City, Nigeria – Billionaire businessman Femi Otedola don drop some hot tea for his new memoir wey go drop on August 18, 2025. The oil magnate talk about di serious beef wey happen between him and former president Olusegun Obasanjo for 2004 concerning diesel importation wahala. As Otedola dey yarn, e say Obasanjo vex reach full level when dem tell am say diesel no dey again after di deregulation wey him (Otedola) don advice am to do.

According to Otedola, na di enemies wey dey inside NNPC (Nigerian National Petroleum Corporation) and other market players wey no wan make wahala stop, scatter di entire plan. Otedola, who dey run Zenon Petroleum wey don turn dem market upside down after di deregulation, recount di time wey Obasanjo call am for phone around 2am dey shout say, ‘You’re a stupid boy! God will punish you! You persuaded me to deregulate diesel, and now there’s no diesel in the country!’

Na wah oo! Dis one no be small shout. Otedola rush go Abuja di next day, and as e show face, Obasanjo still dey vex. He talk say, ‘What kind of rubbish is this?’ Otedola calmly let am know say, ‘Baba, no be me dey lie. I get six ships for sea ready to discharge diesel, but competition dey backbite me.’ (This one na classic cases of market drama ehn!).

As di whole matter dey unfold, Otedola need to show di public say diesel dey available. Him propose to Obasanjo make dem do advert for national newspapers to clarify wetin dey happen. Otedola sabi say na di people wey dey inside NNPC wey dey feel dey lose if market free up, dey push di wrong information. Dem wan continue enjoy di sweet life of importation and subsidy.

Obasanjo, wey no wan carry last, later accept say despite di noise, sometimes, e fit trust Otedola because na di only way everything go make sense again. Otedola conclude say while di tension dey high, e enjoy di opportunity to clear di air, ensuring say Obasanjo fit understand am. If Otedola fit turn angry president’s steam to calm water, na im fit share am for memoir na im go sell well.

As we dey look up to di memoir, we dey feature Otedola as a savvy businessman wey sabi wetin to do as e relate with political powers. Diesel storyline just remind us say business and politics dey twist dem kon turn jigsaw puzzle sometimes.