Otedola splashes N300m on Ferrari cars for daughters
chuks oti
Sep 16, 2020
Femi Otedola, Nigerian businessman and father to popular entertainer Florence Ifeoluwa Otedola (DJ Cuppy) has spoilt his three daughters with a Ferrari Portofino each.
READ ALSO: Democracy Day: Chris Igwe Prays for divine healing for Abia
The 57-year old philanthropist took his three kids shopping and bought the cars.
READ ALSO: ABIA: Otti Clears Hospital Bill For 18 Indigent Patients At Madonna Hospital |WATCH VIDEO
According to Edmunds, the least-expensive 2019 Ferrari Portofino is the 2019 Ferrari Portofino 2dr Convertible (3.9L 8cyl Turbo 7AM). Including destination charge, it arrives with a Manufacturer's Suggested Retail Price (MSRP) of about $210,783.
READ ALSO: Tension as Hunting Dogs Kill Herders' Goats In Katsina
AutoGuide gives a retail price of $215,000 for the 2020 Portofino, the most basic of the Ferrari brands.
In Naira terms the cost will be between N240 and N251 million at the official exchange rate of N387 to a dollar. In the parallel market at N465 to a dollar, it means the billionaire has spent about N300 million on the gifts to his daughters.
READ ALSO: Otti Reveals Who Owns Enyimba Hotel After Flag-Off Of Radisson Blu Project | READ DETAILS
READ ALSO DJ Cuppy shows off new pendant
READ ALSO: From Aba To London: Attend Life Fiesta Aba And Stand A Chance To Watch Flavour Live In The UK
Cuppy earlier today flaunted the cars on Twitter in a post that read "Papa took us shopping and bought one of each! #FerrariPortofino #CuppyDat."
READ ALSO: 2023: Respect Zoning Arrangement -Christian Fellowship Tells Politicians
The cars came with customized plate numbers.
See photos:
READ ALSO: BREAKING: [PHOTOS] How DSS arrested leader and members of #RevolutionNow in Osogbo, Abuja
News of the gifts has ignited a frenzy on Twitter, especially with Cuppy hinting the Ferrari may be the theme for a new song.
READ ALSO: Afrique Styles International Secured a Global Crown Platform for Nigeria | SEE PHOTOS
"Don't say I didn't warn you... Cuppy in a rarri! Two heartsCupcake Skrrrr skrrrr!"
Davido, in a retweet wrote: Congrats cuppy .... FireFire I will do the same for my daughters one day AMEN .. chai money good".
READ ALSO: Panic in Crypto market as 139,110 investors get burnt
Credits
Related Stories
Amstel Malta Unveils Easter Village in Aba, Awka, and Enugu to Bring Families Together for a Mega Easter Celebration
From Aba To London: Attend Life Fiesta Aba And Stand A Chance To Watch Flavour Live In The UK
"Thunder Will Strike You If You Don't Vote Tinubu" - Portable's Statement Sparks Outrage Over Dangerous Political Rhetoric | WATCH VIDEO
Otti Reveals Who Owns Enyimba Hotel After Flag-Off Of Radisson Blu Project | READ DETAILS
Afrique Styles International Secured a Global Crown Platform for Nigeria | SEE PHOTOS
Why Knowing Your Partner's Body Count Before Marriage May Be Important - Ifenkili Podcast Reveals | WATCH VIDEO
""
— chuks oti