Normal

signature2012:
Most time when an acquisition of this nature happen,some workers will surely get laid off.

Wrong.
Laying off of staff is the standard

Angle1d:

That is not suppose to happen

Wrong.
Laying off of staff is the standard

Angle1d:

That is not suppose to happen

efighter:
Once Otudeko was stripped out of FBN looting, the useless thief is now nakked on the streets. The old thief is nothing without the poor masses money. In order for Oba Otudeko to repay the loans he took from FBN, he has to sell out the fraudulent company Honeywell Flour Mills.

It is that his 40 something year old , brownskin wife that likes to flaunt her riches in Instagram (flowers setups, home interior, etc) that i pity. Small shame will catch her. They love to ball with the money of the masses.. they couldn't care less if you can afford one kg of their semovita. It's all about them.

Lifestone:
This acquisition is strategic for Oba Otudeko as a way of managing the various challenges he has had with banks on the various outstanding loans expecially those of First Bank.
This deal will get him the required liquidity and breathing space needed to address other problems. He's not getting younger.

Well said!

FarahAideed:
This is complete acquisition aimed at monopoly of the flour market...if the SEC knows what its doing they will enact the anti trust clause and breach this thing

FCCPC

kolexy:


You need to think deeply before making comments in public forums. If you had read the public statement released by his Son, you would have understood their new way of thinking. Honey Group is transforming into an Investment or Holding company. I believe whatever they get from the sale will be ploughed into other businesses where they won't necessarily have controlling shares.

You think everybody is stupid like Oba Otudeko? Definitely not. Maybe you are.

Who will pay all the nonperforming loans that Otudeko took from FBN while that useless Ibukun Awosika was shielding him?

In a working society, Otudeko and Awosika would have been locked up in a five star prison and forced to get pregnant and produce at least three children who will pay off the loans that Otudeko and Awosika shared.

JerryBizz:

It is that his 40 something year old , brownskin wife that likes to flaunt her riches in Instagram (flowers setups, home interior, etc) that i pity. Small shame will catch her. They love to ball with the money of the masses.. they couldn't care less if you can afford one kg of their semovita. It's all about them.

You dey pity corporate Olosho. We have several of them all over the place.

FuckOsuPigs:
Uhmmm...This is Otudeko fighting back to reclaim his position at FirstBank. Once this deal is done, the dude will pay off Firstbank indebtedness and free his stake.

Sharp guy!

Otedola and Odukale should go back to the drawing board.

Ija sheshe bere ni

Otudeko cannot make it again. If he tries nonsense, he will be taken to SEC Tribunal and banned for at least 10 years or even banned for life from sitting on the Board of any public quoted company for abuse of office and trust.

Check what happened to Bunmi On I and his Financial Controller at Cadbury