Nigerian Billionaire tycoon, Femi Otedola steered an uproar on social media after he gifted his three daughters, DJ Cuppy, Temi, and Tolani Otedola 3 customized Ferrari Portofino.
This was made known by Cuppy herself via her social media pages.
The award-winning disc jockey who is currently enjoying the success of her debut album “Original Copy” shared photos of herself posing with her customized Ferrari Portofino.
She also shared photos of herself and Temi posing with all three cars.
The cars were customized with their brand names; Cuppy, JTO, and Tolani. The cars also came in different colors, Cuppy’s own in pink, Temi’s in Brown, and Tolani’s in Blue.
According to Google, a Ferrari Portofino is worth $215,000 which converted to Naira is 83,297450.
Femi Otedola (born 4 November 1962) is a Nigerian businessman, philanthropist, and former chairman of Forte Oil PLC, an importer of fuel products.
Otedola is the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate, and finance.
He has recently invested in power generation as part of the liberalization of the sector in Nigeria.
Otedola’s first daughter, Tolani, is a singer. After she was born, he married Nana Otedola and had two more daughters—Florence Ifeoluwa and Elizabeth Temi—and a son, Fewa.
Florence Otedola, aka DJ Cuppy, is a DJ and music producer, as well as a tourism ambassador for Nigeria. Her younger sister, Temi, is a style blogger and aspiring designer. Otedola has homes in Lagos, Abuja, Dubai, London, and New York City.
In December 2016, Otedola was embroiled in a controversy where two Toronto-based sisters—Jyoti and Kiran Matharoo—reportedly tried to extort him by cyberbullying and blackmail, claiming they had evidence of Otedola cheating on his wife that they would post on a notorious sex-scandal website.
The sisters dispute Otedola’s account. According to their account, Jyoti met Otedola, straight out of University, in 2008.
He whisked her and Kiran to Nigeria and began an affair with him.
They acknowledge that his gifts enriched them, as did gifts from other wealthy boyfriends, but dispute they ever engaged in blackmail, or even demanding gifts.