Something Dey DO Una, will this add to my balance

rawtouch:


some people get mind sha, someone with 10% stake deh sack board

Actually, he controls more than 10% stakes in that bank, although only 10% in his name. Moreover, the board was full of his loyalists

Dozie32:
Which I could see that MS Isioma. At least she get money now make I marry am.

Op, you get mind ooo...

Kobicove:


I'm sure he had started seeing First Bank as a subsidiary of the Honeywell Group

Honeywell Group only owns 10% of FBN

supportnija:

Op, you get mind ooo...

Yes na

Triplerg:
Actually, he controls more than 10% stakes in that bank, although only 10% in his name. Moreover, the board was full of his loyalists

He has less than 5% check the annual report, by the time you add the holdings of his friends like Arisekola and other politicians, he then be controlling 10% of the shares by proxy which is 3.3 billion shares out of the outstanding 33 billion shares of the bank

Mordecai has resumed

Dozie32:
Which I could see that MS Isioma. At least she get money now make I marry am.

She has had money long ago, she just had more now, You won't be able to cope at all. Abeg just no reason am.

The elephant is in trouble.

abbaapple:





Senior Bankers are just like politicians expect him to bring any changes at your own
Peril!!!!

You are sooooooooooo correct,some of them do not even know how to use any electronic banking platform.

And so? Make we fry beans? Mtcheeeeeeew!

sulaak:



Honeywell Group only owns 10% of FBN

Otudeko had 10% to his name. He owned bharti Airtrl which in turn owns some shares in FBN. He also owns Honeywell which in turn owns shares in FBN. If you add up the shares he controls it may be more than 50% which explains why he wants to run the bank like a one man business. Same thing with zenith bank. Only 9.8% of the shares belongs to Jim ovia directly but he owns other companies that owns a substantial amount of shares . That’s why he’s able to handpick board members

they are all theives

Fulfilled how?

tillaman:
Soldier go soldier come Baracks go surely remain!!
Oba Otudeko and the likes must be feeling fulfilled by now

hope my N5k in my account is safe?

ringi82:
Otudeko how far . Now I see why Sanusi sacked bank MDs back in 2009. They run these institutions like their private property with complete disregard of laid down rules and regulations.

one man will just be eating fbn money

Congratulations to him...

rawtouch:


some people get mind sha, someone with 10% stake deh sack board

That 10% makes him highest single shareholder

What about the loans he collected and refuse to pay?
All this our audio rich men.

Their debt pass all the shares they own

i had four account linked to my sim but right now only one is showing is this the reason?

daddytime:
Something shitty going on..

i agree with you. as everything with this APC administration! you should definitely know somethin fishy fishy

STUPID BANK THAT LACK CARE FOR THEIR STAFF.

Kobicove:
Well deserved victory for him!

I'm happy that the CBN upheld best practice and corporate governance in this case

Which of the CBN?

Seniorwriter:
This whole Brouhaha about a bank leadership? SMH

Banking crises can cripple a nation. Not to talk of a bank with over 31 million depositors. Abeg oo

2special:
Which of the CBN?

How many CBNs do you know that regulate banks in Nigeria?

ecolime:

Banking crises can cripple a nation. Not to talk of a bank with over 31 million depositor. Abeg oo

Hmmm Interesting stats

FBN stability solely depends on their research team and futuristic approach towards their banking policies.

@Seniorwriter

abnot:

Otudeko had 10% to his name. He owned bharti Airtrl which in turn owns some shares in FBN. He also owns Honeywell which in turn owns shares in FBN. If you add up the shares he controls it may be more than 50% which explains why he wants to run the bank like a one man business. Same thing with zenith bank. Only 9.8% of the shares belongs to Jim ovia directly but he owns other companies that owns a substantial amount of shares . That’s why he’s able to handpick board members

FBN has the most dispersed shareholding structure in Nigeria, the bank has 1 million shares.

The outstanding shares is 33 billion, Otudeko and his companies has just 600 millions shares if you add the shares controlled by proxies for his friends it will bring everything to 3.3 billion shares or 10% of FBN shares.

Kindly pick the current annual financial report of FBN.


FBN has shares in Airtel. Airtel does not have shares in FBN

this is it.Who is Who among share holder

emmanuelewumi:



FBN has the most dispersed shareholding structure in Nigeria, the bank has 1 million shares.

The outstanding shares is 33 billion, Otudeko and his companies has just 600 millions shares if you add the shares controlled by proxies for his friends it will bring everything to 3.3 billion shares or 10% of FBN shares.

Kindly pick the current annual financial report of FBN.


FBN has shares in Airtel. Airtel does not have shares in FBN

abnot:

Otudeko had 10% to his name. He owned bharti Airtrl which in turn owns some shares in FBN. He also owns Honeywell which in turn owns shares in FBN. If you add up the shares he controls it may be more than 50% which explains why he wants to run the bank like a one man business. Same thing with zenith bank. Only 9.8% of the shares belongs to Jim ovia directly but he owns other companies that owns a substantial amount of shares . That’s why he’s able to handpick board members

You got sense,as the ownership control got to his head and failure to understand that the CBN has the Supervisory role and as Apex Bank- has the final say!
- None of the sacked Board members has told us why the MD was sacked or his offense.If you got approval for his appointment, would you tell the same CBN why you need to oughst him without completion of his term.All we see here is power drunk and violators of rules.
What is banking rules on Single Obligor of a Public company like FBN,so Banks are now personal property! Are we serious at all in this country.No wander First Bank is not flying like others peers, considering the present 2020 Annual Report! The bank needs to fly to justify the huge resources being tie down!
Why should people garner proxies(known and many unknown via agreements)on stocks to claim Ownership of many Public Companies,just because they have more money to throw around!
First bank should do new shares subscription for the Public to restore trust and credibility.

SmartPolician:
Emefiele has shown us how a sane country works. Until we start building strong institutions as opposed to strong men, Nigeria will keep running round in circles. Congratulations to the reinstated MD, Mr. Adeduntan.

Quoting Barack Obama I sight thew

Alayiwola:
this is it.Who is Who among share holder

Otudeko has 600 million out of 33 billion shares, so his personal holdings is less than 3%.

Value of his shares is about N4 billion, but he is indebted to the bank to the tune of over N75 billion

Bouz:
She has had money long ago, she just had more now, You won't be able to cope at all. Abeg just no reason am.

s
Chai e no go easy oo baba!