Femi Otedola Loses $750m In Stocks After Endorsing Tinubu – Report

Nigeria billionaire and son of former governor of Lagos State, Femi Otedola, reportedly lost $750 million in stocks at the close of trading on the day he endorsed Bola Tinubu.

 

Newsonline reports that just 2 hours after making a tweet on his endorsement of All Progressive Congress presidential candidate, Otedola not only had a bear at the Nigeria Stock Exchange trading but also lost his fan base by over 40%.

 

Femi Otedola had on July 5 posted a picture of Bola Tinubu and himself in France, and prayed that the APC presidential candidate became the president of the country.

 

“I am always excited visiting my Great Friend Asiwaju Ahmed Bola Tinubu @officialABAT

 

“May God grant him his heart’s desire in becoming the President of this great Nation.”

 

Just 2 hours after his Twitter post, the son of a former governor of Lagos State, Sir Michael Otedola, lost N313,525,200,750, (300 billion Naira) in his stock at the close of business day on the same July 5.

 

Femi Otedola stocks went down $750m dollars at the close of business today after he lost the respect of some 750 social media users.

 

A verified Twitter tweep, JJ. Omojuwa, @Omojuwa, who disclosed this on his handle said, “Femi Otedola stocks down $750m dollars at the close of business today after he lost the respect of some 750 social media users.”

 

READ ALSO: Otedola Endorsed Tinubu Because ASUU Strike Can’t Affect DJ Cuppy – Yusuf

 

The Lagos billionaire’s Twitter followers also dropped to 698K followers.

 

A tweep said,” Femi Otedola’s followers dropped from over a million in less than two hours to 600k+, People have made up their minds meeeeen..”

 

Femi Otedola endorsement of Buhari was seen by Peter Obi supporters as a disservice to a country they want to take back from corrupt politicians who have misruled the country.

 

Another tweep, Yusuf, stated, “Otedola is fighting for a system that will work for him not minding if it will work for you. So please, work for a system that will work for you, my people. A system that will work for Otedola is not a system that will work for you, my people.”