By Leshi Adebayo
What seems to be a misunderstanding between First Bank Holdings and Femi Otedola has finally been cleared as the former confirms the latter’s majority stake of the company.
Recall that BlackBox Nigeria on Thursday reported the billionaire’s emergence as the largest shareholder of a whooping over N30bn in stake at First Bank Holdings.
On Friday, the company in a statement signed by its secretary, Seyi Kosoko, denied the reports, saying Otedola has not notified them of the new development as they are not aware of this.
However, as of this moment, FBN Holdings Plc has now confirmed that the billionaire businessman has acquired the substantial shares in the company.
This announcement was contained in a statement signed by Kosoko and issued on the Nigerian Exchange Limited’s portal on Saturday.
It read, “We refer to our communication to the market dated, October 22, 2021 on the above subject wherein we stated that we would inform the public of any substantial acquisition, upon receipt of notification from the shareholder.”
“This morning, October 23, 2021, FBN Holdings Plc received a notification from APT Securities and Funds Limited, that their client, Mr Otedola Olufemi Peter, and his nominee, Calvados Global Services Limited have acquired a total of 1,818,551,625 units of shares from the company’s issued share capital of 35,895,292,791.
“Based on the foregoing, the equity stake of Mr Otedola Olufemi Peter and his nominee in the company is now 5.07 per cent.”
