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Banks deployed beautiful ladies to woo me for deposits – Otedola

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Billionaire businessman, Femi Otedola, has revealed how banks once deployed “bewitching ladies” to secure his deposits and loans when his business empire was flourishing.

Otedola made the disclosure in his forthcoming memoir, ‘Making It Big: Lessons from a Life in Business,’ published by FO Books and scheduled for release on August 18, 2025.

In excerpts from the book seen by TheCable, the oil magnate detailed how a series of financial crises including the global crash in crude oil prices and the devaluation of the naira left his businesses deeply indebted and under immense pressure.

“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.

“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,” Otedola wrote.

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He recounted how drastically his fortunes changed, saying, “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.”

Otedola broke into the Nigerian mega business scene with Zenon Petroleum which grew from selling diesel in drums to owning the largest share of the local market.

He also acquired African Petroleum in the downstream market and rebranded it to Forte Oil Plc, at a time one of the highest performing in the stock market.

However, a diesel shipment he ordered in 2008 when crude oil was $147/barrel did not arrive until the price had crashed to $40, plunging him into massive debt.

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As a result of falling forex inflow, the naira was also devalued from N120/dollar to N167 in 2009 presenting Otedola with a double problem which include low diesel price and high dollar liability.

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Charly Boy celebrates daughter’s engagement to female partner

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Former president of the Performing Musicians Association of Nigeria (PMAN), Charles Oputa, better known as Charly Boy, has celebrated the engagement of his daughter, Adaeze, to her female partner.

The popular musician, also famously known as Area Fada, shared a video from the engagement ceremony on his Instagram page, describing Adaeze and her partner as his “beautiful Princess and her Husband.”

“Folks, wish dem well for me,” he wrote.

Adaeze also announced the engagement in a separate Instagram post, sharing a photograph of herself with her partner.

“WE’RE ENGAGED!” she wrote, using the hashtag #mrsandmrs.

She described the engagement as the beginning of a lifetime together, expressing excitement about their future.

“Here’s to a lifetime of love, laughter, growth, and making beautiful memories together. I can’t wait for everything God has in store for us. Forever sounds even sweeter with you,” she added.

The announcement has attracted mixed reactions from social media users.

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Nigerian-British social media influencer dies after $9,000 penis enlargement procedure in Thailand

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Igho Ubiribo, a Nigerian-British businessman and social media influencer, has reportedly died after undergoing a penis enlargement procedure during a luxury trip to Thailand.

According to findings from an inquest in the United Kingdom, 43-year-old Ubiribo died after the cosmetic treatment triggered a fatal pulmonary embolism.

The businessman, who was also known as “Tiny”, “Denisi” and “Ego”, was on holiday in Bangkok with his wife, Danielle Simba Allen, when he decided to undergo the procedure.

Reports from the inquest revealed that doctors injected about 40 millilitres of hyaluronic acid and lidocaine into his penis at an unnamed clinic in Thailand in March.

After the procedure, Ubiribo and his wife reportedly returned to their Marriott hotel, where they went for a massage.

It was during the massage that he complained of chest pain before collapsing and losing consciousness.

He was rushed to Sukhumvit Hospital, where he was initially able to respond to medical staff.

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His wife reportedly informed doctors that he had recently undergone penis filler injections, prompting concerns that the procedure may have been linked to his condition.

Medical personnel suspected a pulmonary embolism and recommended further scans, but Ubiribo reportedly lost consciousness before the examination could be completed.

Doctors later transferred him to intensive care, where attempts were made to revive him through prolonged cardiopulmonary resuscitation.

He was pronounced dead in the early hours of March 6.

A postmortem examination conducted in the UK later reportedly found material in Ubiribo’s lungs consistent with the hyaluronic acid used during the penis filler procedure.

Pathologist John du Parcq told the inquest that the substance discovered matched the material injected during the cosmetic treatment.

He said the findings supported the conclusion that Ubiribo suffered a pulmonary embolism caused by the procedure.

The coroner, Jean Harkin, subsequently ruled that the businessman’s death was caused by a pulmonary embolism linked to the cosmetic injection.

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A pulmonary embolism occurs when a blood clot or other material blocks a blood vessel supplying the lungs, potentially causing sudden breathing difficulties, heart strain and death.

During the inquest, information from Ubiribo’s doctor in London showed that he had previously undergone joint surgeries and had been described as pre-diabetic and suffering from gout.

However, his doctor reportedly said he had no other major medical conditions.

Penis fillers containing hyaluronic acid are marketed as a non-surgical option for increasing girth, but medical experts have warned that injectable cosmetic procedures can carry serious risks if complications occur.

Ubiribo was known for showcasing his luxury lifestyle on social media, where he had about 185,000 Instagram followers.

Reports said he owned a home in Los Angeles valued at about $1.1 million and a London apartment reportedly worth around $600,000.

He married Zimbabwean fashion designer Danielle Simba Allen in a lavish ceremony in 2022.

Following his death, Ubiribo was buried in London in a gold coffin, with reports claiming the funeral arrangement cost hundreds of thousands of dollars.

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Afrobeats singer Davido, who was described as a childhood friend of the businessman, attended the funeral and paid tribute to him.

The case has renewed attention on the potential dangers associated with cosmetic procedures involving injectable fillers, after medical evidence linked the treatment to the fatal complication.

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Help locate my husband! 68-year-old British woman cries out as 31-year-old Nigerian lover disappears after arriving UK

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For 68-year-old British citizen, Dawn Ottewell, it was literally love at first sight after she hooked up with 31-year-old Nigerian, Bright Emokpae on a popular dating App, Tinder.

But what began as a love story conceived in heaven and consummated on earth has ended in heartbreak and a desperate search for answers.

At the beginning,  Dawn, who obviously was consumed by love, quickly made efforts to facilitate Emokpae’s movement to the United Kingdom after their wedding.

But soon after he arrived in the UK on a spousal visa Emokpae disappeared into thin air. At the beginning, Dawn probably believed her new husband had simply stepped out and would be back soon.

But it soon dawned on her that new husband wouldn’t be coming back any time soon.

In a story published in the UK Sun, the love-struck 68-year-old said she met the Edo State born Bright when she was at the lowest ebb in 2021 and he brightened her life with love.

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At the time, Bright Emokpae was reportedly a student in Cyprus and Dawn went on a visit. The couple eventually got married in 2022.

In 2023 Bright was in Nigeria to complete formalities for his visa to the UK courtesy of papers filed by Dawn and he relocated thereafter.

Shortly after his arrival, Dawn claimed that Bright became withdrawn and was always asking for money from her and added nothing to the sustenance of the home.

The pair separated but reunited in October 2023. According to Dawn, Bright reconciled with her because she  received a £63,000 settlement following a botched NHS prolapse operation. But he bolted from their home once again.

Not willing to put up with Emokpae’s flight from home any more, Dawn wants a divorce but her man cannot be located to sign the papers with Dawn speculating that he may have relocated to Scotland.

“He’s done a runner and is refusing to sign the divorce papers because I believe he wants to cling on to his spouse visa,” she said.

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But Dawn’s main worry is that if she dies before the divorce papers are signed Bright could inherit her estate. “My biggest fear is that I’ll die before this is sorted out and he’ll run off with the money my three children should inherit,” she said.

She says she feels Bright simply used her to get into the UK and she’s appealing for help to locate him.

“I feel I’m being used,” Ottewell said.

She added, “I would advise people to be very careful who they marry, especially when the person is from abroad, because a lot of them are just doing it for a visa, and then they disappear.”

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