• Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

BREAKING: First Bank Speaks On Femi Otedola’s Takeover

Adam PR by Adam PR
October 23, 2021
in BUSINESS
0
BREAKING: First Bank Speaks On Femi Otedola’s Takeover
21.1k
SHARES
21.1k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

Following a viral report that the Nigerian billionaire businessman, Femi Otedola has taken over the bank, FBN Holdings (FBNH) Plc has reacted.

Reports had alleged that Otedola may have acquired 10 per cent stake in First Bank of Nigeria with N30 billion worth of shares, making him the bank’s single largest shareholder following the crisis that rocked the Board of Directors recently.

The billionaire investor and turnaround specialist best known for taking over African Petroleum earlier this century and transforming it into a dominant player in the downstream space of the oil and gas sector has been scooping up shares of the bank for months, gradually increasing his ownership and surpassing shares owned by any other single shareholder of the bank.

It was gathered that Otedola has been acquiring the shares of the bank through Calvados Global Services Ltd. It is also likely that there could be other vehicles associated with Mr Otedola who may have also been mopping up shares.

FBNH currently has 34.7 billion of its shares floating freely meaning it is held by diverse shareholders. This makes the shares easy to acquire on the stock exchange.

The latest audited account of FBN Holdings does not have any shareholder with up to 5% of the ownership of the banking behemoth.

ALSOREAD

TRENDING VIDEO: First Bank Introduces Robots To Attend To Customers At Branches

JUST IN: First Bank Gives Condition To Accept Old N500, N1,000 Notes From Customers

BREAKING: Court Seals Up Firstbank Headquarters

EXPOSED! First Bank Staff Caught Planning With Hackers To Steal N20BN From Customers

EFCC Arrests Newly Appointed MD of First Bank

However speaking on the development, FBN in a statement to the Nigerian Exchange (NGX) Ltd. said it was yet to receive any notification of the purported acquisition.

The statement signed by the FBNH Company Secretary, Mr Seyi Kosoko, said the company would notify the appropriate agencies and authorities whenever it received any notice of significant shareholding by the registrars.

The statement reads;

“The attention of FBNH has been drawn to media reports of today, Oct. 22, purporting that a certain individual has acquired significant shareholding interest in FBN Holdings, making him the majority shareholder in the company.

“As a listed company, the shares of FBN Holdings are publicly traded, and sale and acquisition of shares is expected in the normal course of business,”

FOLLOW DAILY GIST ON TWITTER FOR BREAKING NEWS: https://twitter.com/NaijamediaNews

FBN Holding said the company operated in a regulated environment, which required notification of significant shareholding by shareholders to the company, where shares were held in different vehicles, further to which the company would notify the regulators and the public as appropriate.”

“The company is yet to receive any notification from the individual mentioned in the media report, of such acquisitions.

“FBN Holdings Plc will always notify the appropriate agencies and authorities whenever it receives any notice of significant shareholding by the shareholders and the company’s registrars.”

Share This News

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

JOIN US ON SOCIAL MEDIA

TWITTER — https://twitter.com/NaijamediaNews

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

Tags: Femi OtedolaFirst Bank
Previous Post

BREAKING: Sunday Igboho Breaks Silence On Terrorism Allegations

Next Post

BREAKING: Gunmen Invade Oyo Prison, Set Criminals Free

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

Opay
BUSINESS

Opay Addresses Alleged Fraudulent Withdrawal Of Money From Customers’ Accounts

October 2, 2023
Naira to dollar
BUSINESS

Naira Bounces Back, Appreciates Significantly Against US Dollar At I&E Windows

September 8, 2023
JUST IN: Nigerian Banks Declare Nationwide Strike
BUSINESS

JUST IN: Nigerian Banks Declare Nationwide Strike

September 4, 2023
BREAKING: Naira Depreciates To All-Time Low Against Dollar
BUSINESS

BREAKING NEWS: CBN Releases New Rules For Forex Sale

August 18, 2023
BREAKING: Naira Depreciates To All-Time Low Against Dollar
BUSINESS

JUST IN: Dollar Crashes Against Naira After CBN’s Threat To BDCs

August 15, 2023
BREAKING: NNPC Speaks On New Petrol Price
BUSINESS

BREAKING: NNPC Speaks On New Petrol Price

August 14, 2023
Next Post
BREAKING: Gunmen Invade Oyo Prison, Set Criminals Free

BREAKING: Gunmen Invade Oyo Prison, Set Criminals Free

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • Lola Ade-John

    JUST IN: Tinubu’s Minister Poisoned In Abuja, Battling For Life

    24066 shares
    Share 9626 Tweet 6017
  • BREAKING: Tinubu Announces Wage Increment For All Workers, N75,000 For Households

    23936 shares
    Share 9574 Tweet 5984
  • BREAKING: Tinubu Increases Minimum Wage For Workers

    23205 shares
    Share 9282 Tweet 5801
  • BREAKING: LAUTECH Students Returning From Excursion, Driver Burnt To Death In Osun(Video)

    23065 shares
    Share 9226 Tweet 5766
  • BREAKING: Confusion As Tribunal Upholds Victory Of Kaduna Governor

    22781 shares
    Share 9112 Tweet 5695
  • JUST IN: NLC Announces New Update On Strike After Tinubu’s Fresh Offer

    22772 shares
    Share 9109 Tweet 5693
  • ‘He Deflowered Me’ – Private Chats Leak As Mohbad’s Wife Speaks on Affairs With Sam Larry, Naira Marley

    22034 shares
    Share 8814 Tweet 5509
  • JUST IN: Tribunal Orders INEC To Conduct Fresh Elections In Osun

    22001 shares
    Share 8800 Tweet 5500
  • BREAKING: Chicago University Releases Tinubu’s Academic Records After Court Order

    21934 shares
    Share 8774 Tweet 5484
  • Mohbad’s Death: Gistlover Releases Very DarkMan Vid£o Onlin€

    21864 shares
    Share 8746 Tweet 5466

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved