HOME
HOME
MUSIC
MUSIC
VIDEO
VIDEO
ENTERTAINMENT
ENTERTAINMENT

NEWS | SPORT | MOVIE  | COMEDY  | MIXTAPE

LYRICS | GOSPEL | GM TV  | INSTRUMENTAL

| LATEST ALBUM | CALL-US |


CLICK HERE FOR HOTTEST MUSIC

« | »


News

Femi Otedola Announces Exit From Forte Oil

Posted By:  on  June 20, 2019


Just months after Billionaire businessman, Femi Otedola informed the public that he would sell his shares to Prudent Energy, a local oil trading firm, he has finally announced his exit from Forte Oil.

Otedola, who was the Chairman and majority shareholder of Forte Oil Plc until recently, revealed on Instagram that he has sold his 75% stake in the oil marketing company and will now focus on his power generation business, Geregu Power Plc. He went on to wish his successors at Forte Oil “the very best”.

He wrote on IG:

A few years ago, my team and I embarked on an arduous task of transforming a moribund petroleum marketing business, African Petroleum Plc (formerly British Petroleum) into Forte Oil Plc; a leading integrated solutions provider with solid footprints in downstream petroleum marketing, Upstream Services and Power Generation and one in which we built intrinsic value to the benefits of our shareholders.

In line with my principle of business focus, we have divested from our marketing and upstream businesses and shall from now on focus and consolidate on the gains of our power generation business, Geregu Power Plc.

We wish our successors the very best and urge them to build on our legacies which have been established since 1964 ?? …F.Ote?

148 total views, 8 views today














LEAVE A COMMENT

Your Name


Your Comment: STORY: How Dog Safe A Baby Dumped By Mother Inside Beans Bag And Thrown Into Waste Bin

Police Arrest Davido For Breaking Head Of A Small Boy With Beer Bottle In Dubai







SPONSORED ADVERTISEMENTS


 

Get A Professional Artwork (Music Cover) & Intensive Graphics Design Here

 

Join Unique City Production, Become An Outstanding Model (Enquire Here)

 

Burn Fat, Cure Diabetes & Clean Off Skin Infections With Green Keto Fat Burner (See How To Use)

 

Artist UPLOAD/Sell Your Music On iTunes, Spotify, Amazon And BoomPlay (Enter Here)


Pages



« | »





%d bloggers like this:
%d bloggers like this:
%d bloggers like this: