The businessman also alleged that in 2012, he told Mr Elumelu about his interest in Ughelli power plant and the
Nigerian businessman Femi Otedola has accused the chairman of
Mr Otedola made the revelation in a statement that marks his first public intervention in the recent battle for the soul of
The billionaire recently divested his newly acquired stake in
In his intervention Tuesday, Mr Otedola opened up on how he went bankrupt in 2008 and was betrayed by Mr Elumelu.
"I became Chairman of
"By the following year in 2008, I went bankrupt in
"Shortly after, Albert Okumagba informed me that an American firm wanted to acquire my shares in
The businessman also alleged that in 2012, he told Mr Elumelu about his interest in the Ughelli power plant and the
"Years later in 2012 Tony said he wanted to see me so we met in my office where I had previously had a meeting with foreign investors who had not yet departed the premises," he explained.
"Curious to know, he asked what sort of meeting I had had and I disclosed that I wanted to go into the power business, specifically Ughelli Power Plant. Tony quietly went ahead to bid for Ughelli and he outbid me by offering to buy the plant for
"And as some would say: the rest is history."
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Multiple telephone calls placed to
Rahmon Nosir, the head of external and media relations at UBA, were not responded to.
Mr Elumelu, as chair of
The discharge came one month after the
The requirements include available capacity, capital expenditure, human resources, health, safety and environment and corporate social responsibility.
Commissioned in 1966 with an installed capacity of 972MW, the Ughelli Power Plant, whose capacity had dropped to 300MW, became an asset of
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