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First Bank Holding Confirms Femi Otedola As A Significant Shareholder - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessFirst Bank Holding Confirms Femi Otedola As A Significant Shareholder (32778 Views)

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Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by EjaikreTheViper(f): 10:07am On Oct 24, 2021
huh
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by baralatie(m): 10:07am On Oct 24, 2021
pickatyoubackup:
This is the country I know of where people who are meant to be the first to know become the last to know or do not know at all.
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Folaoni(m): 10:07am On Oct 24, 2021
TempUser:
#First we define the variables
book_price = float(input("Enter Book Price: "wink)
discount_rate = float(input("Enter Discount in %: "wink)
shipping_rate = float(input("Enter Shipping Cost per book: "wink)
books_ordered = float(input("Enter the number of books ordered: "wink)

#Then let's make some calculations of discount price,shipping and the total cost
discount_price = (book_price * discount_rate / 100)
shipping_cost = (shipping_rate * books_ordered)
total_cost = ((book_price - discount_price) * books_ordered) + (shipping_cost * books_ordered)

#Now we print our statements as required:
print("Cost of Book : ", book_price)
print("Less discount price: ", discount_price)
print("Shipping cost : ", shipping_cost)
print("Number of Books ordered : ", books_ordered)
print("Total Wholesale Cost : ", total_cost)
Are you a Python programmer?
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Buliwyf: 10:08am On Oct 24, 2021
Nigerians. They will still claim FBN is lying. When did 5% transform into majority stake?
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by kenyguy(m): 10:09am On Oct 24, 2021
We dey watch
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Yankee101: 10:09am On Oct 24, 2021
5% entitles him to only one director not a takeover
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by OmoManU: 10:13am On Oct 24, 2021
Validated:
Is 5% the big deal? FBN can easily dilute the holdings by creating additional shares and repuchase a large chunk thereby reducing his stake to less than 5%
Naso so e take easy? People would just come online and come and b spewing thrash
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by OmoManU: 10:13am On Oct 24, 2021
Buliwyf:
Nigerians. They will still claim FBN is lying. When did 5% transform into majority stake?
Is there anyone that has more than 5% that should be the question
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Aristo3146(m):
Bewiseedet:
Finally ote$. Why did they deny the news at first.
They later discovered that the market value of their shares increased with the news that Femi is a major shareholder. They have no choice than to incorporate the information in other to sustain their position on the stock market.
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by lawflec(m): 10:23am On Oct 24, 2021
You don't know what you are saying.
CBN has so much role to play in the ownership of banks.

orisa37:
FBN HOLDING PLC IS A CHARADE, A SHARIA, A SPLINTER AND AN OIC ARRANGEMENT.

FIRST BANK PLC IS OWNED PRIMARILY BY THE BOARD OF THE ORDINARY SHAREHOLDERS. CAMA RULES SUPREME.

THE CBN HAS NO ROLE TO PLAY IN THE OWNERSHIP OF ANY BANK. OTUDEKO AND OTEDOLA ARE BEING USED IN A RUGA TAKEOVER AND I SUSPECT EMEFIELE'S INTERVENTION.
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by raphy(m): 10:23am On Oct 24, 2021
Ok am.not surprise I already see it coming Tay tay the rich got richer and the poor will be there trying to make it
But hustle legit u will make it anywhere.

Happy Sunday my people
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by udemzyudex(m): 10:26am On Oct 24, 2021
See what this present government have turned Nigeria into.

Every organisation is now following their footsteps.


Smh
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Torosk1(m): 10:28am On Oct 24, 2021
Wey Cuppy dey, I want pay her bride price grin
E get why

Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by MT: 10:28am On Oct 24, 2021
TempUser:
#First we define the variables
book_price = float(input("Enter Book Price: "wink)
discount_rate = float(input("Enter Discount in %: "wink)
shipping_rate = float(input("Enter Shipping Cost per book: "wink)
books_ordered = float(input("Enter the number of books ordered: "wink)

#Then let's make some calculations of discount price,shipping and the total cost
discount_price = (book_price * discount_rate / 100)
shipping_cost = (shipping_rate * books_ordered)
total_cost = ((book_price - discount_price) * books_ordered) + (shipping_cost * books_ordered)

#Now we print our statements as required:
print("Cost of Book : ", book_price)
print("Less discount price: ", discount_price)
print("Shipping cost : ", shipping_cost)
print("Number of Books ordered : ", books_ordered)
print("Total Wholesale Cost : ", total_cost)
This is too procedural� Embrace object orientation for code reusability �
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Method147(m): 10:29am On Oct 24, 2021
Who is femi Otedola because I don't seem to know him, is he the cbn governor?
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by humilitypays(m): 10:30am On Oct 24, 2021
mrkels:
Why is the end of the article talking about take over ? With 5% stake ? Is the writer high or just incredibly stupid ?
The writer must be an Oduanistan, Otedola now owns First Bank with just 5% share, Nigerian journalists seems to be as useless as Nigerian Army grin
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Nobody: 10:35am On Oct 24, 2021
After first denying.

Lol
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by emmy512(m): 10:36am On Oct 24, 2021
toblosky:
Taught you have to have atleast 51% for a full takeover
Yeah, but he didn't take over as reported.
Maybe he became a majority shareholder
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Bewiseedet(m): 10:37am On Oct 24, 2021
Aristo3146:
They later discovered that the market value of their shares increased with the news that Femi is a major shareholder. They have no choice that to incorporate the information in other to sustain their position on the stock market.
Does it mean the information is legit?
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by houseontherock: 10:42am On Oct 24, 2021
First bank- we are not aware...I hope you're aware now
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by SarkinYarki: 10:43am On Oct 24, 2021
SavageResponse:
There should be a law precluding an individual who has mon-performing loans from acquiring significant shares in a financial institution!
True
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by olasquare: 10:51am On Oct 24, 2021
Why there initial gragra denying it before. Iranu!
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by wallrichy: 11:17am On Oct 24, 2021
Why is it a common trend in Nigeria to always dispel the truth but later accept it's the truth? A whole FBN coming out to deny a truth and later came back to say it's the truth.....imagine such irregularity happening in just a FBN and the same bank officials denying it earlier.....that says a lot...that they ain't aware of what's happening in that bank and possibly they need a final authority from one idiot to declare the truth if the idiot eventually want the truth to be told before declaring to the public what we have seen by the mare facts of Stock exchange trading activities......Nigeria is really bewitched....
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by tnerro1(m): 11:26am On Oct 24, 2021
Chai, my dream to be a major investor is on the way small small
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by xmanco42: 11:35am On Oct 24, 2021
When I saw this pump I knew something someone was up to something.
#life is not fair. The rich have money to buy more money while the poor have money to buy food. �

Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by ppogba: 11:38am On Oct 24, 2021
SavageResponse:
There should be a law precluding an individual who has non-performing loans from acquiring significant shares in a financial institution!
That should be the case but the truth is that the banking sector is ruled by mafias. In an industry where a debtor Bank (access) can aquire a bank it is owing (Intercontinental), then you will know that everything goes.
In an industry where a bank MD is chosen to be a CBN gov, then what do you expect?
Sooooo much to say.
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by Offpoint1: 11:50am On Oct 24, 2021
TempUser:
#First we define the variables
book_price = float(input("Enter Book Price: "wink)
discount_rate = float(input("Enter Discount in %: "wink)
shipping_rate = float(input("Enter Shipping Cost per book: "wink)
books_ordered = float(input("Enter the number of books ordered: "wink)

#Then let's make some calculations of discount price,shipping and the total cost
discount_price = (book_price * discount_rate / 100)
shipping_cost = (shipping_rate * books_ordered)
total_cost = ((book_price - discount_price) * books_ordered) + (shipping_cost * books_ordered)

#Now we print our statements as required:
print("Cost of Book : ", book_price)
print("Less discount price: ", discount_price)
print("Shipping cost : ", shipping_cost)
print("Number of Books ordered : ", books_ordered)
print("Total Wholesale Cost : ", total_cost)
Missed programming... I believe this is PHP
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by zoomman(m): 11:52am On Oct 24, 2021
toblosky:
Taught you have to have atleast 51% for a full takeover
Thank you my brother, I thought I was the only one thinking that way, had to go to my FA text book to confirm.
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by LyfeJennings(m): 11:56am On Oct 24, 2021
Validated:
Is 5% the big deal? FBN can easily dilute the holdings by creating additional shares and repuchase a large chunk thereby reducing his stake to less than 5%
U are too smart but unfortunately U are not a billionaire
And YES, 5% IS A B.I.G DEAL
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by LyfeJennings(m): 11:58am On Oct 24, 2021
OmoManU:
Naso so e take easy? People would just come online and come and b spewing thrash
Lmao
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by yetunsbay(m): 12:10pm On Oct 24, 2021
afamaustin:
And l only HV #25,806,00.God give me the wisdom to be billionaire.
do giveaway
Re: First Bank Holding Confirms Femi Otedola As A Significant Shareholder by meedoLock(m): 12:18pm On Oct 24, 2021
afamaustin:
And l only HV #25,806,00.God give me the wisdom to be billionaire.
Bro u even get money for account. Some persons account don red finish, na to catch fire e remain o, and if it does na die b dat

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