Revealed: How Taiwo Afolabi’s Sifax Oil & Gas Rakes In NBillions From Last Minute Subsidy Removal Deal!

Sifax Group Boss, Mr Taiwo Afolabi is a happy man at present.

And the reason for this is very simple- he just cornered billions of naira from a last minute subsidy removal deal.

Information made available to societynowng.com revealed that operating on inside information and leveraging on his influence within the corridors of power- Mr Afolabi via his Sifax Oil and Gas secured approval for the importation of ‘a high volume of refined Petrol’

He reportedly made the importation twice just before the window on fuel subsidy closed.

The Sifax Oil and Gas brought in the Petrol at subsidised rates- the company now sells to marketers at deregulated rate.

The deal is believed to have fetched him billions of naira profit- if the current situation persists.

Sources claimed he perfected the deal via “a high level ” contact in the presidency.

Informants maintained the ‘high level’ presidential contact has a stake in Afolabi’s Oil and Gas.

Low profile but very influential, the Sifax Group boss is tagged a ‘highly connected businessman’

His business empire is said to be made of myriads of contributions from stakeholders tagged ‘hidden power brokers’

He made his wealth with Sifax group operations primarily dovetailed into Sifax Shipping Ltd, Sifax Offdock Ltd, Sifax Stevedoring Ltd and Ports and Cargo Handling Services.

He delved into Oil & Gas business last year- judging from news coming in, he appears to have transformed the incursion into one of the most profitable of his investments.