Mavor:
Does he have above 51% shares voting power? How did you arrive at the conclusion that he can and he wants to take over FBN? This article sef!!! Nigerian journalism and mediocrity are like 5 & 6.

Young man you are looking at from ECO 101 perspective. For an establishment as huge as First Bank where there are thousands of shareholders, someone with as little as 25% can be the highest shareholder which puts him in the position of the controlling shareholder. Provided no other individual or group owns as much shares as he does in that particular organisation. Economic experts in the house kindly confirm

Babatindan:
Na dem

Wise decision ever taken Sir.

Nice move. He can now take a loan of same 30B naira and nothing will happen. Good move.

BluntNigerian:
Capitalists Everywhere.!! .. And Cuppy is there gallivanting with DJ-Equipments

lols

adelaja70:

Kindly add Billionaires in all currencies... Leave the igbos alone, dia matter no pass Instagram.. They know their Ogas, but gra gra is allowed.. Leave them.

baralatie:

Otudeko go give am serious problem

Same Otudeko that Adenuga and Hassan-Odukale gave a black eye very recently?

BluntNigerian:
Capitalists Everywhere.!!
..
And Cuppy is there gallivanting with DJ-Equipments

Maxwell4404:
And your daughter an DJ

She just graduated with another degree from Oxford University.

Omo Yoruba ni mi o!!
Our brother making us proud
We get levels, no be to dey make noise because of 300 cows

if Naira remains low and continue to lose value against the dollar, expect more of this.

You don't explain details to some people cos the more you explain the more they get confuse. Tell him that you can have 10% shareholding interest in an organisation and that makes you the largest shareholders.....I am a shareholder in first bank of Nigeria but my shares is so insignificant that you hardly see or notice me.....one day when I hit billionaire level.....maybe I might consider buying more shares and move up the ladder of shareholders.....

jeronimo:


Young man you are looking at from ECO 101 perspective. For an establishment as huge as First Bank where there are thousands of shareholders, someone with as little as 25% can be the highest shareholder which puts him in the position of the controlling shareholder. Provided no other individual or group owns as much shares as he does in that particular organisation. Economic experts in the house kindly confirm

The NCAN nairaland chapter left the whatsapp group.

Good one Otedola, I will one day be as rich as you are!

Buckeyemedia1:
She just graduated with another degree from Oxford University.

False. She just started a program at Oxford.

OmoEpe:


You dey shade Cubans?

I know Shade anybodyooo but doings get level. Oliver De Coque in a song tagged some people father father.

adelaja70:

Kindly add Billionaires in all currencies... Leave the igbos alone, dia matter no pass Instagram.. They know their Ogas, but gra gra is allowed.. Leave them.

When you hear a low life under achiever talk, you will know

"A" and not "An"

Maxwell4404:
And your daughter an DJ

gtrader:
Nice move. He can now take a loan of same 30B naira and nothing will happen. Good move.

This is potential future risks for FBNH where such games have been on in the past.

Congratulations, wise investment keep it up.

BluntNigerian:
Capitalists Everywhere.!!
..
And Cuppy is there gallivanting with DJ-Equipments

.
Points of correction, she's in Oxford uni, studying.

They are thief that scatter the economy

Jostoman:
This is the kind of people we need in government

Terrier99:


The person who bought Forte oil from him is a front for a former SW Gov.

You dont mean it
I never knew

she just started ohh ,

Buckeyemedia1:
She just graduated with another degree from Oxford University.

Mavor:
I know the complexities and strategies behind corporate takeover is too complex for your tiny brain to comprehend.

Don't reply him after the explanation you did. Such people don't take corrections. People who want to learn will understand your post and move on. Allow cretins to be cretins.

aspabay:
Exclusive! Femi Otedola takes over First Bank as largest shareholder with N30bn

https://thestreetjournal.org/exclusive-femi-otedola-takes-over-first-bank-as-largest-shareholder-with-n30bn/

And Innoson couldn't take over GTB.

All those that saved in dollars are buying up the country

jeronimo:


Young man you are looking at from ECO 101 perspective. For an establishment as huge as First Bank where there are thousands of shareholders, someone with as little as 25% can be the highest shareholder which puts him in the position of the controlling shareholder. Provided no other individual or group owns as much shares as he does in that particular organisation. Economic experts in the house kindly confirm

But the article didn't state the percentage Otedola possess. So Mavor's point still holds - until there's a percentage stated that Otedola owns compared to other major shareholders, he cannot be said to be the biggest shareholder.

Power moves...if you built your wealth with painstaking efforts losing it carelessly would be hard.

30b ($60m) na coins. It's not even news worthy.

If the sum was like 200b, yes, I'd wake up from my sleep

Buksaylor:


And Innoson couldn't take over GTB.

Because he isn't the majority shareholder

olola4:
After he sold Forte Oil everyone taught it was over for him now see his comeback FEAR REAL BUSINESS MAN, THEY ALWAYS KNOW WHAT THEY ARE DOING

Oh! Spare us the lecture, he already knew through his Bossom friend that once the Dangote refinery is completed, FG will ban the importation of refined products and petrochemicals and it's game up for Forte oil.
Forte oil primary business is importation of refined products, chop subsidy money and sell to Nigerians.