Femi Otedola’s Forte Oil Quietly Paying Back Mega Money To Avoid Prosecution!

Information filtering in to societynowng.com revealed that bounced back money man, Femi Otedola has found a way out of the scramble of indictments rocking the petroleum industry.

Insiders disclosed to societynowng.com that the connected player in the sector labelled the engine room of corruption by Senate President Bukola Saraki has perfected a bargain that is seeing his company, Forte Oil pay back what is labelled ‘mega money’ to avoid prosecution.

Fresh information revealed that Forte Oil was listed as one of the targeted operators for investigation – and funds recovery. Femi Otedola
Information revealed the highly connected promoter of the Oil Company got wind of what was in the offing, and moved well ahead of the commencement of planned action against him and his company.

The man whose entrapment of Farouk Lawan, chairman of the House of Representatives probe panel on fuel subsidy threw of the famous cleansing of the now infamous petroleum subsidy payment is said to have struck a bargain with authorities to payback agreed sum.
According to a source ‘the gist of the whole thing is that Forte Oil is quietly paying back some N5billion…the arrangement was quietly made’

Societynowng.com revealed the deal struck well ahead of the current hounding of confirmed and perceived looters in the petroleum sector was meant to protect the billionaire and his company from all the unravelling mess and attendant bad unpalatable publicity – and appears to be achieving it objective(s).

Unlike Otedola, another player in the sector Jide Omokore though has arrived at the same arrangement, didn’t move early enough to avoid the un pleasantries of public knowledge of his situation.