Oil Mogul and Businessman, Femi Otedola has has made it known that he will be penning onto what he described as the ‘biggest deal ever’ very soon.

The billionaire in a statement discloses the ‘biggest deal’ as a done deal already but just waiting for the right and the best time to announce it to the public.

Otedola, who hinted that he would be diverting his attention into the power sector in June, this year, after he sold over 70% of his shares in Forte Oil.

According to Forbes, ”a banker who worked on the sale of Otedola’s shares in Forte Oil said the shares went for $250 million”.

In a message on Instagram on Thursday, the philanthropist said he was set to hit his ‘biggest’ business deal, an indication he would be announcing his new investment deal in days.

An investment vehicle controlled by Otedola had in February received approval from Forte Oil’s shareholders to enter into negotiations to acquire the power business of Forte Oil.

Otedola last featured on the Forbes list of billionaires in 2015 with a fortune estimated at $1.8 billion at the time.


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