And his name is Femi Otedola.
At 601 on the Forbes list of billionaires, Otedola is the second Nigerian to be declared one of the world's richest people. Otedola is the son of a former politician who now controls the supply of diesel in Nigeria. For those who know, diesel is practically more important than oil as it is used to fuel the generators that have become a key component of power supply due to Nigeria's unreliable and even non-existent electricity system. As the CEO of Zenon Petroleum and gas, Otedola also plays a significant role in Nigeria's oil industry.
Unfortunately, Otedola has publicly accused his fellow Nigerian 'Billionaire Boy', Aliko Dangote, of reneging on a 'gentleman's agreement', and as such, retaliated with attempts at a hostile corporate takeover of one of Dangote's many companies. Nevertheless, it is encouraging to see more Nigerians join the ranks of other international billionaires as this will encourage others to not only work hard, but keep their monies transparent as Forbes will not list billionaires that stole money from public coffers or like late dictator Sani Abacha.
Related Articles of Interest:
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- Yar'Adua and the Pay Cut Issue
- How To Become A Millionaire
- Did Yar'Adua Lift The Cement Ban For the People's Interest
- Being Cynical About Cement, Nigeria & The IFC