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Meet African Billionaire Femi Otedola – African Billionaires Club!

Nigerian Billionaire owner of Zenon Oil.

He is the 601th richest person in the world according to Forbes

Femi used a majority stake in African Petroleum to get himself appointed as chief executive last year. Now he plans to merge it with his private firm, Zenon, to create the continent’s largest oil company. The deal has stalled in the face of government concerns about a monopoly, with Otedola’s assets temporarily frozen last winter.

He claims fellow billionaire Aliko Dangote broke an agreement when he challenged Zenon’s bid to buy ChevronTexaco’s local subsidiary in September. In retaliation, he starting buying shares in Dangote’s publicly traded sugar company

This guy is the 2nd African to be on the Forbes Richest people in the world

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