Warning: explode() expects parameter 2 to be string, array given in /home/cityvhgm/topsocietyonline.com/wp-content/plugins/seo-ultimate/includes/jlfunctions/arr.php on line 50

Warning: array_map(): Argument #2 should be an array in /home/cityvhgm/topsocietyonline.com/wp-content/plugins/seo-ultimate/includes/jlfunctions/arr.php on line 51

Warning: array_map(): Argument #2 should be an array in /home/cityvhgm/topsocietyonline.com/wp-content/plugins/seo-ultimate/modules/meta/meta-keywords.php on line 125

Warning: array_diff(): Argument #2 is not an array in /home/cityvhgm/topsocietyonline.com/wp-content/plugins/seo-ultimate/modules/meta/meta-keywords.php on line 127

Warning: array_slice() expects parameter 1 to be array, null given in /home/cityvhgm/topsocietyonline.com/wp-content/plugins/seo-ultimate/modules/meta/meta-keywords.php on line 128

Warning: implode(): Invalid arguments passed in /home/cityvhgm/topsocietyonline.com/wp-content/plugins/seo-ultimate/modules/meta/meta-keywords.php on line 129
Templates by BIGtheme NET
Home / Business & Brand / Femi Otedola drops Forte Oil for Geregu Power Plc

Femi Otedola drops Forte Oil for Geregu Power Plc

In what may come as a surprise to many, billionaire businessman, Femi Otedola revealed that he has sold his interests in Forte Oil.

Otedola made the revelation on Wednesday on his verified Instagram handle, adding that he has moved on from being a player in the petroleum industry to focusing on his power generation business.

The businessman, who shared photos of the different brand changes that the oil company had undergone, wrote: “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.”

No tags for this post.

Related posts

About Agwazim Isaac Ifeanyi

Leave a Reply

Your email address will not be published.