Nigerian Oil Tycoon, Okoloko Reportedly Burdened By Multi-billion-naira In Debts To Estranged Wife’s Company, Enmeshed In Divorce Scandal | Sahara Reporters

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Nigerian businessman, Onajite Okoloko reportedly owes his estranged wife, Salma Okoloko, and her company, Techtonic Oil $37 million and N5.3 billion respectively through his company, Eroton Exploration. The duo are currently enmeshed in a messy divorce following allegations of extra-marital affairs. Okoloko is currently the Group Chief Executive Officer and Managing Director of Notore Chemical Industries Plc (“Notore”).

Nigerian Oil Tycoon, Okoloko Reportedly Burdened By Multi-billion-naira In Debts To Estranged Wife’s Company, Enmeshed In Divorce ScandalThe duo are currently enmeshed in a messy divorce following allegations of extra-marital affairs.

Okoloko is currently the Group Chief Executive Officer and Managing Director of Notore Chemical Industries Plc .The oil mogul is a founding partner of the Ocean & Oil/Oando Group and a former member of the Board of Union Bank of Nigeria Plc.He is also the Chairman of Midwestern Oil & Gas Limited and the Chairman of Eroton Exploration & Production Limited .

Despite a US court ordering the Nigerian billionaire to pay his debt, family members of Salma claimed he filed for a divorce in 2020 and threatened to kick the wife out of their Florida home with their two kids.“The funny part is, instead of filing for a divorce in Florida in the U.S. where they got married and where he confirmed as his place of residence, he went to Badagry, Lagos, paid a judge to assume jurisdiction and take the divorce case,” Salma’s relation alleged.

 

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