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Otedola Yet To Notify Us Of Acquisition -First Bank.

The holding company of First Bank of Nigeria, FBN Holdings Plc, has said that it has not received any notification of acquisition from the former CEO of Forte Oil, Femi Otedola

In a statement sent to the Nigerian Exchange Limited, the Company Secretary, Seyi Kosoko, responded to the reports that Otedola had allegedly obtained 5 percent of the company's shares noting that such was not tenable in the field the company operates. 

The statement read in part, "The attention of FBN Holdings Plc (the Company) has been drawn to media reports today, 22 October 2020 indicating that a certain Individual has acquired significant shareholding interest in FBN Holdings Plc {the Company) therefore making him the major shareholder in the Company,"

The reports circulating would indicate that Otedola would be the major shareholder which would also give him the highest Voting points.

Since FBN stocks are traded publicly, a notification of the businessmsan's acquisition, which is reportedly about N30 billion, would have been reported to the Company Registrars. 

"The Company is yet to get a notification from the individual mentioned in the media report, of such acquisitions.

Content created and supplied by: Jackmichael (via Opera News )

FBN FBN Holdings Plc Femi Otedola. Nigerian Exchange Limited Seyi Kosoko


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