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Nairaland Forum / Nairaland / General / Business / We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings (22247 Views)
Why Remi Babalola Resigned As Chairman Of FBN Holdings / Remi Babalola Resigns From FBN Holdings As Chairman / FBN Holdings Confirms Hassan-Odukale As Single-Largest Shareholder (2) (3) (4)
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Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by sonofElElyon: 10:05am On Oct 23, 2021 |
Nodogragra4me: They didn't deny the story.. only said they're not aware. Big difference.. even if they are aware they can't admit it until they are formally notified by otedola.. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by ppogba: 10:17am On Oct 23, 2021 |
Nodogragra4me: Nigerians have a way with words without actually knowing the true meaning. A run indeed. 1 Like |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by pappilo(m): 10:18am On Oct 23, 2021 |
Nodogragra4me: I wanted to reply the dullard but my mouth too bad so I just ignored. The ignorance and lack of knowledge I see on this forum dey weak me. 1 Like
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Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by omoadeleye(m): 10:18am On Oct 23, 2021 |
PoeticMind: This is what i saw in the news blog, and what i know is that acquiring majority shares of a company is having control over the company and having control over a company is having above 50% shares of that company.
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Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by IbileIfe: 10:19am On Oct 23, 2021 |
adenigga:Femi Otedola is not a billionaire in US$D. He has about US$700 million. Stop fooling ignorant Nigerians by calling these millionaires, billionaires. I Know a Nigerian who does not even have up to US$3million and they are calling him a billionaire. Federal Inland Revenue Service (FIRS) knows the real billionaires in Nigeria, not on paper. Many of them rent private jets and claim that they have private jets when they cannot even afford the parking space for one private jet at the airport. Mark Zuckerberg is richer than all of them combined. 2 Likes |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by pappilo(m): 10:20am On Oct 23, 2021 |
omoadeleye: First bank market cap is N430B. Did he spend N215B?. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by ppogba: 10:22am On Oct 23, 2021 |
One thing anyone cannot deny is the fact that concerning FBNH, some thing is in the offing especially against the backdrop of the persistent increase in the share price of the shares in addition to daily volume.being traded. Denial left, right and center is normal. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by IbileIfe: 10:22am On Oct 23, 2021 |
pappilo:Majority of Nigerians from the street to the internet are intellectually challenged. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by koning: 10:52am On Oct 23, 2021 |
omoadeleye: So the market capitalization of FBNH is just slightly above N60 billion. That is a ridiculously low number. Makes the said acquisition unbelieveable. We shall know the truth in due course. 2 Likes |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by Nobody: 10:56am On Oct 23, 2021 |
Ntipia:Bros calm down it's Firstbank established in 1894 not piggyvest. Hope you get my point. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by ediko5(m): 10:58am On Oct 23, 2021 |
I knew the acquisition news wasn't real when I read that Otedola acquired N30billion shares of First Bank making him the highest shareholder. That amount is too small to make someone the highest shareholder in an organization like First Bank. 1 Like |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by lomprico(m): 11:10am On Oct 23, 2021 |
DubaiLandLord: it said 50% I think |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by adenigga(m): 11:17am On Oct 23, 2021 |
IbileIfe:Exactly.......
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Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by MartinsD12(m): 11:24am On Oct 23, 2021 |
BABANGBALI:English self you mean he only owns an ordinary chair used in sitting down? |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by Nobody: 11:25am On Oct 23, 2021 |
lomprico:I've check the article again, I can't find where it states the figure you're quoting. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by Nobody: 11:26am On Oct 23, 2021 |
MartinsD12:Lol
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Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by layzie: 11:27am On Oct 23, 2021 |
omoadeleye: The highest share holder of FBN before now is Oba Otudeko with just 1.5% of the shares. That's how diverse FBN shares are held. Anyone that acquires more shares than Otudeko becomes the highest shareholder. It could be as low as having just 1.6% of the shares |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by MartinsD12(m): 11:28am On Oct 23, 2021 |
DubaiLandLord:Nairalanders no go kill pesin here with English grammar 1 Like |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by adenigga(m): 11:28am On Oct 23, 2021 |
MartinsD12:English Na wahala o......
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Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by lomprico(m): 11:29am On Oct 23, 2021 |
DubaiLandLord: ok |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by adenigga(m): 11:31am On Oct 23, 2021 |
MartinsD12:Make dem no kill person o.......
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Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by MartinsD12(m): 11:32am On Oct 23, 2021 |
adenigga:of course Otedola only only an ordinary chair in first bank and not shares, not to talk of being a major share holder, but the problem is we don't know whether the sitting chair Otedola owns is wolden chair or innoson plastic chair 1 Like |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by MartinsD12(m): 11:35am On Oct 23, 2021 |
adenigga:Otedola has been disgraced here 1 Like |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by goody36: 11:40am On Oct 23, 2021 |
[quote author=Dialpad post=106983724]If 30 billion is all it takes to be the largest shareholder of a first generation bank in Nigeria, then Nigeria is in a big financial mess[/quote That is just a little over 5% of the quoted shares of FBNH.No other person has that much,so he became the person with the highest number of FBNH shares. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by RodgersAkpafu: 11:56am On Oct 23, 2021 |
Dialpad:Are you sure ? |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by TheOgaBoss: 12:18pm On Oct 23, 2021 |
smithoo:they didn't deny it, only said they have not been informed as stipulated in the regulation of publicly traded companies. It is either the said individual acquired the shares through various third parties or it is not true, there is no way a single entity acquires a huge block of shares within a short period without interested parties knowing. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by TheOgaBoss: 12:21pm On Oct 23, 2021 |
Dialpad:it depends on the percentage share, if every other investor owns not more than 2% and an individual acquires 3%, he effectively becomes the largest shareholder 1 Like |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by drealcivilceno(m): 12:32pm On Oct 23, 2021 |
topgear: This is the mentality that allows the rich and the government to destroy us. Continue. 1 Like |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by JOemmy(m): 12:42pm On Oct 23, 2021 |
SmartPolician: The judgement debt have accumulated to over #32b innosson is now planning to take over the gtb any moment from now. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by etibaba(m): 1:10pm On Oct 23, 2021 |
Jackossky:Cheers bro. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by SmartPolician: 1:17pm On Oct 23, 2021 |
JOemmy: Story for the deities They probably went for out-of-court settlement. |
Re: We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings by JOemmy(m): 1:29pm On Oct 23, 2021 |
SmartPolician: They have already done that before innosson asked them to pay him #6b from the initial #9b but gtb was insisting on paying #5b so the matter is not yet resolved. |
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