Femi Otedola Earns N896 Billion from Geregu Power Stake Sale

Nigerian billionaire Femi Otedola has earned approximately N896 billion from the sale of his controlling stake in Geregu Power PLC (NGX: GEREGU), representing a significant return on his initial investment made in the company. Otedola's affiliated entities held a 76.38% stake in Geregu Power, which was sold for N1.814 billion.

The company's strong performance over the years, with consistent dividend payouts and market value growth, contributed to Otedola's substantial gain. This sale solidifies Otedola's position as a successful energy entrepreneur in Nigeria.