Image credit: premiumtimesng.com The News of Mr Otedola Olufemi Peter becoming the highest shareholder in FirstBank Nigeria Holdings took over the social media yesterday which was initially debunked by the company secretary, Seyi Kosoko, but in a turn of events, it was later confirmed by the Secretary.
The holding company for First Bank of Nigeria Limited has reportedly reacted to media reports that, Mr. Femi Otedola, has acquired a significant shareholding in the company, stating that the company is yet to receive any notification of such acquisitions from the billionaire businessman. According to them, FBN operate in a regulated environment, which requires notification 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 the public as appropriate.
First Bank of Nigeria Limited (FBN Holdings Plc) has reacted to the popular media reports that billionaire businessman, Mr Femi Otedola, has acquired a significant shareholding in the company. The holding company for First Bank of Nigeria Limited, in a statement signed by its Company Secretary, Mr Seyi Kosoko, and filed with the Nigerian Exchange Limited on Friday, said it had not received any notification of such acquisitions.
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.