Money Man, Femi Otedola Opts To Spend More Time Abroad, As Threats & Mess In Oil World Turn More Ugly

…investment managers oversee ’empire’

Money man, Femi Otedola has quietly opted for a new way of life.

He now spends more time out of the country than inside societynowng.com learnt.

According to information at the bounced back money now spends more time Dubai – the much sought after place of leisure and investment he recently went for vacation- along with daughter Florence widely known as DJ Cuppy.

Findings by societynowng.com revealed the mess decorating his business turf, the Oil Industry the largely the cause of his decision.
Femi Otedola

The situation is said to have turned ugly with major players fighting the battle of their lives to affect prosecution as investigator intensify efforts to determine and get beneficiaries of convoluted corruption to refund looted funds – as well as dish out sanctions.

Femi Otedola is fingered as one of those that provided investigators with ‘valuable’ information on how to go about the business.

The oil man that rose to prominence as helms man of Zenon Oil is said to have gone as far providing names colleagues to be investigated.

The development is said to have put him at great odds with the affected industry players, their associates and sympathisers in and out of business.

The fallout was threats to his life and businesses.

Sources divulged while he sought protection reporting the increasing hate against his
Femi Otedola & DJ Cuppy

person and commerce, the money man quietly opted for a more discreet measure – he decided to stay out of the way and operate from environment that offers increased protection.

Additional information has it he has since perfected the handover of his myriads enterprises – including new vehicle of recognition, Forte Oil to investment managers to free up his time.

The deal is said to see him receive agreed returns at specified intervals while the business handlers remain in charge – the arrangement is however said to be structured in such a way that he gets critical updates and retains decision on major moves.