Femi Otedola has emerged as a key shareholder of First Bank Holdings, the holding firm of First Bank Nigeria, after acquiring a 5.07% equity stake: “that 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 35,895,292791. Based on the foregoing, the equity stake of Mr Otedola Olufemi Peter and his nominee in the company is now 5.07%”.
The Nigerian billionaire, Femi Otedola, has emerged a major shareholder of First Bank Holdings, owners of First Bank Nigeria, after acquiring a 5.07 per cent equity stake, the company confirmed Saturday.
The holding firm had earlier denied knowledge of the takeover saying it had not received a notification of a significant holding by Mr Otedola.
In a follow-up communication to the Nigerian Exchange Limited Saturday, the firm said it received notification from APT Securities and Funds Limited that its client, “that 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 35,895,292791.”
“Based on the foregoing, the equity stake of Mr Otedola Olufemi Peter and his nominee in the company is now 5.07%,” the notice signed by Seye Kosoko, company secretary, said.
First Bank is a prime target due to its history but over the next five years, assets will exchange hands in Nigeria. I am hoping that dews will fall in Nigeria from June 2023 and a nation will begin to rise again. More deals will happen. The news of kidnapping NYSC members today stresses me because I see no reason why these graduates should be exposed to these risks in places where soldiers are not even safe!
Pause NYSC until the land is safe! Meanwhile, congrats Otedola. Please let us keep and preserve the First.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
Panic has set in among prospective corps members in Zamfara State following the abduction of some of their colleagues on their way to their orientation camp in Tsafe Local Government Area of the state.
Although the police confirmed the abduction of two prospective corps members along the Sheme-Tsafe highway in the state, witnesses said about six others were missing from the incident that occurred on Tuesday.
The Tsafe hosts the National Youth Service (NYSC) orientation camp in Zamfara.
---
Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.