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Majority shareholders of Forte Oil PLC have approved plans by Nigerian oil mogul, Mr Femi Otedola, to acquire the power subsidiary of the company
The trial of former Rep. Farouk Lawan resumed in Abuja on Monday with Femi Otedola, testifying that the $500,000 offered to the accused was from Department of State Service (DSS).
Mr Femi Otedola, a prosecution witness in the ongoing trial of a former member of House of Representatives, Mr Farouk Lawan, over bribery allegation has said the 500,000 dollars offered to the defendant is from the Department of State Service.
The majority shareholder of Forte Oil Plc, Mr Femi Otedola, is planning to buy out the company’s upstream services and power distribution firm to be ratified by the shareholders on Feb. 7.
The Presidency yesterday night clarified the status of the President of Dangote Group, Alhaji Aliko Dangote, named under the sub-head (Advisory Members) in the All Progressives Congress (APC) Presidential Campaign Council (PCC), unveiled yesterday, saying that Dangote “is not a member” of the APC PCC.
The All Progressives Congress, APC, has released the names of members of its Presidential Campaign Council for the 2019 elections.
Femi Otedola, chairman of Forte Oil Plc, says he agreed to sell his 75% stake in Forte Oil because he would like to maximise the opportunities in refining.
Majority shareholder in Forte Oil, Mr. Femi Otedola has concluded arrangement to divest his full 75 per cent direct and indirect shareholdings in the firm’s downstream business.
Reprieve has finally come the way of ailing actor, Victor Olaotan, as billionaire businessman, Femi Otedola, has offered to foot the bill for his treatment abroad.
Founder of Zenon Oil, Femi Otedola, on Wednesday, appeared before an Abuja High Court to testify in the trial of a former member of the House of Representatives, Farouk Lawan, for alleged fraud.
Businessman, Femi Otedola, on Wednesday, revealed that a former House of Representatives member, Farouk Lawan, demanded a $500,000 bribe from him to remove his company, Zenon Petroleum and Gas Limited from the list of oil companies allegedly involved in fuel subsidy fraud.
Former Deputy National Chairman (South) of the Peoples Democratic Party, Chief Bode George, has expressed shock over the endorsement of the All Progressives Congress governorship candidate in Lagos State, Mr Babajide Sanwo-Olu, by businessman Femi Otedola.
Business mogul, Femi Otedola, has endorsed the Lagos State governorship candidate of the All Progressives Congress, Mr. Babajide Sanwo-Olu for governor.
Tinubu is however said not to be particularly keen on conditions but fears that having literally pulled a gun on the governor, should he now lower it and back the governor’s second term quest, Ambode might come after him when he is re-elected.
British Prime Minister, Theresa May, has arrived at FMDQ Security Exchange building, Victoria Island, Lagos, for a meeting with the Nigerian business community.
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Kazakhstan has renamed its capital Nur-Sultan, in honour of the country's longtime president who resigned in a surprise move earlier this week.
The Police Command in Anambra has arrested three persons allegedly involved in production and circulation of a viral video where a nude woman was humiliated.
Mrs Iyabo Toluhi (nee Adesanmi), the elder sister of the late Prof. Pius Adesanmi, on Saturday described the death of his brother as a great loss to the family and community.
The Independent National Electoral Commission (INEC) has declared the All Progressives Congress (APC) candidate for Ibeju-Lekki State Constituency I, Mr Fatai Mojeed, winner of the supplementary election in the area.
Anambra South Senator-elect, Mr Ifeanyi Ubah, has pinched tent with a group of elected lawmakers in the incoming 9th Senate led by Sen. Ahmed Lawan.
Gov. Simon Lalong of Plateau says he is not jittery over the March 23 Governorship Election Re-run in the state.
An 18-year-old girl, Hadiyat Sikiru, has been allegedly killed by a stray bullet during a crossfire between suspected cultists/kidnappers and Police officers in Adamo community, Ikorodu area of Lagos.
Ahead of the Unified Tertiary Matriculation Examination, Prof. Ishaq Oloyede, Registrar, Joint Admission and Matriculations Board, said the board has introduced new innovations for the successful conduct of 2019 UTME.
The rescheduled election in parts of Imo State has been characterised by high rate of apathy, late arrival of voting materials, ballot box snatching and other forms of violence.
A chieftain of the All Progressives Congress (APC), Yekini Nabena, has asked the opposition Peoples Democratic Party (PDP) to forget the dream of taking over the governorship seat of Bauchi state, saying the Independent National Electoral Commission (INEC) has question to answer.