FBN Holdings Plc, is the non-operating holding company that owns First Bank of Nigeria, one of Nigeria’s biggest banks In March this year, the Central bank of Nigeria dissolved the FBHN Board, and report has it Oba Otudeko, has since placed his shares up for sale Femi Otedola have purchased more than 5% of the company’s shares, making him immensely influential in the company’s decision-making.
FBN Holdings (FBNH) Plc, the parent company of First Bank, on Saturday confirmed that Femi Otedola has acquired a 5.07 percent equity stake in the company. The confirmation comes less than 24 hours after the company denied notification of possible acquisition of shares by the charismatic billionaire.
The company followed the statement with a warning to the public to disregard any information of a takeover. However, FBNH Company Secretary, Seye Kosoko, in another statement on Saturday posted on the Nigerian Exchange (NGX) Ltd website affirmed that Otedola and his nominee now own a 5.07 percent equity stake in the company. The statement reads: “We refer to our market disclosure on the aforementioned issue dated October 22, in which we stated that we will notify the public of any significant purchase upon receipt of information from the Shareholder.” “FBN Holdings Plc received notice from APT Securities and Funds Ltd this morning, October 23, 2021, that their client, Mr. Otedola Olufemi Peter, and his nominee, Calvados Global Services Ltd, had purchased a total of 1,818,551,625 units of shares from the company’s issued share capital of 35,895,292,791.”
Olalekan Ajimoti – Blogger, Content Writer, and Digital Marketer helping brands and retailers build 8-figure e-commerce since 2016.
As a corporate trainer, brand communications expert, and brand consultant, I help people start, stay and grow in business leveraging digital skills and traditional expertise.
