Rich Men Self Dey Owe - Oil Tycoon Femi Otedola Owes National Oil Company $16 Million

Mr. Otedola, who in 2014 was listed by Forbes magazine as Africa’s 29th richest people, with a networth of $900 million, had since 2004 owed $16 million to the Pipelines and Product Marketing Company (PPMC), a subsidiary of the NNPC, according to sources who exposed the debt. Mr. Otedola, who owns Zenon Oil, Forte Oil PLC as well as other businesses, accumulated the $16 million debt between 2004 and 2008...Click Here To Read More

Source: SaharaReporters