₦airaland Forum

PrinceOfLagos:
Story for the gods

Tinubu that wants to be president by every means possible

Gadafii:
That 14 years is 7*2 shey

Cos he said he was sentenced in 2013

Jibsy203:
Yoruba Muslim have done it again

Ola17:
There’s no hell.

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.

9jah:
Coming from a captured slave;
Living in a captured territory;
60% of the entire Northern Nigeria; in full control of a terrorists organization.
Ndigbo are been crucified ;for trying not to be like y'all.
Y'all are bunch weaklings.

BombAttack:
E pain am

BombAttack:
I learnt your mother was among this dead bodies below

Or na your father which one

BombAttack:
I learnt your mother was among this dead bodies below

Or na your father which one

BombAttack:
Just as you and your sponsors has been wishing and killing this Nigerian below

BombAttack:
[s]See this hypocrite, every Army killing in Igbo land is reported with pictures and videos by the Army and their online miscreants

But they can't show pictures or videos of the fathom bombardment in the north

I don't drink cow urine like you[/s]

BombAttack:
Video or

davodyguy:
These guys are miscreants

Buksaylor:
And Innoson couldn't take over GTB.

Buckeyemedia1:
She just graduated with another degree from Oxford University.

Mavor:
[s]I know the complexities and strategies behind corporate takeover is too complex for your tiny brain to comprehend.[/s]

Mavor:
[s]The article is arriving at a major conclusion based on little empirical facts. It doesn't say if Otedola has above 50% voting shares which should enable him to trigger a takeover of the bank. It doesn't say if Otedola has below 50% shares but has the support of other major shareholders to launch a takeover. It doesn't confirm that Otedola has specifically said he wants to takeover FBN. Please learn to comprehend. Go school, your type no go gree.

The mods will not do their proper due diligence but instead will rush to post mediocre articles on Frontpage. When foreigners go through this rubbish article and compare it to the headline, they will be scratching their heads and laughing at Nigerians and our educational system[/s].

Mavor:
Does he have above 51% shares voting power? How did you arrive to the conclusion that he can and he wants to take over FBN? This article sef!!! Nigerian journalism and mediocrity is like 5 & 6.

Newsone understands that Nigerian billionaire businessman, Femi Otedola has today, Friday, October 22, 2021, taken over First Bank of Nigeria Plc.

An exclusive report monitored on The Street Journal by Newsone Nigeria, says Femi Otedola took over First Bank with his recent acquisition of about N30 billion worth of shares, making him the single largest shareholder of the bank.

According to the report, Otedola being the largest shareholder means he holds the highest voting shares and can dictate the direction of the bank through his voting power.

Newsone recalls that when that Otedola divested his 75% direct and indirect shareholding in Forte Oil, via a merger of his company Zenon Oil and former African Petroleum in 2019, the decision raised questions as to why he made such a decision especially because of the lucrative nature of the oil and gas sector.

At the time, Newsone recalls that Otedola had announced that he wanted to explore and maximize business opportunities in refining and petrochemicals.

Otedola singled out First Bank despite having investments in the real estate and financial sector, for the single reason that there wasn’t exactly one man calling the shots there, unlike in other new generation banks, the report added.

Meanwhile, Newsone Nigeria reports that Otedola wasted no time in taking advantage of the leadership crisis that rocked First Bank not too long ago that led to the Central Bank of Nigeria (CBN) sacking both the chairman of the bank, Ibukun Awosika, and Obafemi Otudeko, the chairman of FBN Holdings.