Chairman FBN Holdings
The Chairman of FBN Holdings, Femi Otedola has acquired an additional 2.22 per cent stake in First Bank.
This was disclosed in a corporate filing on the Nigerian Exchange Group on Monday.
Following this latest purchase, Otedola’s shareholding in the bank has now increased to 11.63 per cent, concretizing his position as the largest shareholder.
This is coming four days after he regained his position as the majority shareholder of First Bank after acquiring N18.9 billion worth of the group’s shares on the Nigerian Exchange on Thursday.
Otedola acquired 316,506,776 shares at a share price of N21.91 each, amounting to N6.935 billion and 546,674,034 shares at N21.97 each, amounting to N12.01 billion, through his holding company, Calvados Global Services Limited.
The development of Mariga Local Government Area remains my priority
