adolfHitler1934:
That is her life,her choice. That is what gives her joy....she's not working for money but satisfying her inner soul.

Poor people like you always reason thru their anus

adecz:



Only N30bn or $50m to become
biggest shareholder in a bank like
First Bank.

Does biggest shareholder make him
a controlling shareholder❓☹️

wallrichy:
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.....

adecz:



Only N30bn or $50m to become
biggest shareholder in a bank like
First Bank.

Does biggest shareholder make him
a controlling shareholder❓☹️

22o62021:
He can’t take over it

Elsueno:
Hope account holders will not be indirectly sponsoring DJ cuppy through bank charges

Oracleforce:
This was the position held by Ibukun Awosika before she was ceremoniously eased out of her position

Now, they have given the position to Femi Otedola...is like Femi Otedola is broke, that is the reason he can be clinging to all these sully position from bank...

Dangote can not take this kind of position because it is smaller than his worth instead of Dangote becoming a CEO of an already existing business, he creates his own and merges it Dangote Group of company

Femi Otedola is broke

Maxwell4404:
And your daughter an DJ

Grace001:
The rich get richer and the poor get poorer.

Indeed for to him who has will more be given, and he will have abundance but

from him who has not, even what he has will be taken away

Congratulation to him

BluntNigerian:
I am poor..
I accept.
Now that she is the richest Djay in Nigeria, can you tell me the Net-Worth of her Djay business??
..
Since you want to tow the line of Rich-And-Poor..
..
I AM WAITING FOR YOUR POVERTY-STRICKEN RESPONSE

georgeakins:


Ignore that Ibo boy.
Everyone knows that they are always bitter to see other tribes succeed.

But if one of them is doing crime and becomes rich, he is seen as a hero.

It is that bitterness that runs in their veins that made them planned the coup of Jan 1966 where they killed gallant leaders from other tribes.

adelaja70:

Omo ibo... Mr Anayo,Keeduu!..Otedola father, was a millionaire and former governor of Lagos State. And when you still dey suck mama breast, he was already balling with his fellow Omo baba Olowo in Nigeria.

airsaylongcome:


Sir Michael Otedola. Governor against all-odds. Beht make una Yoruba people stop to they assume many nonsense. Not all non-Yoruba southern Nigerians are ndi-Igbo.

So since Sir Michael was a millionaire how does that change the postulation that his son isn't a front for leaders looting our commonwealth?

enumerica:


Your whatsapp number please?

Freethinker87:
Something is inherently wrong with Nigerians. I don't know if it's just me holding Nigerians to an unrealistic high standard or Nigerians are grossly mediocres or perhaps we suffer long term memory loss or we're actually as idiotic as the politicians think we are. This news is saying that First Bank is in a financial mess but Nigerians are too slow to understand. They're celebrating.

How can Nigerians be celebrating a miserly $50M investment in one of the biggest financial institutions in Nigeria? If $50M is enough to snatch the seat of majority shareholder in an institution older than Nigeria itself and perhaps the biggest bank in Nigeria, one begins to question the true financial health of our banks.

For perspective, $50M cannot make you a majority shareholder in Jumia, neither can it make you a majority shareholder in startups such as flutterwave, OPay, WakaNow, Jobberman, Konga, Iroko, SOLO and many more. Sequoia Capital had to invest $400 million in OPay to own majority share in the start-up.

Nigeria is in a financial mess and her billionaires are becoming millionaires while her financial institutions are dying rapidly. This news is not one to celebrate, it's one that fosters a deep sober reflection.

Speaking of Otedola, here is a man who was worth $1.9 Billion in 2016, having lost his billionaire status due largely to incompetence and mismanagement of the economy by the Government, now trying to diversify his portfolio to secure what's left of his dignity and Nigerians are celebrating a miserly $50M investment from a once upon a time billionaire. I'm not even going to talk about Aliko Dangote who was worth $23 billion in 2016 now worth a miserly $12 Billion.

koning:




Your analysis sounds great on face value. But as at today First Bank share closed at $0.02 a share. Less than 1 dollar cent. But that does not remove anything from the fact that FBN is a solid, well capitalized bank for Nigeria and African standards. The daily price of it's share means nothing to the common customers.

Freethinker87:


I'll be very embarrassed if my company's share is still a penny stock after 129 years of operation. A share trading over the counter at 2 cents a share cannot be categorized as healthy by any standard even in Africa. Same FBNH traded at 20 cents a share 10 years ago.

Speaking of bank capitalization, 10 years ago, under the then CBN Governor Sanusi Lamido, our National banks were capitalized at N25B at N132 per dollar, that is our banks were capped at $189M. Well, today that N25B is now worth only $45M. These banks are now capped lower than they were 10 years ago.

I don't need to be a financial analyst to know that devaluation and cashflow problem necessitated the need for additional capital injection from Otedola.

No sir, FBNH is far from healthy and common customers like myself should be very worried.

zigzagluv:
They are thief that scatter the economy

Oracleforce:
This was the position held by Ibukun Awosika before she was ceremoniously eased out of her position

Now, they have given the position to Femi Otedola...is like Femi Otedola is broke, that is the reason he can be clinging to all these sully position from bank...

Dangote can not take this kind of position because it is smaller than his worth instead of Dangote becoming a CEO of an already existing business, he creates his own and merges it Dangote Group of company

Femi Otedola is broke

shegz24:
I was surprised when he sold Forte Oil but now it all makes sense.

Nice onr bruv, watch your back though; I'm coming.

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/

Gerrard59:


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.

Freelancer2020:
Money Man, I'm also coming up.

Anyway, contact me if you need an expert digital marketer that can promote your YouTube channel/video to the world and make it viral, and drive in your best desire result such as views, likes and comment from real people

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zomby:


N30B worth of shares, making him the single largest shareholder of the organization….I don’t believe this info is correct.