Thursday, January 20, 2022

“The Company Is Yet To Receive Any Notification Of Such Acquisition” – FBN Holdings Reacts To Claims Of Femi Otedola Taking Over First Bank

- Advertisement -

FBN Holdings Plc has reacted to media reports that billionaire businessman, Femi Otedola, has acquired a significant shareholding in the company.

The Secretary of the holding company for First Bank of Nigeria Limited, Seyi Kosoko in a statement on Friday, said the company has not received any notification of such acquisitions.

Read Also: The Richest Photo Ever? Femi Otedola, Aliko Dangote & Tony Elumelu At Lagos Wedding

The statement 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 Holdings 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.

Read Also: Nnamdi Kanu Is Shining, Buhari Knows How To Handle And Care For His Prisoners – Adamu Garba

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

Also Read:  KOKO’s Premier League Fixtures For The Weekend…The Game Keeps Getting Interesting

Photo Credit: Getty

- Advertisement -

Related Articles

- Advertisement -

Leave a Reply

Stay Connected

- Advertisement -

Latest Articles