Comeback billionaire , Femi Otedola, has recalled how contemplated committing suicide when he lost the financial empire he had built in 2008.
It was a year he lost some $480,000 he had accumulated as the biggest player in the diesel space.
As ‘Daily Trust’ reports, he disclosed that his failure was so abysmal that his colleagues mocked him when Akin Akinfemiwa, the Chief Executive Officer (CEO) of Geregu Power Plc, wanted to work with him at that time.
The oil magnate said it was the thought of his wife, Nana and their children that halted the suicide thought.
“I set up my training company in London Fine Shade Energy, I was looking for a trader and I couldn’t find any good trader. I called Dimeji Edwards who was Akin’s boss. Akin picked up the phone to come and see me.
“Now when I say destiny prevails, the business collapsed. I built a massive empire. I had 93% of diesel at my fingertips. I was a bit playful, and the business collapsed. The option I had then was to commit suicide. Then, of course, I thought of Nana and the kids. And I said no, I won’t commit suicide.