Saturday 14 June 2014

Much Ado about Billionaire Femi Otedola's 'cheap' mobile phones

The phones of billionaire businessman Femi Otedola,
whose father (Sir Michael Agbolade Otedola) was honoured
with a fabulous funeral weekends ago, have been the
objects of attention.

According to Encomium, those familiar with mobile phones
claim the mogul, who’s President of Forte Oil, enjoys
inexpensive phones, with one of them costing less than
N5,000!
One of the phones Nokia 6230 can be bought for about
N5,000! And the other, Nokia e50, as shown in the pictures,
retails for about N7,000.

The cost of the phones of the money man who’s one of
Nigeria’s richest is titillating many observers.
Many applaud the choice of inexpensive phones, saluting
the 49 year-old Lagos-born magnate as prudent and
simple.
But some are saying that the billionaire could do better by
using modern and expensive phones since he can easily
afford it. Aficionados believe Otedola could well afford a
Vertu (which cost over N1 million)! However, since the
pictures don’t actually show the ‘face’ of the phone, they
might be ‘coded’ (and very expensive).

Otedola, a stylish man who adorns only white buba and
sokoto brocade to official and social functions in Nigeria,
has a magnificent house in Ikoyi (Lagos) valued at billions
of Naira.
His Knightsbridge flat, London (the United Kingdom), is a
statement in opulence.
Lover of Mercedes Benz vehicles, he also parades a luxury
yacht anchored in front of Zenon Place, Walter Carrington,
Victoria Island, Lagos.

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