Femi Otedola : A ‘Sexy’ Acquisition

If you have not heard that my egbon, the ever so sexy Femi Otedola is about to or has acquired about 5% of Transcorp,  then maybe you have been under a hole. The great news was broken by my brother Ugo’s Nairametric last night as I was about to go to bed and was discussed extensively on the Duke’s Summit.

With all that designer clothes Tony Elumelu has been wearing on Instagram and be posing, me don dey suspect that some money don enter o. Those ‘baffs’ have really improved so some excess money must have dropped from somewhere.

Seriously, Mr. Otedola has shown very clearly that he is an investment guru of global proportions. His clear understanding of the economy, its touch points and strategic positioning has clearly thrown him up as someone that should be studied.

He recently listed his Geregu and came out of that transaction with over N200 billion as I heard. His positioning in First Bank Group has not died down and now Transcorp. The next thing now, you will see him licking ice cream in Italy in a well-deserved reward.

For me, his fervent belief in the country and its economy is my main joy. With the funny economic indices, the uncertainty with the court cases surrounding the incoming administration and all the headwinds that usually would make discerning investors press the ‘hold’ button, did not deter Mr. Otedola from making such an aggressive incursion into the economy. His listing of Geregu, positioning in First Bank and now this with Transcorp is nothing but what I would call, ‘Patriotic investments’ and for that I will say well-done sir.

God bless you for our continued belief in this country. I hail you.