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Femi Otedola announces his exit from Forte Oil

Billionaire businessman, Femi Otedola has announced his exit from Forte Oil.

This comes months after he informed the public that he would sell his shares to Prudent Energy, a local oil trading firm.

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”.

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