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FBN Holdings denies claims by Media that Otedola has majority stake in the Company

The First Bank of Nigeria, (FBN) Holdings Plc on Friday, 22nd, denied claims by online media that a Nigerian Enterpreneur, Femi Otedola has procured majority stake in the bank.



This was contained in a statement signed by Seye Kosoko, The FBN Secretary, obtained from Nigerian Exchange Limited, which states that the bank is yet to receive any notification from the individual mentioned on such procurement.

The Statement reads, "The attention of FBN Holdings Plc has been drawned to media reports purporting that a certain individual has acquired significant shareholding interest in FBN Holding Plc, therefore making him the majority shareholder in the company.

"We operate in a regulated environment which required notifications of significant shareholding by shareholders to the company where shares are held in different vehicles, further to which the company will notify the regulators and public as appropriate."


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FBN FBN Holdings Femi Otedola Holdings Plc Nigerian Exchange Limited

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