Banks Sent Pretty Ladies To Woo Me For Deposits

Banks Sent Pretty Ladies To Woo Me For Deposits - Femi Otedola

By Michael Ehindero August 05, 2025

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 for thcoming 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, 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.

"Alltold, Ilost 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.

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