Mr Femi Otedola, billionaire businessman and chairman of First Bank Nigeria Holdings Plc, yesterday, acquired additional 797,946,415 units of the company’s shares through the Nigerian Exchange Limited, NGX, to sustain his majority stake in the company.The fresh acquisition further shows that Otedola’s shareholding has now reached 11.63 percent, the highest in the company.
It will be recalled that last week, Otedola, increased his stake in FBN Holdings, with the purchase of 546, 674, 034 units of shares valued at N12.01billion. Otedola bought the shares through Calvados Global Services Limited at a price of N21.97 per share at the Exchange. The billionaire businessman before then had 7.01% stake in the bank, behind Oba Otudeko’s Barbican Capital Limited which held an 8.67% stake. Julian Assange agrees to plea deal with Biden to avoid imprisonment in USCholera: Tinubu directs FEC to set up c’ttee to oversee emergency operationsBandits demand N20m levies, taxes monthly from Benue communities