FinanceNews

FBN Holdings’ Nnamdi Okonkwo increases stake with N83.69m

Nnamdi Okonkwo, the managing director of First Bank of Nigeria (FBN) Holdings Group, has acquired further shares in the financial institution just a month after making his first purchase.Information Guide Nigeria

Okonkwo paid N83.69 million to purchase 8.16 million shares in FBN Holdings, the company he started running on January 1, 2022, three months after it was reported he would be in charge.

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FBN Holdings declared that Okonkwo paid the money to buy the properties on September 22, 2022 in a stock market filing dated September 23, 2022.JAMB Result

The purchase of the shares came after Okonkwo’s purchase of 854,281 shares for N9.18 million on August 19, 2022. In response to recent stock market activity, he increased his ownership of FBN Holdings from 0.002% to 0.02%.

Along with Okonkwo, Samson Oyewale Ariyibi, ED, Investment Management and Oversight at the firm, purchased 1.16 million units for N12.2 million.

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Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

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