ZUBY77:


He is a Yoruba man. Take him. Focus more on what's important.

post=122598366:
His is second largest shareholder after Tony Elumelu

emmanuelewumi:




What do you expect. Similar thing happened when Otedola became the largest shareholders of First Bank.

Management of First Bank denied it for almost 2 weeks.


SEC and Nigeria Stock Exchange will soon as CSCS and the Registrar of Transcorp to show the current share holding structure of Transcorp

LaughterLA:

Lolz
Tony Elumelu is not igbo but uduka obaghagona of Arise TV is igbo despite both coming from the same LGA in delta state because the uduka is always exposing Tinubu
Hypocrites

DeLaRue:


That's incorrect.

Otedola is the largest individual shareholder. He has over 5%, while Elumelu has over 3%. The other 9% that Elumelu 'controls' belongs to all UBA shareholders of which Elumelu is the largest shareholder.

As things stand, Otedola will get significant number of positions on the board of directors. He will now have a big say on how the company is run and will have a say on any major decision.

This is an unfriendly and aggressive move by Otedola. Yet, it is a fair one. Anybody is free to buy available shares on the stock exchange. Make no.mistake abiut it, umelu can't be happy right now, but you can't blame Otedola.

Otedola must have seen a big potential in transport and wants to benefit from that potential. It is possible there are some government assets, opportunities or concessions in the powe4 sector which he fears might fall to transform.

He will have seen the 'president- elect' visiting Elumelu and wonder.

Rahkman:
I don hear yoruba man

post=122598965:

Since Tony Onyemaechi is not an Igbo man and you want us to believe that Mike Adenuga who is Ijebu is a Yoruba

Nawttiboi007:
Im not yoruba either make una juz leave us from una selfishness and bigotry. When Goodluck Ebele Jonathan ruled for six years I know how the eastern claimed he isn't an igbo man , that igbos are being marginalised

Flathead8:
According to "Chibuzo Ukalbe", another desperate attach by force author

post=122599241:

It's a private company

post=122599356:

Nothing like similar thing, once UBA nominee limited a private company control 9.25% Otedola can't do what he did in First bank in Transcorp

Read below

Rahkman:
Otedola is no more a billionaire in dollars and is far below elemelu in networth .....but yorubas are not ready for that discussion

post=122599406:

Is Ijebu people Yoruba

emmanuelewumi:




Kindly educate yourself on what a nominees company does

The shares in a nominee account is owned by many shareholders, unlike Otedola who is a single largest individual shareholder

Basicend:
Transcorp that is a dead conglomerate.

A very dead brand from the onset.

Femi, has some old accumulations from Nigeria's crude reserves but he is not so much a wise investor.

He was a FBN, and he left. . Where is his outlay in Forte/AP?

He got his significant wealth from the oil block that FG allocated to him. . Not that he was so inventive or creative.

chicoMX:
I looked at Forbes billionaire list today, and it is just crazy mehn. Things that caught my attention.

1. Bernaut and family is about $240+BN, while Elon musk is about $180+BN. The difference here, Omo.

2. Even though Baba is retired, Bill Gates is still amongst top 10 richest men.

3. Zuckerberg is somewhere around 15th, this used to be in top 10. Omo.

4. I found the female gender amongst top 10.

The Otedolas fit dey like 1000 Omo.

Basicend:
Transcorp that is a dead conglomerate.

A very dead brand from the onset.

Femi, has some old accumulations from Nigeria's crude reserves but he is not so much a wise investor.

He was a FBN, and he left. . Where is his outlay in Forte/AP?

He got his significant wealth from the oil block that FG allocated to him. . Not that he was so inventive or creative.

chicoMX:
I looked at Forbes billionaire list today, and it is just crazy mehn. Things that caught my attention.

1. Bernaut and family is about $240+BN, while Elon musk is about $180+BN. The difference here, Omo.

2. Even though Baba is retired, Bill Gates is still amongst top 10 richest men.

3. Zuckerberg is somewhere around 15th, this used to be in top 10. Omo.

4. I found the female gender amongst top 10.

The Otedolas fit dey like 1000 Omo.

PulaPower:

Ote isn’t a dollar billionaire?

post=122599380:


Transcorp has clarifies issues on shares and you guys are still giving yourselves headache, he is second largest shareholder after Tony Elumelu

post=122599406:

Is Ijebu people Yoruba

post=122599667:

Stop giving yourself headache Elumelu is the largest shareholder in Transcorp, we know the dirty game Otedola played with the Igbo man shareholder in with Largest shares in AP when Obasanjo was in power, he can't repeat that with Elumelu.

Omoawoke:
all these Yoruba men dominating everywhere. Must Yoruba be everywhere, entertainment, media, tech, medical fields, powerful politicians.?
They come get fine girls again, Yoruba girls dey enter my eyes. hmmm it is well

Basicend:
Transcorp that is a dead conglomerate.

A very dead brand from the onset.

Femi, has some old accumulations from Nigeria's crude reserves but he is not so much a wise investor.

He was a FBN, and he left. . Where is his outlay in Forte/AP?

He got his significant wealth from the oil block that FG allocated to him. . Not that he was so inventive or creative.

vanitybutiwanti:
What point exactly are you trying to prove? What do you know about finance and holding structure? To you everything is a war between the Igbos and yourubas, the part you highlighted in the article says otedola is the second largest shareholder, you fail to comprehend that as an individual he's the largest shareholder, UBA nominee is a corporate entity hence overall they are the largest shareholder overall, but individually it's otedola, and again you don't have proof that Tony owns 100% of UBA nominee, you don't even understand the purpose of a nominee in finance, if I was a politician and I want to buy shares in a publicly listed or private company especially in Nigeria, I don't buy shares with my name or companies with my name on the CAC documents, I simply enlists the service of a trustee like UBA nominee, Stanbic nominee, ARM, and any other trustee to buy shares in their names and also instruct the trustees to send proceeds of my investment to selected accounts, considering the fact that I'm politically exposed and if my enemies assumes the mantle of leadership, they'll probably go after me, instead of buying assets with my name, I use trustees as fronts and use myself as the sole beneficiary of the trust. I just schooled you, I hope you learnt something today.

Primusinterpares:
Like is he likely to become the owner of Tony Elumelu group of companies

chicoMX:
I looked at Forbes billionaire list today, and it is just crazy mehn. Things that caught my attention.

1. Bernaut and family is about $240+BN, while Elon musk is about $180+BN. The difference here, Omo.

2. Even though Baba is retired, Bill Gates is still amongst top 10 richest men.

3. Zuckerberg is somewhere around 15th, this used to be in top 10. Omo.

4. I found the female gender amongst top 10.

The Otedolas fit dey like 1000 Omo.

DeLaRue:


No. That's Mr Elumelu's private company.

Transcorp is a separate company.

Aderewah:
Lol. Otedola is richer than every person in nnewi combined

Basicend:
Transcorp that is a dead conglomerate.

A very dead brand from the onset.

Femi, has some old accumulations from Nigeria's crude reserves but he is not so much a wise investor.

He was a FBN, and he left. . Where is his outlay in Forte/AP?

He got his significant wealth from the oil block that FG allocated to him. . Not that he was so inventive or creative.i wonder how pp like u just open mouth waaaa and start pouring out nonsense calling a rich man like otedola bad investor anyway it is well with u o