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JUST IN: Otedola Regains Position As First Bank’s Majority Shareholder

FBN Holdings Appoints Five New Directors As Otedola Takes Over

Nigerian billionaire and chairman of FBN, Femi Otedola has regained his position as the majority shareholder of First Bank.

Gatekeepers News reports that Otedola who acquired N18.9 billion worth of the group’s shares in the NGX today, now holds a 9.41% stake in the bank.

Before this, Otedola held a 7.01% stake in the bank and was behind Oba Otudeko’s Barbican Capital Limited which holds an 8.67% stake.

This is a developing story….

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