As we put on generating sets, kerosine lamps and stoves due to the disaster called PHCN the “Diesel and Kerosine King” runs smiling to the bank and is now on the Forbes List of the Richest Men in the world.

http://www.forbes.com/lists/2009/10/billiona ires-2009-richest-people_ Femi-Otedola_ S6CU.html

The World’s Billionaires
#601 Femi Otedola

Politician’s son used a majority stake in African Petroleum to get himself appointed its chief executive last year.

Net Worth:$1.2 bil
Fortune:self made
Source:Energy
Age:42
Country Of Citizenship: Nigeria
Residence:
Industry:Energy
Education:NA,
Marital Status:married, 4 children

Politician’s son used a majority stake in African Petroleum to get himself appointed its chief executive last year. Now he plans to merge it with his private firm, Zenon, to create the continent’s largest oil company. Deal has stalled in the face of government concerns about a monopoly, with his assets temporarily frozen last year. Nigerian regulators lifted the ban in January. Conflict abounds in Otedola’s life: he claims his friend and fellow billionaire, Aliko Dangote, broke a gentleman’s agreement when he thwarted Zenon’s bid to buy Chevron‘s local subsidiary in September. In retaliation, starting buying shares in Dangote’s publicly traded sugar company.