Business is business. You were willing to sell your shares to an American firm but became angry because it's your fellow Nigerian that eventually bought it. Seems you have an issue with him personally.

Corridon:
Humans can't be trusted even you Otedola.

See Ipob trying to shift the goal post

Tinubu beware o

9gerian:
Otedola would make profit because he would have sold his newly bought shares at the prevailing market rate.

Nigeria stock exchange has a daily cap of %10. No matter how bullish it is, it doesn’t appreciate more than %10 in a day.

Otedola held his shares for only a week. Did you by chance check the % of how Transcorp traded in that short period of time to calculate his profits..

Ghen ghen ghen...Igbo vs Yoruba...Billionaire edition.

No be lie,I believe him,he go smile with obi go back dey cast ham for tinubu

package7:
Igbos are traitors from the beginning of Creator. Nonsense and Ingredients people.

So you have now agree that south south is igbo abi But once election comes you will change your mouth. Fu(king hypocrite

This is a family fight high class in the society and for this i can't support otedola or olumelu or fault any either.when i heard that one person was buying a firm for $300m then it will be unwise to talk

EmeeNaka:
It's business

That's not how to do business

SeunDAssLicker:


You’re naive to think Otedola made any profit. Why would his shares be bought by Tony when there are millions more of ordinary shares..

Secondly, Otedola had to dispose his shares because if he doesn’t, Tony can easily take Firstbank from him with the %25 liquidity he put in Transcorp in one day.

Otedola made the right call by moving on, else he would have lost on two fronts. Firstly he doesn’t have enough shares to unseat Elumelu at transcorp.

Secondly if he decides to make it an open challenge, then he would have lost firstbank since Tony is in the banking business and has unlimited access to loans from Uba to snatch First Bank from Femi.

You are the ignorant one sir. Maybe you should always read the main thread before replying comments. If you go through the statement released by Otedola, you will know he is still pained by the betrayal of Elumelu.

He has no interest in usurping Elemulu at transcorp. It is just about unsettling the market; teaching Elumelu a little bit of lesson by checkmating him.

If the whole scenario is just as you ignorantly painted up there. Why then was Elumulu unsettled? Why did he involved mutual friends to beg Otedola to let go. The move by Otedola was already unsettling the market, Elumelu was boxed, he had no option than to beg !

Exactly what otedola was hoping to achieve. It was more of a 'lesson' than 'business' .

Wawelexy:
You stabbed yourself the moment you were unable to keep your mouth shut, in business, there's nothing like a brother or family, someone of your calibre should understand this better...

Well it isn't over yet, the best revenge you could get is to also outbid him in any business or shares he tops, not easy tho, alot of consultations, lobbying (most especially, relevant government personnel or agency), bribery (maybe), researchs, calculations, and huge investment will be done, cos you both will be playing powerful business chess ♟️ game, and the smartest wins all here...

Power tussles; Mr Elemelu is already ahead of you by mingling with the President - Select, you can still use the tribal card on him here, just like you know, the northerners will never leave their own person, but don't know if same can be said about the South West... To me, if Ote money knows how to play his game well and neat, I think it's high time to take advantage of ethnic sentiments via T\nubu to overtake the longest record holder of the richest person in Africa.... Dangoπe also used this same opportunity during the regime of B@baginda, Ab@cha, and Buh@ri... Even Ob@sanjo, cos Baba also danced to the tune of the northerners cos they were the decider of his election....

Now that Buh@ri had unknowingly put a slight friction in between the two tribes by trying to outsmart T\nubu in the just concluded elections, Yoruba, it's high time to overtake...

Go Ote$, your greatest challenge is Dangoπe refinery, but you can still win...

Trash cuz you brought up tribal into your comment.Oh Elumelu is ahead of Otedola?did you really know what happened in transcorp deal?NO,cuz if you knew then you will know that Elumelu is a learner….My man you don’t have any advice to give both Otedola and Elumelu and soon they will settle their differences just like Dangote and Otedola made up…..Sir everything is not about tribalism.

illicit:
You are obviously the type to be betrayed because you don't learn lessons and you can't keep quiet when necessary


You gave him trade information by yourself.

Exactly,why inform Tony about Ur business moves

and you still never learn as a Yoruba man

He is a shortcut lover I guess. Ibeto and Dangote drama too.

endy69:

Dem no dey do business with emotions oo. No doubt you maybe super rich tomorrow but if your only reason is because you're a son of the soil then, you're half way to failure

Calm down chairman.
Let tomorrow reach 1st.
No man goes to a war with a broomstick.

There wahala. BAT should settle them

package7:
Igbos are traitors from the beginning of Creator. Nonsense and Ingredients people.

Tribal coloration again,this is big men issue and soon to see them again smiling together

“Tony quietly went ahead to bid for Ughelli and he outbid me by offering to buy the plant for $ 300 million.”
Olorun Oba o! This Elumelu get money o🥹$ …300 m

tamdun:

Exactly,why inform Tony about Ur business moves

everybody needs that, an extra opinion from one or two top level guys who are in privileged places to see unusual things and make uncommon conclusions. Otedolla trusted the wrong man clearly.

illicit:
You are obviously the type to be betrayed because you don't learn lessons and you can't keep quiet when necessary


You gave him trade information by yourself.

Tony owns a bank. Otedola needs banks to buy anything he considers a good investment. So telling Tony his plans is not wrong. Tony is the devil who's greedy to always go faceless and buy whatsoever Otedola is interested in acquiring

This is why people don't tell their plans. A lady wanted to lease a place. She didn't want to say because people steal ideas. Once you start a business, suddenly everyone starts to do same. It's happened to me

Na igbo man now wetin you expect

That’s how we fight.., Dude vs Dude

We will be alright lastly

thinkmoney:

People feed the chicken just so they can eat it

tell me why wouldn't it be so,when he is the offender

Kog45:
Trash cuz you brought up tribal into your comment.Oh Elumelu is ahead of Otedola?did you really know what happened in transcorp deal?NO,cuz if you knew then you will know that Elumelu is a learner….My man you don’t have any advice to give both Otedola and Elumelu and soon they will settle their differences just like Dangote and Otedola made up…..Sir everything is not about tribalism.

Read read read.... Or maybe I should say read to understand and not to reply comments...


My second paragraph isn't about Tony anymore.... Dangote used this same tribal scheme I mentioned... Maybe you should go back to history...

lhordspy:


You are the ignorant one sir. Maybe you should always read the main thread before replying comments. If you go through the statement released by Otedola, you will know he is still pained by the betrayal of Elumelu.

He has no interest in usurping Elemulu at transcorp. It is just about unsettling the market; teaching Elumelu a little bit of lesson by checkmating him.

If the whole scenario is just as you ignorantly painted up there. Why then was Elumuluu settled? Why did he involved mutual friends to beg Otedola to let go. The move by Otedola was already unsettling the market, Elumelu was boxed, he had no option than to beg !

Exactly what otedola was hoping to achieve.

You’re still believing Elumelu begged him. Begged him, yet bought %25 in Transcorp in one day. Even though Femi only bought a meager %5.

I’m not sure where your emotional ranting is coming from. But that not how stocks work. There are millions more of ordinary shares to be bought in the open market that both parties can mop up, problem is who has more liquidity..?

Definitely not Femi who’s already sold half his position in First bank since he became major shareholder.

Lastly, you cannot disrupt Nigeria stocks because it is capped by the SEC, once you become a major shareholder, you’re bound to disclose your holdings.

Which is what prompted Tony to put a final lid on Transcorp from holding %6 to %31 in one day. Man bought 5X what Femi wanted to “disrupt” Transcorp with according to you.🫢🤦🏾‍♂️

Man still has enough to take Firstbank from Femi if he wants to with N20B only.

Go check how much Heirs Holding is worth and how much liquidity Tony has via UBA. Otedola on the other hand is only a major shareholder in Firstbank, he doesn’t sit on the board of directors yet.

Kellie069:
Could this be true? Mr Tony said so many nice thing about Ote$. He even called him his brother and partner . He even went ahead to reveal that he follows just him and his wife on IG .

Just to keep track of his moves so he can outsmart them 🤣🤣

lhordspy:


You are the ignorant one sir. Maybe you should always read the main thread before replying comments. If you go through the statement released by Otedola, you will know he is still pained by the betrayal of Elumelu.

He has no interest in usurping Elemulu at transcorp. It is just about unsettling the market; teaching Elumelu a little bit of lesson by checkmating him.

If the whole scenario is just as you ignorantly painted up there. Why then was Elumuluu settled? Why did he involved mutual friends to beg Otedola to let go. The move by Otedola was already unsettling the market, Elumelu was boxed, he had no option than to beg !

Exactly what otedola was hoping to achieve. It was more of a 'lesson' than 'business' .

APT….don’t mind some here na to Dey bring tribalism into discourse that everybody should learn from.It’s simple Elumelu is smart but Otedola is a business warrior who fight dirtying.I remembered how he finished Kano born House of rep member Farouk.

Trust an igbo man in business and be perished

Kellie069:
Could this be true? Mr Tony said so many nice thing about Ote$. He even called him his brother and partner . He even went ahead to reveal that he follows just him and his wife on IG .

Usually the enemy is closer than you think.