Femi Otedola's £12 million luxury Yacht

Femi Otedola owns this toy, anchored to the Lagos Lagoon. Femi daytime job is manipulating prices of diesel, kerosene and petrol (gasoline) at various Nigerian ports of entry. 

It is Nigeria's equivalent of cocaine peddling, but a Mexican drug lord made it to the Forbes billionaire list, so, why not Nigerian crooks? Femi did not pay import duties on the yacht, so what, he doesn't pay import duties on anything period! 

This is "Nana" Femi Otedola's luxurious yacht. It is the latest in high end recreational boats and the cynosure of all at the pier in front of Zenon House on Eleke Crescent, Victoria Island. The captain is of course a white man and from all indications, Mr Otedola is out to take care of his boat which must cost a pretty penny. This is how the rich relax.

I HAVE ALWAYS SAID IT THAT, THERE IS NO LEGITIMATE BUSINESS MAN IN NAIJA. THEY MONOPOLISE TO INFLATE COMMODITIES TO THE DETRIMENT OF THE PEOPLE, WITH THE HELPS OF THERE BENEFACTORS IN GOVERNMENTS. IF BILL GATE, AN INVENTOR COULD BE SANCTION FOR MONOPOLISING HIS OWN INVENTION IN AMERICAN & EUROPE THAN, PEOPLE LIKE DANGOTE, OTEDOLA ETC WOULD BE ALLOW TO MONOPOLISED IMPORTATIONS AND COMMODITIES IN NAIJA. IT SPEAKS VOLUMES OF THOSE RULING US.

I once said it that I did not and do not have much respect for a lot of the so called Nigerian businessmen/women. To him, this is more evidence of our business moguls, their modus operandi and purported business acumen. 

Most of them do nothing but steal their way to a lot of money accruing from crude oil sales and stake their claim to being businessmen. They cannot compete on an honest level and have to stoop to underhanded methods to stay in business. Having said all... I will not take away credit from this guy... Femi Otedola is an intelligent man who is happily married to Nana, with 3 daughters and one son. They all reside in London.