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Femi Otedola ‘Takes Over’ Nigerian Bank

Femi Otedola ‘Takes Over’ Nigerian Bank

Femi Otedola, a Nigerian billionaire businessman and father to Florence Ifeoluwa Otedola AKA DJ Cuppy, has reportedly taken over First Bank Nigeria. Information Guide Nigeria

According to GISTLOVER, Femi Otedola holds one of Nigeria’s tier one banks, with his recent acquisition of about N30 billion worth of shares. Jamb Result

GISTLOVER reports that multiple sources with knowledge of the purchase have stated that majority ownership of First Bank Nigeria Holding Company, the owners of Nigeria’s oldest bank, First Bank, is about to be upturned due to the slow and meticulous purchase of the company shares on the floor of the Nigerian Stock Exchange by Otedola.

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As reported by GISTLOVER, Femi Otedola being the majority shareholder of First bank announcement will be made in the coming days.

GISTLOVER reveals that First Bank Nigeria Holding Company has 34.7 billion of its shares floating freely and if it is owned by shareholders, then it is easy to acquire shares on the stock exchange.

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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