Femi Otedola has revealed his mixed experiences at the hands of Nigerian banks.
Otedola made this revelation in his upcoming book, ‘Making It Big: Lessons from a Life in Business’, published by FO Books and slated for release on August 18, 2025, which TheCable made public revealing a part in which the billionaire investor and philanthropist, detailed how banks courted him with women for deposit sake and turned hostile in order to recover debts he owed them when his fortune plummeted in 2009.
“All told, I lost more than US$480 million to the plunge in oil prices, US$258 million through the devaluation of the naira, US$320 million because of accruing interest, and another US$160 million when the stocks crashed,” an excerpt from the book according to the publication reads.
“It was devastating, like a terrible nightmare, but a nightmare would have been better: day would break, and I would wake up. There was no waking up from this.
“One moment, I was the darling of the banks, who did everything in the world to court me, do business with me, give me loans, take deposits from me. They would send bewitching ladies to make their offers more convincing, and now I was waking up to the sight of hefty, barrel-chested men standing menacingly in front of my gate, waiting for the moment I’d step out of my compound,” it quoted another section of the biography.
