By Lawal Adenike
First Bank Holdings has reacted to reports that billionaire businessman, Femi Otedola has acquired majority shareholding in the firm.
The company made this known in a statement signed by its secretary, Seyi Kosoko, on Friday.
The statement which was filed with the Nigeria Exchange Limited (NEL) reveals that the firm had not receive a notification of a significant holding by Mr Otedola.
It reads, “The attention of FBN Holdings Plc has been drawn to media reports today (Friday) that a certain individual has acquired significant shareholding interest in FBN Holdings Plc.
“As a listed company, the shares of FBN Holding Plc are publicly traded, and sale and acquisition of shares is expected in the normal course of business. We 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.
“The company is yet to receive any notification from the individual mentioned in the media report, of such acquisitions.”
