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Nigeria

VIDEO: Otedola Places $100M Stake In Dangote Refinery

Channels TV about 1 hour 1 mins read

Femi Otedola, chairman of First HoldCo, has announced plans to invest $100 million in the Dangote Refinery.

Otedola disclosed this on Wednesday after leading a delegation of top executives from First HoldCo on a visit to the Dangote refinery.

“From on a personal note, I’ve appealed to him (Aliko Dangote). I’ve been here with him 25 times, so my compensation is he’s going to allocate to me shares worth $100 million in the private placement,” the billionaire said.

Watch video below: