Femi Otedola Fall Out

…Zenon Oil boss delves into new biz sector

The passionate relationship between former president Olusegun Obasanjo and hugging the shadow money man, Femi Otedola has cooled down.

Sources claimed they have drifted apart courtesy of a fall out.

However unlike Otedola’s celebrated spat with wealthy Nigerian, Alhaji Aliko Dangote- this development is being well managed.

The Zenon Oil boss currently promoting another of his company Forte Oil is said to have carefully gravitated away from his closeness to the former president.

Insiders allege disappointment in business expectations he placed on the former president the reason for this cause of action.

The loss of face and business Otedola suffered in the manner he engaged Dangote ( he was all over the pages of newspaper and magazines with trade and personal secrets he thought would hurt Dangote- while the former maintained a stoic silence) is said to be the reason for his guile in present deal with the former president.

Otedola- Dangote and a couple of others- were tagged anointed sons of the present when chief Olusegun Obasanjo was in power.

The closeness with the then number one citizen reportedly earned them mega businesses- with Otedola widely regarded as major influence in the down stream sector.

His larger than life business status went down hill after his celebrated spat with Dangote and in the short lived tenure of late president Umar Musa Y’aradua.

Business decisions, with government inputs, he thought would favour him severally turned otherwise.

In such cases that he hoped former president Obasanjo would step in on his behalf- he was met with disappointments.

The former president reportedly not comfortable with his verbiage against Dangote- and the inherent danger in associating with him- gave him the shoulders.

Sources claimed the development resulted in the current well managed fall out existing between the duo presently.

Further investigation by societynowng.com revealed that as part of moves to ensure his survival and return to old glory- Otedola is currently exploring other businesses outside of his terrain.

Informants claimed he just finished a comprehensive study of his target business.

Sources claimed he intends to launch with the support of foreign partners.

Insiders revealed in other to protect the mega business from the controversies of his past dealings- the low profile money man intends to operate through a third party.

The planning towards initialising the project is said to have reached ‘an appreciable stage’

Sources claimed the new business operation ‘revolves around computing’