Femi Otedola (source: Instagram
Femi Otedola (source: Instagram

Billionaire businessman, entrepreneur Femi Otedola has revealed the reason he stopped making use of wristwatches.

Concise news reports that Otedola made the revelation after an Instagram follower made his observation that the billionaire does not wear watches.

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Stating his reason in the comment section, Otedola said he stopped using it since three years ago based on technological advancements.

He said “I started wearing a watch when I was 12 years old and I stopped three years ago. technology has ended our necessity for the archaic wristwatch. Less is more”

Otedola is the former chairman of Forte Oil PLC, an importer of fuel products and the founder of Zenon Petroleum and Gas Ltd.

In March 2009, Otedola became the second Nigerian after Aliko Dangote to appear on the Forbes list of dollar-denominated billionaires, with an estimated net worth of $1.2 billion.