Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp - Business (3)

Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp (38101 Views)

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Nawttiboi007(m): 5:17pm On Apr 18, 2023

Well I'll still say it again here don't attach us to your primitive bigotry mentality weren't interested

Rahkman:
south south or nigerdelta is not classified in any world record as a name of a distinct tribe in any part of Africa its just like saying Dino melaye is from middle belt or saraki is from North West? Does it make sense to you?

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by emmanuelewumi(m): 5:18pm On Apr 18, 2023

[quote author= post=122598660]Not UBA bank, UBA nominees by Elumelu family control 9.25% of Trascorp also Elumelu own shares through Heirs holding[/quote]I don't think you understand how nominees work.

A nominees does not have voting rights during the AGM

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by FreeStuffsNG: 5:18pm On Apr 18, 2023

[quote author= post=122598787]He is not[/quote]He is. Individual is different from shares owned by subsidiary of a publicly owned bank like UBA. Do not let this kind of thing turn into a debate, not good for you wink

I actually prefer that Tony Elumelu retain the control of Transcorp and this kind of challenge should make him reward his shareholders better with capital appreciation and dividends.

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by N3TRAL(op): 5:18pm On Apr 18, 2023

[quote author= post=122598787]He is not[/quote]Largest "Individual" shareholder and largest shareholder do not mean the same thing.

The Largest shareholder is the UBA Holdings which is a company made up of hundreds of investors.

Otedola as a human being holds the largest share to himself.

He is the highest individual shareholder.

I won't reply you anymore.

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Tundex911: 5:20pm On Apr 18, 2023

If I may ask, how this our billionaire's helping the poor?

Failed Nation

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by LaughterLA: 5:21pm On Apr 18, 2023

Flathead8:
Tony Elumelu is not Igbo Please! This your desperate attach by force is sickening and nauseating

Stick with ur Cubana, Eze etc the audio/online billionaires

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

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by ZUBY77(m): 5:21pm On Apr 18, 2023

Flathead8:
Tony Elumelu is not Igbo Please! This your desperate attach by force is sickening and nauseating

Stick with ur Cubana, Eze etc the audio/online billionaires

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

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Airlord2030: 5:22pm On Apr 18, 2023

Tony elumelu is ika cool

And ika is not and will never be igbo cool

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Salewa97: 5:22pm On Apr 18, 2023

[quote author= post=122598366]His is second largest shareholder after Tony Elumelu[/quote]You probably don’t pass through school. Maybe they should type this in Ibo language for you to understand.

When you talk of Individual, Femi Otedola now owns the largest share in Transcorp.

Emphasis on Individual.

The only other shareholder with over five per cent ownership [/b]of the company is [b]UBA Nominees which owns about 9.25per cent of the company as of 2022 from 9.26 per cent reported in 2021.

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by emmanuelewumi(m): 5:22pm On Apr 18, 2023

[quote author= post=122598771]Not UBA babk, UBA nominees limited was registered as a private unlimited company by Elumelu in 2007 it control 9.25% of Transcorp[/quote]A nominees is an entity different people use to represent their investments. A nominee does not have voting rights, Stanbic IBTC nominees is the biggest representative of shareholders on NGX but Stanbic IBTC nominees does not have voting rights.

We have investors on NGX that are based abroad, Foreign Portfolio Investors and different retail investors that are represented by UBA nominees, that does not mean those shares belongs to Elumelu

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by emmanuelewumi(m): 5:23pm On Apr 18, 2023

Salewa97:
You probably don’t pass through school. Maybe they should type this in Ibo language for you to understand.

When you talk of Individual, Femi Otedola now owns the largest share in Transcorp.

Emphasis on Individual.

Exactly, unlike UBA nominees that represents the interest of different shareholders

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Anambra1stSon(m): 5:24pm On Apr 18, 2023

Flathead8:
Tony Elumelu is not Igbo Please! This your desperate attach by force is sickening and nauseating

Stick with ur Cubana, Eze etc the audio/online billionaires

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

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by IbileIfe: 5:25pm On Apr 18, 2023

Both Femi Otedola and Tony Elumelu are not billionaires in USD.
Only in Naira.

It is amazing that TikTok has a higher valuation than Transcorp.
TikTok made over US$1 billion in profits in 2022.

Dangote Group has a higher valuation than Transcorp.

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by RexTramadol1: 5:28pm On Apr 18, 2023

Stale

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by amp01(m): 5:28pm On Apr 18, 2023

uthor=sonature1 post=122598377]Wealthy people are going beyond tribal borders to network and get richer while riffraff are on Nairaland promoting tribal banters.[/quote]If you want to know the poor ones in Nigeria,just listen to their conversation,once you hear tribal talk,don't worry yourself,just know,they are POOR.
GO TO APAPA WHARF,AND SEE PARTNERSHIP AMONG THE VARIOUS TRIBES IN NIGERIA

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Anambra1stSon(m): 5:28pm On Apr 18, 2023

Salewa97:
You probably don’t pass through school. Maybe they should type this in Ibo language for you to understand.

When you talk of Individual, Femi Otedola now owns the largest share in Transcorp.

Emphasis on Individual.

Elumelu owns UBA nominee limited which owns 9.2% of Transcorp, Elumelu is the largest shareholder of Transcorp

1 Like

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Chucks13: 5:31pm On Apr 18, 2023

uncleck:
Money men. Whereas some people are here defending their ancestors for 30/month

Whereas some are their defending a liar, occultic, Marxist, religion and tribal bigot. a k a 25% in Abuja.

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Salewa97: 5:32pm On Apr 18, 2023

[quote author= post=122599040]Elumelu owns UBA nominee limited which owns 9.2% of Transcorp, Elumelu is the largest shareholder of Transcorp[/quote]Does Elumelu own 100% shares in the UBA nominee limited?

If yes, then why did he have an individual shares in his name in Transcorp before which is different from UBA nominee shares?

Before now:
—We have Elumelu shares as an individual (largest shares by individual)
—We have UBA nominee shares as a group shares (Largest shares overall)

Then Otedola came in:
—Became the largest individual shareholder while displacing Elumelu as individual largest share.
—UBA nominee still retained the largest shares. (Still retained the largest share overall)

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by victorVIC1(m): 5:33pm On Apr 18, 2023

Money bag. Femi also has stake in Dangote's refinery

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Anambra1stSon(m): 5:35pm On Apr 18, 2023

Salewa97:
Does Elumelu own 100% shares in the UBA nominee limited?

If yes, then why did he have an individual shares in his name in Transcorp before which is different from UBA nominee shares?

Transcorp clarifies issues on shares

1 Like

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Salewa97: 5:36pm On Apr 18, 2023

[quote author= post=122599142]Transcorp clarifies issues on shares[/quote]Stop bringing unrelated stuffs.

Before now:
—We have Elumelu shares as an individual (largest shares by individual)
—We have UBA nominee shares as a group shares (Largest shares overall)

Then Otedola came in:
—Became the largest individual shareholder while displacing Elumelu as individual largest share.
—UBA nominee still retained the largest shares. (Still retained the largest share overall)

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Anambra1stSon(m): 5:36pm On Apr 18, 2023

emmanuelewumi:
A nominees is an entity different people use to represent their investments. A nominee does not have voting rights, Stanbic IBTC nominees is the biggest representative of shareholders on NGX but Stanbic IBTC nominees does not have voting rights.

We have investors on NGX that are based abroad, Foreign Portfolio Investors and different retail investors that are represented by UBA nominees, that does not mean those shares belongs to Elumelu

Otedola is second largest individual shareholder

Transcorp clarifies issues on shares

1 Like

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Anambra1stSon(m): 5:38pm On Apr 18, 2023

Salewa97:
Stop bringing unrelated stuffs.

Before now:
—We have Elumelu shares as an individual (largest shares by individual)
—We have UBA nominee shares as a group shares (Largest shares overall)

Then Otedola came in:
—Became the largest individual shareholder while displacing Elumelu as individual largest share.
—UBA nominee still retained the largest shares. (Still retained the largest share overall)

UBA nominee is a private company own by Tony Elumelu which control 9.25% of Transcorp

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Anambra1stSon(m): 5:40pm On Apr 18, 2023

Salewa97:
Stop bringing unrelated stuffs.

Before now:
—We have Elumelu shares as an individual (largest shares by individual)
—We have UBA nominee shares as a group shares (Largest shares overall)

Then Otedola came in:
—Became the largest individual shareholder while displacing Elumelu as individual largest share.
—UBA nominee still retained the largest shares. (Still retained the largest share overall)

Otedola can't influence Trascorp just like he is doing with First bank

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Ologbo147: 5:40pm On Apr 18, 2023

N3TRAL:
Otedola is the highest "individual" shareholder. The highest shareholder is the UBA. UBA holds the largest share as a company/ corporate personality not a human person. Elumelu himself does not control 100% of UBA stocks.

your explanation is tight, he might not even control up to 40% of Uba stocks

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Salewa97: 5:41pm On Apr 18, 2023

[quote author= post=122599196]UBA nominee is a private company own by Tony Elumelu which control 9.25% of Transcorp[/quote]Where is the proof that Tony Elumelu owns 100% of UBA Nominee shares?

You own something does not mean you own 100% shares

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Anambra1stSon(m): 5:42pm On Apr 18, 2023

Salewa97:
Where is the proof that Tony Elumelu owns 100% of UBA Nominee shares?

You own something does not mean you own 100% shares

It's a private company

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by MeaslesMumpsRub: 5:42pm On Apr 18, 2023

Rich Yoruba and Rich Igbo people dey align an Poor once they beef each other.

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by emmanuelewumi(m): 5:43pm On Apr 18, 2023

[quote author= post=122599163]Otedola is second largest individual shareholder

Transcorp clarifies issues on shares[/quote]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

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by okwusdidi: 5:44pm On Apr 18, 2023

I have come to realise that our people get money no mean say you get money.Imagine these guys are Nigerians,a country regarded as the poverty capital of the world.Well they can only do the best the can to solve this problem with the enormous wealth they have.But poverty reduction through economic growth is the work of government through sound economic policies.

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Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Asour: 5:44pm On Apr 18, 2023

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.

When did a governor of a state (Lagos state) start awarding oil licenses — especially not even in Lagos. Sef!

Na wao!

Re: Femi Otedola Emerges Largest Shareholder In Tony Elumelu's Transcorp by Nobody: 5:45pm On Apr 18, 2023

Nawttiboi007:
Well I'll still say it again here don't attach us to your primitive bigotry mentality weren't interested

I don hear yoruba man

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