Femi Otedola, born in Nigeria is the controlling shareholder of publicly traded Forte Oil, an oil marketing and power generation company.
Originally a Nigerian subsidiary of British Petroleum (BP), Forte Oil has more than 500 gas stations across the country. It owns oil storage depots and manufactures its own line of engine oils.
Otedola is one of Africa’s Billionaire with a net worth of $1.4 billion.
In 2013, Otedola led the company to purchase a government-owned stake in a gas-fired power plant in Kogi state in central Nigeria.
In September 2015, Swiss commodities giant Mercuria said it would acquire a 17% stake in Forte Oil for $200 million as of late February 2016 the transaction is not yet complete.
Otedola is a popular Businessman and Philanthropist in Nigeria.