“My father lent me the £250,000 that scaled up Zenon’s business”- Otedola

Billionaire businessman Femi Otedola credits his father, Sir Michael Otedola, for lending him £250,000 that helped scale up Zenon Petroleum, his oil trading company. In his memoir, "Making Big," Otedola highlights the crucial role his father played in providing both financial support and guidance.

Otedola recalls how his father's mentorship and backing were instrumental in his rise in the Nigerian business landscape. He also mentions financing his daughter, DJ Cuppy's, first major show, which unfortunately flopped.

Despite setbacks, DJ Cuppy has since become a successful DJ, producer, and advocate for philanthropy and youth empowerment. Otedola also acknowledges the influence of late Wahab Folawiyo in shaping his entrepreneurial outlook.

Despite facing challenges, such as a controversial fuel subsidy scandal in 2012, Otedola has maintained his innocence and continues to be a prominent figure in Nigeria's energy sector.