Femi Otedola, billionaire businessman and chairman of FBN Holdings, has acquired an additional 2.22 percent shares in the First Bank of Nigeria
The acquisition was disclosed in a corporate filing on the Nigerian Exchange Group (NGX) on Monday.
The fresh acquisition further cements the billionaire’s control of the company as his shareholding has now reached 11.63 percent — the highest.
More to follow…
[TheCable]