Highly connected Abuja businesswoman, Princess Abiodun Folashade Omotade has acquired a factory in Ogun State for an undisclosed but mouth-watering amount of money said to run into several millions of Naira.

We gathered that she recently sealed the deal with the management of the company originally owned by an Italian. The companies deal in cement packaging bags and refuse disposal bags.

It was gathered that the turn-around of the outfit will commence soon with experts being expected from Asia.

Princess Omotade who will be 50 years old next month has been in corridors of power in Abuja since the late Gen. Sani Abacha days as head of state. She has investments in oil and gas as well as banking and manufacturing.

Married to the late Deji Omotade, (ex-permanent secretary in the Federal Ministries of Industries and Federal Capital Territory at different times), she is a regular face at Aso Rock Presidential Villa and hails from Abeokuta, Ogun State.