OTEDOLA TAKES OVER FIRST BANK
Nigerian Business Mogul, Femi Otedola, the Chairman of First Bank of Nigeria (FGN) Holding , has regained his position as the Majority Share holders of First Bank.
According to report, Otedola now holds a 9.41 percent stake in the Bank, after acquiring #18.9 Billion Naira worth of the group’s shares in the NGX today.
Otedola previously was 7.01 percent Stakes in the bank behind Oba Otudeko’s Barbican Capital Limited which holds on 8.67 percent stake.
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