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Femi Otedola Recounts The Darkest Day Of His Life

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Femi Otedola Recounts The Darkest Day Of His Life

Femi Otedola Recounts The Darkest Day Of His Life

Nigeria billionaire, Femi Otedola has opened up on how he turned from committing suicide after losing $480 million in the diesel market sometime around 2008.



Femi Otedola Recounts The Darkest Day Of His Life

GWG.ng reports that Otedola, father of famed Nigerian disc jockey, DJ Cuppy, spoke of the perseverance and partnership he got from the CEO of his businesses, Akin Akinfemiwa at the point of his depression.

 

He spoke at Akin Akinfemiwa’s 50th birthday celebration in London on Tuesday.

 

According to a report in Nairametrics, Femi Otedola said that Akin Akinfemiwa played a major role in the revitalization of his businesses after he turned away from suicide following the slump in the prices of diesel which left him short.

He said:

 

“My relationship with Akin is what I would call, destiny prevails. In 2005 I had a friend that worked in Oando and she did mention to me that she has a colleague. And she called Akin and we spoke.”

 

“I set up my training company in London Fine shade energy, I was looking for a trader and I couldn’t find any good trader. I called Dimeji Edwards who was Akin’s boss. Akin picked up the phone to come and see me.

 

“So he came, and I said to him, listen I want to give you a job. Come and work for me. Then of course he went back to Wale and Mofe who were his bosses then (at Oando). And they said you want to go and work for that man? That has sacked 6 CEOs in 6 years.

 

“Now when I say destiny prevails, the business collapsed. I built a massive empire. I had 93% of diesel at my fingertips. I was a bit playful, and the business collapsed. The option I had then was to commit suicide. Then, of course, I thought of Nana and the kids. And I said no, I won’t commit suicide.

 

“I will face reality and sack myself and the business. So, I sacked myself. I made Akin the CEO of the London office, and I was so impressed by the way he turned around the business. I gave him 1% of the business. I now later, made him the CEO of Zenon Oil, and then the CEO of African Petroleum.”

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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Panic as Late Singer’s Mother Cries Out Over Alleged Kidnap of Son After Court Appearance

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Panic as Late Singer’s Mother Cries Out Over Alleged Kidnap of Son After Court Appearance

Panic as Late Singer’s Mother Cries Out Over Alleged Kidnap of Son After Court Appearance

Lagos was thrown into panic on Wednesday after the mother of the late singer, Abosede Aloba, raised an alarm over the alleged abduction of her son, Adura, by unknown gunmen. The incident, which took place outside the Magistrates’ Court in Ogba, has sparked outrage and concerns over the safety of individuals involved in legal disputes.

According to eyewitnesses, Adura was forcefully taken away by unidentified armed men immediately after leaving the court premises. Speculation is rife that the abductors may be law enforcement officers acting under undisclosed directives.

Reports indicate that Adura was at the court over a dispute with Damola Ayinde regarding the sale of a mobile phone. The legal battle, however, escalated into a broader case involving actor Yomi Fabiyi, Damola Ayinde, and other parties.

Mother’s Cry for Help

Following Adura’s sudden disappearance, his distressed mother, Abosede Aloba, was seen in a car weeping and calling for assistance. In an emotional outburst captured on video, she accused actor Yomi Fabiyi and another individual, Sam Jojo, of orchestrating the abduction.

“Please help me, people of God! It’s Yomi Fabiyi. They’ve taken my son, and I don’t know where they’re taking him,” she lamented.

Abosede further alleged that Adura was not in good health at the time of his abduction, raising fears about his well-being and safety.

Public Outcry and Calls for Investigation

The alleged abduction has ignited public outrage, with concerned citizens and human rights activists calling on the Lagos State Police Command to immediately investigate the incident and ensure Adura’s safe return.

So far, neither the police nor the accused individuals have issued official statements regarding the allegations. However, the growing tension surrounding the case has intensified calls for justice and transparency.

As of press time, efforts to reach Adura’s family for further updates have been unsuccessful. The situation remains fluid, with many awaiting clarification on the circumstances surrounding his disappearance.

 

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Meet Vice Admiral Ibas: The Military Strategist Now Governing Rivers State

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Meet Vice Admiral Ibas: The Military Strategist Now Governing Rivers State

Rivers State Under New Command: Can Ibas Steady the Ship?

Following the suspension of Rivers State Governor Siminalayi Fubara and his deputy, Ngozi Odu, President Bola Ahmed Tinubu has appointed Vice Admiral Ibok-Ete Ekwe Ibas  (rtd.) as the Sole Administrator of Rivers State.

With decades of military leadership, strategic governance, and maritime security expertise, Ibas is stepping into a politically charged role to stabilize governance and restore order in the oil-rich state.

Who is Vice Admiral Ibok-Ete Ibas?

Born on September 27, 1960, in Cross River State, Ibas has built an impressive career in the Nigerian Navy, holding several key military and administrative positions before retiring as the 22nd Chief of the Naval Staff (2015–2021).

He joined the Nigerian Defence Academy (NDA) in 1979 as part of the 26 Regular Course, earning his commission as a Sub-Lieutenant in 1983. Over the years, he gained extensive military training and strategic expertise:

  • Master’s in Defence & Strategic Studies – Quaid-i-Azam University, Pakistan
  • Amphibious Warfare Training – United States Marine Corps, Virginia
  • Underwater Warfare Specialist – NNS Quorra, Nigeria
  • Primary Pilot Training – Nigerian Air Force Base, Kaduna
  • Command & Staff College Graduate – Jaji, Nigeria

A Decorated Military Strategist

Throughout his naval career, Ibas served in various leadership roles, including:

  • Commander, Naval Air Base, Ojo (2006–2009)
  • Flag Officer Commanding, Western Naval Command (2013–2014)
  • Chief of Logistics, Naval Headquarters (2014)
  • General Managing Director/CEO, Nigerian Navy Holdings Ltd.
  • Chief of the Naval Staff (2015–2021)

As Chief of the Naval Staff, he played a key role in enhancing Nigeria’s maritime security, combating oil theft, and modernizing the Navy’s fleet. His tenure was marked by strategic reforms aimed at curbing piracy and securing Nigeria’s vast coastal waters.

What His Appointment Means for Rivers State

With his deep-rooted experience in leadership and crisis management, Ibas’ appointment as Rivers State Sole Administrator signals a firm, security-conscious approach to governance. His role will focus on:

  • Restoring political stability amid ongoing tensions
  • Ensuring security and economic continuity in the state
  • Maintaining order during the six-month suspension period

While his appointment has sparked mixed reactions, many view his military background as a strong asset in handling the volatile political climate in Rivers State.

As one of the most experienced security experts in Nigeria, Ibas now faces the challenging task of navigating Rivers State through a politically sensitive period.

Will he succeed in bringing stability, or will his appointment fuel further controversy? The coming months will reveal how the ex-Naval chief steers the ship in one of Nigeria’s most politically complex states.

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“I Am One of the Greatest!” – Rema Shuts Down Critics, Declares Confidence Is Not Arrogance

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I Am One of the Greatest!" – Rema Shuts Down Critics, Declares Confidence Is Not Arrogance

“I Am One of the Greatest!” – Rema Shuts Down Critics, Declares Confidence Is Not Arrogance

 

Nigerian Afrobeats sensation Divine Ikubor, popularly known as Rema, is making it clear—his self-confidence is not up for debate! The “Calm Down” hitmaker has fired back at critics who took issue with his recent bold claim of being among Afrobeats’ greatest artists.

In an explosive interview with Rolling Stone, Rema doubled down on his stance, insisting that acknowledging his greatness is not arrogance but a reflection of years of grit, hard work, and undeniable success.

“Why Should I Dim My Light?” – Rema Questions Critics

The 24-year-old superstar was unapologetic in addressing the backlash, challenging the notion that self-assurance should be seen as a negative trait.

“What stops you from saying you’re the best? You can say it and stand your ground,” Rema stated defiantly. “It is even humble to say four.”

His words sent shockwaves through the Afrobeats community, with fans and critics alike debating his bold self-affirmation. But for Rema, there’s no room for doubt—he has earned his place at the top.

“I’m Not Dissing Anyone – I Vouch for Afrobeats Unity!”

Drawing comparisons to Kendrick Lamar’s recent diss track, Rema pointed out that, unlike the American rapper’s “It’s just big me” declaration, he wasn’t trying to tear anyone down. Instead, his mission is to uplift the Afrobeats industry while taking his well-deserved seat at the table of greatness.

“I didn’t pull down the two, I didn’t pull down the three. I just see myself as one of the greats, and it’s a problem,” he explained. “I’m not saying ‘Oh fk everybody.’ I really vouch for the unity of Afrobeats.”**

Rema’s Unstoppable Rise – A Legacy in the Making

With record-breaking hits, international recognition, and a rapidly growing global fanbase, Rema’s confidence is backed by his achievements. Whether the critics like it or not, the Afrobeats prodigy is here to stay—and he’s not afraid to claim his crown.

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