When Cronies Fall Out

Atal, Maha
March 2009
Forbes Asia;3/30/2009, Vol. 5 Issue 5, p56
The article offers information on Nigerian billionaires such as Aliko Dangote and Femi Otedola and their competition over the Nigerian portfolio of Chevron Corp. It says that Dangote and Otedola rose to riches by being close to political power. It adds that Otedola lost to a 1 billion dollars bid with Dangote family investment firm M.R.S. Holdings in the auction to Chevron's retail and marketing business. It states that Otedola's lost to the bid triggered a silent corporate war between the two.


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