Trending News: EXCLUSIVE: Atiku’s Son-In-Law, Bashir-Haske, Declared Wanted By EFCC, Escaped With ‘Second Passport’ After Passport SeizureFG: Nigeria Positioned as Globally Relevant Mining HubMakinde: Southern PDP Leaders Have Taken Far-reaching Decision on State of PartyCBN Hits 4-year High External Reserves of $41.05bn, Targets $100bnMbah Unveils Reconstructed Hotel Presidential, Enugu, Extols Okpara’s VisionNUPRC Announces Completion of Marginal Field Licences Review, Says Qualified Firms to Be PublishedUmahi Mulls Termination of Lokoja-Ayingba, Okene-Itobe Road ContractsBauchi Unveils Economic, Investment Potential at Lagos RoadshowCourt Throws Out Massive $527m Civil Fraud Penalty against TrumpUzodimma Tasks Imo LG Chairmen, Others on Grassroots DevelopmentEno, Soludo: The Style Defines the LeaderAkwaaba Travel Market Unveils Strategies to Grow Tourism in AfricaLAPO MfB Introduces EduFinance Loans to Boost Access to EducationEthiopian Airlines, Finchglow Holidays Partner to Boost Tourism in AfricaBREAKING: Five Chinese Nationals Arrested Without Valid Papers Released After Alleged Lobbying By Retired Immigration ChiefBreaking: Foreign Reserves Hits $41.05bn Amid Improved Macroeconomic Stability, Investor ConfidenceBREAKING: Nigerian Aviation Authorities Question Ibom Air Crew, Passenger Comfort Emmanson Over Lagos Airport DramaAssociation Advocates Ban on Importation of Ready-made Garments, Urges FG to Protect Local IndustryMowe Golf Town to Open Experience Centre, Holds N500m African Art ExhibitionUNILAG VC Calls for Responsible Tech Governance to Curb Fraud, Disinformation Lagos Embarks on Landmark Transition to Circular Waste ManagementEzekwesili Advocates Building Africa’s New Class of Values-driven Political LeadersEmzor Pharmaceutical Successfully Repays Debut Series 1 Commercial PaperRMAFC Begins Remuneration Packages for Office HoldersBREAKING: Angry Mob Beats Suspected Female Kidnapper Nearly To Death At Ilorin MarketNELFUND Issues New Guidelines on Upkeep Loan DisbursementGateway Airport: A Legacy Project To Unlock Ogun Economic PotentialsKatsina Revokes Operational Licences of Private, Community Schools2027: Obidient Movement Unveils New Nigeria is Possible Campaign in EnuguEducation Key to Empowering Society, Says PENGASANWelcomeToNigeria Expo ‘2025: Tourism Industry Stakeholders Demand Infrastructure DevtBREAKING: Suspected Child Kidnapper Survives Near-Lynching At Ilorin Market After Police RescueEcobank Nigeria Unveils ‘Enduring Legacies’: Grand Tribute to Masters of Nigerian ArtSoludo Regrets Brutal Assault of Female Corps MemberBREAKING: Angry Mob Beats Suspected Female Child Kidnapper To Death At Ilorin MarketAdamawa Rescues 14 Children from Human Trafficking Ring, Hands over to ParentsEXCLUSIVE: Ethiopian Airlines Staff, Baggage Handlers Named In Case Of Nigerian Woman Maryam Detained Over Marijuana Bag In Saudi Arabia –HusbandNorthern CAN Urges Christians to Participate in Voter RegistrationRainstorm Destroys  Houses, Council Secretariat in JosGroup Accuses Oyebanji of Neglecting Healthcare, InfrastructureIn Japan, Tinubu Salutes Nigerian Military’s Momentum Against InsecurityMakinde Approves Ladoja as the 44th Olubadan, Installation Holds September 26REA, Delta Partner on Off-grid Power, Plan to Raise State’s GDP By $2.9bnNCC, Governors Forge Partnership to Boost Nigeria’s Digital EconomyTinubu Approves N45bn for FCT Water ProjectsEthiopian Airlines to Add Three Extra Flights to Abuja from October 28Access Holdings Expands Global Footprint with Trade Diplomacy, Social Impact in ZambiaBello: How I Got Donations, Sold My House to Build 540-Seater Auditorium for StudentsTwo Years of Renewed Hope in Tunji-Ojo’s Interior MinistryPen to Power: How Oketola’s Journalism now Shapes Academic Research, Public Policy  AI AND DIGITALISATION: NAL’S VERDICTIMBIBING THE SAFEGUARDING PRINCIPLE IN NIGERIANEW DIRECTION IN POLITICAL ALLEGIANCE IN KADUNAINSURANCE INDUSTRY AND RECAPITALISATIONFAREWELL, OLU-IBUKUN: BROADCASTING TRAIL-BLAZER AND MORESophos, Halcyon Introduce Anti-tamper Protection InitiativeBREAKING: Whistleblowers Network Sues Nigerian Govt, AGF, Others; Seeks To Block Fresh $396.6Million Payout To Senator Ned Nwoko, Linas In Paris Club DisputeTinubu Sacks NTA Management, Appoints Pedro DGMakinde Approves Ladoja As 44th Olubadan Nigerian Govt Closes 13.5Million Social Media Accounts For ‘Offensive Content’, Removes Nearly 60Million PostsTinubu Targets Economic Growth, Development in Osun, Says MinisterUNICEF, Katsina Unveil Committee to Promote Education How Uba Sani Reversed 54 Cumulative Years of Stagnation in Kaduna StateAt TICAD9 Conference In Japan, Tinubu Lauds Nigeria’s Armed Forces For Their Success Over Insurgency, Criminality2027: Northern CAN Urges Christians to Participate in Voter RegistrationPSC Uncovers 176 Non-serving Officers on Promotion List, Elevates 952 ASPs to DSP RankPolice Recruits Accuse Bauchi Training School Of Extorting N250,000 For Uniforms, BootsDocuments Expose How Tinubu’s Minister Wike Secretly Bought $2Million U.S. Mansion In Wife, Children’s Names –ReportLagos Withholds Billions As Over 20 Hospitals, Key Agencies Get Zero Funding From January–June 2025 –Budget ReportSoludo’s Wife Condemns Stripping of Female Corps Member by Vigilance OperativesTension, Fear as Police Raid Homes, Destroy Properties in BayelsaYoruba Elders, Statesmen Tasked  to Intervene in  Alaafin, Ooni  FeudBenue Gov Urges Journalist to Embrace Agric for Better TomorrowNASS Seeks Distinct Salary Structure, Job Security for Legislative Aides‘Nigeria’s $10bn Food Import Bill Unsustainable’Omojuwa Named Jaiz Bank Ambassador After RebrandNigeria’s ₦4 Trillion Electricity Bailout: Lifeline or Recurring Cycle?Gov Eno Sets New Leadership StandardNHRC: Swift Trials of Arrested Leaders of Ansaru Sect Must StartCourt Freezes Bank Accounts Linked to Ex-NNPCL GMD, Kyari, over Suspicious TransactionsGovernors Launch Platform to Attract FDIs, Say $2bn Yearly Inflow Less Than 0.5% of GDPAkinwumi Adesina: Africa Must Plug $580bn Leak to Reduce $2tn DebtAgain, Edun, Cardoso Meet on Deepening Coordination between Fiscal, Monetary PoliciesAbia Benefits from $750m World Bank Renewable Energy Programme, Collaborates with ISA to Develop Mini-gridsWike Backs August 30 Rivers Local Government ElectionsFG to Review National Telecom Policy, NCC to Disclose MNOs’ Quarterly Performance ReportsMOBILE TELEPHONY AND FIXED LINESRIBADU AND THE FALL OF ANSARUInvestors Lose N1.33trn on Profit-taking in Dangote Cement, 38 OthersOgun bye- election: Police Arrest 10 Suspected Cultists Allegedly Hired to Disrupt PollsHow the Nigerian Navy is Forging Elite SBS Warriors to Tackle Evolving Security ThreatsTHREATS TO 2027 ELECTIONS IN NIGERIAHow Embedded Generation Can Transform Nigeria’s Power LandscapeTHE BUMPY ROAD TO SELF SUFFICIENCYEXCLUSIVE: Power Struggle Rocks Federal University Oye-Ekiti As Pro-Chancellor Ndoma-Egba, Suspended VC Fasina, Reportedly Sabotage Acting VC ShittuEXCLUSIVE: Power Struggle Rocks Federal University Ado-Ekiti As Pro-Chancellor Ndoma-Egba, Suspended VC Fasina, Reportedly Sabotage Acting VC ShittuBREAKING: Nigeria Police Direct Retirees From 2007-2022 To Report For Urgent Pension Documentation In Port HarcourtOdu’a Investment Limited Celebrates 60 Years of Cocoa House BREAKING: Abuja High Court Adjourns Bail Ruling For Enenche Enenche Over Alleged Defamation Of Dunamis Pastor, Paul EnencheTuggar: Nigeria’ll Leverage TICAD To Deepen  Diplomatic, Economic Partnerships With Japan, African Continent 
Fri. Aug 22nd, 2025
Trending News: EXCLUSIVE: Atiku’s Son-In-Law, Bashir-Haske, Declared Wanted By EFCC, Escaped With ‘Second Passport’ After Passport SeizureFG: Nigeria Positioned as Globally Relevant Mining HubMakinde: Southern PDP Leaders Have Taken Far-reaching Decision on State of PartyCBN Hits 4-year High External Reserves of $41.05bn, Targets $100bnMbah Unveils Reconstructed Hotel Presidential, Enugu, Extols Okpara’s VisionNUPRC Announces Completion of Marginal Field Licences Review, Says Qualified Firms to Be PublishedUmahi Mulls Termination of Lokoja-Ayingba, Okene-Itobe Road ContractsBauchi Unveils Economic, Investment Potential at Lagos RoadshowCourt Throws Out Massive $527m Civil Fraud Penalty against TrumpUzodimma Tasks Imo LG Chairmen, Others on Grassroots DevelopmentEno, Soludo: The Style Defines the LeaderAkwaaba Travel Market Unveils Strategies to Grow Tourism in AfricaLAPO MfB Introduces EduFinance Loans to Boost Access to EducationEthiopian Airlines, Finchglow Holidays Partner to Boost Tourism in AfricaBREAKING: Five Chinese Nationals Arrested Without Valid Papers Released After Alleged Lobbying By Retired Immigration ChiefBreaking: Foreign Reserves Hits $41.05bn Amid Improved Macroeconomic Stability, Investor ConfidenceBREAKING: Nigerian Aviation Authorities Question Ibom Air Crew, Passenger Comfort Emmanson Over Lagos Airport DramaAssociation Advocates Ban on Importation of Ready-made Garments, Urges FG to Protect Local IndustryMowe Golf Town to Open Experience Centre, Holds N500m African Art ExhibitionUNILAG VC Calls for Responsible Tech Governance to Curb Fraud, Disinformation Lagos Embarks on Landmark Transition to Circular Waste ManagementEzekwesili Advocates Building Africa’s New Class of Values-driven Political LeadersEmzor Pharmaceutical Successfully Repays Debut Series 1 Commercial PaperRMAFC Begins Remuneration Packages for Office HoldersBREAKING: Angry Mob Beats Suspected Female Kidnapper Nearly To Death At Ilorin MarketNELFUND Issues New Guidelines on Upkeep Loan DisbursementGateway Airport: A Legacy Project To Unlock Ogun Economic PotentialsKatsina Revokes Operational Licences of Private, Community Schools2027: Obidient Movement Unveils New Nigeria is Possible Campaign in EnuguEducation Key to Empowering Society, Says PENGASANWelcomeToNigeria Expo ‘2025: Tourism Industry Stakeholders Demand Infrastructure DevtBREAKING: Suspected Child Kidnapper Survives Near-Lynching At Ilorin Market After Police RescueEcobank Nigeria Unveils ‘Enduring Legacies’: Grand Tribute to Masters of Nigerian ArtSoludo Regrets Brutal Assault of Female Corps MemberBREAKING: Angry Mob Beats Suspected Female Child Kidnapper To Death At Ilorin MarketAdamawa Rescues 14 Children from Human Trafficking Ring, Hands over to ParentsEXCLUSIVE: Ethiopian Airlines Staff, Baggage Handlers Named In Case Of Nigerian Woman Maryam Detained Over Marijuana Bag In Saudi Arabia –HusbandNorthern CAN Urges Christians to Participate in Voter RegistrationRainstorm Destroys  Houses, Council Secretariat in JosGroup Accuses Oyebanji of Neglecting Healthcare, InfrastructureIn Japan, Tinubu Salutes Nigerian Military’s Momentum Against InsecurityMakinde Approves Ladoja as the 44th Olubadan, Installation Holds September 26REA, Delta Partner on Off-grid Power, Plan to Raise State’s GDP By $2.9bnNCC, Governors Forge Partnership to Boost Nigeria’s Digital EconomyTinubu Approves N45bn for FCT Water ProjectsEthiopian Airlines to Add Three Extra Flights to Abuja from October 28Access Holdings Expands Global Footprint with Trade Diplomacy, Social Impact in ZambiaBello: How I Got Donations, Sold My House to Build 540-Seater Auditorium for StudentsTwo Years of Renewed Hope in Tunji-Ojo’s Interior MinistryPen to Power: How Oketola’s Journalism now Shapes Academic Research, Public Policy  AI AND DIGITALISATION: NAL’S VERDICTIMBIBING THE SAFEGUARDING PRINCIPLE IN NIGERIANEW DIRECTION IN POLITICAL ALLEGIANCE IN KADUNAINSURANCE INDUSTRY AND RECAPITALISATIONFAREWELL, OLU-IBUKUN: BROADCASTING TRAIL-BLAZER AND MORESophos, Halcyon Introduce Anti-tamper Protection InitiativeBREAKING: Whistleblowers Network Sues Nigerian Govt, AGF, Others; Seeks To Block Fresh $396.6Million Payout To Senator Ned Nwoko, Linas In Paris Club DisputeTinubu Sacks NTA Management, Appoints Pedro DGMakinde Approves Ladoja As 44th Olubadan Nigerian Govt Closes 13.5Million Social Media Accounts For ‘Offensive Content’, Removes Nearly 60Million PostsTinubu Targets Economic Growth, Development in Osun, Says MinisterUNICEF, Katsina Unveil Committee to Promote Education How Uba Sani Reversed 54 Cumulative Years of Stagnation in Kaduna StateAt TICAD9 Conference In Japan, Tinubu Lauds Nigeria’s Armed Forces For Their Success Over Insurgency, Criminality2027: Northern CAN Urges Christians to Participate in Voter RegistrationPSC Uncovers 176 Non-serving Officers on Promotion List, Elevates 952 ASPs to DSP RankPolice Recruits Accuse Bauchi Training School Of Extorting N250,000 For Uniforms, BootsDocuments Expose How Tinubu’s Minister Wike Secretly Bought $2Million U.S. Mansion In Wife, Children’s Names –ReportLagos Withholds Billions As Over 20 Hospitals, Key Agencies Get Zero Funding From January–June 2025 –Budget ReportSoludo’s Wife Condemns Stripping of Female Corps Member by Vigilance OperativesTension, Fear as Police Raid Homes, Destroy Properties in BayelsaYoruba Elders, Statesmen Tasked  to Intervene in  Alaafin, Ooni  FeudBenue Gov Urges Journalist to Embrace Agric for Better TomorrowNASS Seeks Distinct Salary Structure, Job Security for Legislative Aides‘Nigeria’s $10bn Food Import Bill Unsustainable’Omojuwa Named Jaiz Bank Ambassador After RebrandNigeria’s ₦4 Trillion Electricity Bailout: Lifeline or Recurring Cycle?Gov Eno Sets New Leadership StandardNHRC: Swift Trials of Arrested Leaders of Ansaru Sect Must StartCourt Freezes Bank Accounts Linked to Ex-NNPCL GMD, Kyari, over Suspicious TransactionsGovernors Launch Platform to Attract FDIs, Say $2bn Yearly Inflow Less Than 0.5% of GDPAkinwumi Adesina: Africa Must Plug $580bn Leak to Reduce $2tn DebtAgain, Edun, Cardoso Meet on Deepening Coordination between Fiscal, Monetary PoliciesAbia Benefits from $750m World Bank Renewable Energy Programme, Collaborates with ISA to Develop Mini-gridsWike Backs August 30 Rivers Local Government ElectionsFG to Review National Telecom Policy, NCC to Disclose MNOs’ Quarterly Performance ReportsMOBILE TELEPHONY AND FIXED LINESRIBADU AND THE FALL OF ANSARUInvestors Lose N1.33trn on Profit-taking in Dangote Cement, 38 OthersOgun bye- election: Police Arrest 10 Suspected Cultists Allegedly Hired to Disrupt PollsHow the Nigerian Navy is Forging Elite SBS Warriors to Tackle Evolving Security ThreatsTHREATS TO 2027 ELECTIONS IN NIGERIAHow Embedded Generation Can Transform Nigeria’s Power LandscapeTHE BUMPY ROAD TO SELF SUFFICIENCYEXCLUSIVE: Power Struggle Rocks Federal University Oye-Ekiti As Pro-Chancellor Ndoma-Egba, Suspended VC Fasina, Reportedly Sabotage Acting VC ShittuEXCLUSIVE: Power Struggle Rocks Federal University Ado-Ekiti As Pro-Chancellor Ndoma-Egba, Suspended VC Fasina, Reportedly Sabotage Acting VC ShittuBREAKING: Nigeria Police Direct Retirees From 2007-2022 To Report For Urgent Pension Documentation In Port HarcourtOdu’a Investment Limited Celebrates 60 Years of Cocoa House BREAKING: Abuja High Court Adjourns Bail Ruling For Enenche Enenche Over Alleged Defamation Of Dunamis Pastor, Paul EnencheTuggar: Nigeria’ll Leverage TICAD To Deepen  Diplomatic, Economic Partnerships With Japan, African Continent 
Fri. Aug 22nd, 2025

How I lost N200 billion – Femi Otedola 

Billionaire businessman Femi Otedola has opened up on one of the darkest chapters of his career, revealing how the global oil crash and a cascade of financial missteps wiped out nearly N200 billion of his fortune. 

The post How I lost N200 billion – Femi Otedola  appeared first on Nairametrics.

    • Hot Source

    Related Posts

    MTN Nigeria subscribers in three states to experience service disruption on Saturday 

    Subscribers of MTN Nigeria in parts of Adamawa, Borno, and Kano states will experience a temporary service disruption this weekend as the telecom giant carries out scheduled network maintenance to…

    Continue reading
    Non-bank corporates outshine FPIs as FX inflows surge 24% in July 2025

    Non-bank corporates have surpassed foreign portfolio investors (FPIs) for two consecutive weeks, indicating improved investor confidence and a 24 percent increase in foreign exchange inflows into the country for July…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Biz & Economy

    MTN Nigeria subscribers in three states to experience service disruption on Saturday 
    Biz & Economy

    Non-bank corporates outshine FPIs as FX inflows surge 24% in July 2025
    Biz & Economy

    How I lost N200 billion – Femi Otedola 
    Biz & Economy

    President Tinubu departs Japan for Brazil on state visit 
    Biz & Economy

    Experts Identify Factors Militating against Affordable Financing for Nigerian Airlines
    Biz & Economy

    From Ibadan’s Choir Stalls to Cyprus’ Studios: The Rise of Ricchie Mane
    Biz & Economy

    Stock Market Sustains Profit-taking Momentum, Drops by N781bn
    Biz & Economy

    Lessons from Passengers’ Interface with Airlines 
    Biz & Economy

    Marketing in the Age of AI: Balancing Precision with Human Connection.
    Biz & Economy

    FCMB,  Dutch Development Unveil N20m AgriTech Investment Readiness Programme 
    Biz & Economy

    New Leadership of Royal Exchange Uutlines Growth Plan, Share Price Rises
    Biz & Economy

    Pepsico, DP World, WaterAid Expand Wash Programmes in Nigeria
    Biz & Economy

    Curbing Accidents through Multimodal Investigation
    Biz & Economy

    EbonyLife ON Plus and Air Peace Team Up to Offer Members Exclusive Lagos–London Flights
    Biz & Economy

    How GTB moved money from my account without explanation — Customer

    How GTB moved money from my account without explanation — Customer
    Biz & Economy

    NELFUND clarifies decision to align students’ upkeep loan disbursement with institutions’ academic session
    Biz & Economy

    NUPRC calls for unified action to build resilient oil, gas sector

    NUPRC calls for unified action to build resilient oil, gas sector
    Biz & Economy

    NHIA chairman calls for N4 billion mental health funding in Nigeria’s 2026 budget 
    Biz & Economy

    UPDC’s investment vehicle declares 22 kobo dividends for H1, announces payment date and qualification
    Biz & Economy

    Who leads the palm oil sector? Presco Plc vs. Okomu Oil
    Biz & Economy

    Emzor Pharmaceutical Industries Ltd successfully repays debut Series 1 Commercial Paper; bolsters commitment to local manufacturing and health security 
    Biz & Economy

    Transforming borderless banking across Africa through innovation 
    Biz & Economy

    Top 10 African cities with the best healthcare systems in 2025 
    Biz & Economy

    Kalabash54, Outpayce from Amadeus partner to expand flexible flight payment  
    Biz & Economy

    SEC flags investment platform GVEST Global as Ponzi scheme, cautions Nigerians 
    Biz & Economy

    BREAKING: Nigeria’s FX reserves soar to $41 billion, hitting 44-month high 
    Biz & Economy

    FG offers N200 billion bonds for subscription in August 2025 auction 
    Biz & Economy

    Average petrol price slips to N1,024.99/litre in July 2025 — NBS
    Biz & Economy

    Nigerians dissatisfied with public healthcare service as satisfaction rate falls below 30% – Report 
    Biz & Economy

    NELFUND announces new policy on student upkeep loan disbursement to undergraduates 
    Biz & Economy

    Rainoil Limited receives 45,000MT Vessel, MT Princess Oge 
    Biz & Economy

    The Irishman Whiskey makes strategic entry into Nigeria’s premium spirits market 
    Biz & Economy

    NAHCO Excites Investors With 1,527% Return on Investment 
    Biz & Economy

    FCCPC’s new rule on loan app interest rates unsettles Nigeria’s digital lenders 
    Biz & Economy

    Thailand to roll out 200,000 free domestic flights in the next three months to attract global travellers 
    Biz & Economy

    Kogi loses appeal in N1.07bn Achuba case as Court fines Adedeji SAN N3m for abuse of process