“What Will Mr Otedola Do Next?” – DJ Cuppy Reacts As Father Sells Forte Oil, Florence Ifeoluwa Otedola, professionally known as DJ Cuppy, the daughter of Chairman of Forte Oil Plc, Mr Femi Otedola, has congratulated her father in a new Tweet on the sale of Forte Oil, but asks a critical question on what next.
Yesterday, Mr Femi Otedola announced the completion of the sale of all his shares in the firm’s downstream and upstream businesses after disclosing on December 24, 2018, the divestment by its majority shareholder, with Otedola saying he had reached an agreement with the Prudent Energy team, investing through Ignite Investments and Commodities Limited, to divest of his full 75 per cent direct and indirect shareholding in the company’s downstream business.
Otedola, on his verified Instagram handle on Wednesday, said he had exited the downstream and upstream sub-sectors of the oil and gas industry but he did not disclose the buyer of his stakes in the upstream business.
Her daughter, Dj Cuppy however reacted to the development with the tweet below;
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