GoldenNewsNg gathered that a popular Nigerian billionaire businessman and investor, Femi Otedola, on Friday, reportedly took over First Bank of Nigeria Plc
According to The Street Journal, Otedola took over the bank with the acquisition of about ₦30 billion worth of shares, making him the single largest shareholder of the bank.
It was gathered that Otedola decided to take over First Bank Nigeria because of the internal crisis rocking the bank.

This act made many wondered why he made such a decision especially because of the lucrative nature of the oil and gas sector.

Read More: https://goldennewsng.com/2021/10/22/breaking-femi-otedola-takes-over-first-bank-with-%e2%82%a630bn/