Dialpad:
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

As in eh
I couldn't wrap my head around the whole thing

30 billion on a seriously devalued Naira

MartinsD12:

English self you mean he only owns an ordinary chair used in sitting down?

see you, as old as you are, you don’t know the meaning of chair holder in a company, didn’t you do history in school? Mtcheeeeeeeeeeew!

meanwhile. N30b cant me take over cost for a mega bank like FBN

BABANGBALI:
see you, as old as you are, you don’t know the meaning of chair holder in a company, didn’t you do history in school? Mtcheeeeeeeeeeew!

They have concluded the deal maybe,,,

shegz24:


It depends on the number of shareholders and how much each has.

He could be the largest share holder by owning 10% while the remaining 90% is shared among about 20 people.

So its possible.

No way u could be the largest shareholder with 10% except with 51%

Sundaycomputer:
So na scan or what

No be only scan nah photocopy

Typical Nigerian response its the same thing Nigeria government and the army would say when news about their operations come on social media. however this one is true cause you could have just said fake news and debunked it.

layzie:


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

The news said that Otedola acquired MAJORITY shares. Not the highest shareholder. To be a majority shareholder you must OWN or Controle 50% or more of a company's outstanding shares.
So do not get things mixed up. Otedola is far from controlling FBNH. With N30billion, i don't even think he is the highest shareholder.

koning:





The news said that Otedola acquired MAJORITY shares. Not the highest shareholder. To be a majority shareholder you must OWN or Controle 50% or more of a company's outstanding shares.
So do not get things mixed up. Otedola is far from controlling FBNH. With N30billion, i don't even think he is the highest shareholder.

If u had 100 shares in d hands of 99persons, it means 1person has 2shares and is thus the majority share holder. It's simple English.
The news didn't give u what percentage of shares he acquired...so stop throwing 50% around.

The majority shareholder of FBN before now had just about 1.5% of the bank shares. This is a fact and should tell u Otedola couldn't have acquired up to 10% sef not to talk of 50%.

The shares are in the hands of multitudes.

I'm sure the news will be clearer and his percentage holding stated clearly in the coming days/weeks

layzie:


If u had 100 shares in d hands of 99persons, it means 1person has 2shares and is thus the majority share holder. It's simple English.
The news didn't give u what percentage of shares he acquired...so stop throwing 50% around.

The majority shareholder of FBN before now had just about 1.5% of the bank shares. This is a fact and should tell u Otedola couldn't have acquired up to 10% sef not to talk of 50%.

The shares are in the hands of multitudes.

I'm sure the news will be clearer and his percentage holding stated clearly in the coming days/weeks

Jeez! will you guys stop confusing largest share holder with a company's majority share holder?. I will not explain further. Google is your friend.

koning:






Jeez! will you guys stop confusing largest share holder with a company's majority share holder?. I will not explain further. Google is your friend.

Just mention me next week when the news states the % shares. Let's stop this argument.

layzie:


Just mention me next week when the news states the % shares. Let's stop this argument.

Which argument?! It's education for you. Don't be too proud to learn. Social network can be a good source of learning.

adenigga:


Source: https://punchng.com/We-are-unaware-of-Otedolas-share-acquisitions-FBN-Holdings

Social media=mis information :
Deranged

They've made U-turn.

smithoo:
FBN holdings will get back to us and confirm OTEDOLA is now the majority shareholder in FBN.

Diamond denied Access bank takeover but we all know the history now.

It a trade mark to deny report to avoid a run on the bank but laslas, they will acknowledge and manage the situation well.

Prophet

koning:






Which argument?! It's education for you. Don't be too proud to learn. Social network can be a good source of learning.

Educator. Now apologise for misleading people and move on if u re the better person. The news is out. 5% is what he bought. Peace and out.

akaahs:

No way u could be the largest shareholder with 10% except with 51%

As a matter of fact Otedola has become the largest shareholder with 5.07% of the company shares.

Google it.