Nigerian Billionaire Oil Tycoon Femi Otedola Owes National Oil Company $16 Million, Refuses To Pay

Mr. Otedola, who in 2014 was listed by Forbes magazine as Africa’s 29th richest people, with a networth of $900 million, had since 2004 owed $16 million to the Pipelines and Product Marketing Company (PPMC), a subsidiary of the NNPC, according to sources who exposed the debt. Mr. Otedola, who owns Zenon Oil, Forte Oil PLC as well as other businesses, accumulated the $16 million debt between 2004 and 2008.
http://www.societyreelnews.com/nigerian-billionaire-oil-tycoon-femi-otedola-owes-national-oil-company-16-million-refuses-to-pay/