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Nairaland Forum / Nairaland / General / Business / First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank (18447 Views)
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Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by nrexzy: 7:48am On Nov 25, 2021 |
Jackson105: Go learn about PLC |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by nrexzy: 7:49am On Nov 25, 2021 |
DubaiLandLord1: The moment he became the highest shareholder |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by Babinski: 7:51am On Nov 25, 2021 |
Penguin2: Otedola is also not a banker or someone with experience in the Financial Sector and for him to announce he had become the major shareholder to the public may bring back memories of the UBA experience with Hakeem Bello-Osagie. The motive for making a public announcement in itself is suspect and smacks of a desire to control. Secondly, compared to Odukale who is also major shareholder in Leadway Group which is into Insurance and Pension Management, Otedola may not be brining much to the table for First Bank. 2 Likes |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by Penguin2: 7:58am On Nov 25, 2021 |
Babinski: You might not be far from the truth. |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by lawflec(m): 7:59am On Nov 25, 2021 |
Subject to the approval of CBN. Banks are strictly regulated. kingsways: |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by davidque: 8:20am On Nov 25, 2021 |
Fahdiga: Wow! so Tinubu owns First Bank and doesn't know. Why do you guys just open your mouths and just let out rubbish before thinking about it. Some things cannot be hidden. If he owned the bank, the entire planet will know, it is not like owning a private company. |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by davidque: 8:24am On Nov 25, 2021 |
ecolime:Makes sense, since Oba Otudeko was the one who sold his shares to Otedola to make him have up to 5%. Your conspiracy theory make some sense 2 Likes |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by TimeAfterTime: 8:51am On Nov 25, 2021 |
Son of a squalor, bald-headed father. You dare have the effrontery to bad-mouth Innoson. All your billionaires are politicians.....thieves. GreatTormentor: |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by Odidigboigbo(m): 9:13am On Nov 25, 2021 |
ecolime:Awosika is just a puppet in the hands of Oba Otudeko. The brain behind all these trouble is Otudeko, he has even sold his Honeywell business to raise more money to buy off the share in FB. 1 Like |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by gentleibraheem(m): 2:09pm On Nov 25, 2021 |
Corporate politics in blue chip entities is tougher than most people know. There might be someone somewhere who own a larger stake than these guys. He won't show himself until AGM. And there goes the winning card. |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by einsteine(m): 2:42pm On Nov 25, 2021 |
kingsways: Individual shareholders cannot hold more than 60% of a bank's shares. The CBN has the powers to block such acquisitions. |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by einsteine(m): 2:45pm On Nov 25, 2021 |
nrexzy: You are the one who should. Even if he gets a judgment, he would simply be a creditor. Creditors cannot take over a bank in Nigeria. Banks are special entities. Worse comes to worse, AMCON would buy off the debt from the bank in return for issued shares. Bottom line, you and Innoson know nothing about banking in Nigeria. 1 Like |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by Gbagura: 2:48pm On Nov 25, 2021 |
nrexzy:You're a clown. Where and how? GTBank is intact and solid from any hungry igbo jester to takeover. Bank to powerful to be hijacked with 32b without basis. 1 Like |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by Gbagura: 2:54pm On Nov 25, 2021 |
einsteine:You gave that guy free schooling. You shouldn't have done that na. You should have let them continue fooling themselves, thinking GTBank could be hijacked under fraudulent means. Those people have been eyeing the bank for long but God pass them. |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by Kfed4ril(m): 11:12pm On Nov 25, 2021 |
GreatTormentor: If you read this report, you’ll see that first bank was in a comatose before CBN pumped money to rescue it, because it is “Nigerias oldest bank” |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by nrexzy: 6:38am On Nov 26, 2021 |
Gbagura:Yo didn't come to have a tribal war wit u... If that believe makes u sleep well then congrats.... |
Re: First Bank: CBN Breaks Silence, Says No Individual Can Own The Bank by nrexzy: 6:39am On Nov 26, 2021 |
einsteine: Tell dat to FBN and Otedola |
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