Billionaire Femi Otedola says he sold his Geregu Power stake to buy $100 million worth of Dangote Refinery shares
Billionaires Africa | 21.05.2026 23:23
Femi Otedola has been to the Dangote Petroleum Refinery 25 times. On Wednesday he finally said publicly what those visits have been building toward: he sold his stake in Geregu Power Plc to free up capital for a $100 million investment in the refinery's planned initial public offering.
