Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko - Business (2)

Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko (16933 Views)

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Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by airmark(m): 12:36pm On Jul 17, 2025

Cmeo:
There was a deal here that I suspected happened between Otudeko and Otedola.

I suspect Otudeko was told to release some FirstCo shares for sales to offset the debt he owned the bank and Femi offered to buy it and channel back the fund to FirstCo to repay Otudeko debt at the bank with the intention to drop the court case on Otudeko.

Make the share price rise and also do bonus or right issue.

Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by Ibehchizzy: 12:53pm On Jul 17, 2025

Is otedola richer than tinubu

Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by Munzy14(m): 1:37pm On Jul 17, 2025

SatoshiX:
I love Otedola's business mindset. His experience with bad debts that leads to him selling his, Zenon oil eventually gave birth to a ruthless investor.
Since his takeover of FBNHolco, he has been aggressive towards the chronic debtors that almost grounded the Company.
I'm proud to be a shareholder.

As in eeeh..Na human being they make fellow human get stone heart.

He learnt the good way in his case..He is becoming a brutal investor and I know he has a beef unsettled with Tony Elumelu. I believe it may get to a point the competition will be obvious.

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Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by SatoshiX: 1:53pm On Jul 17, 2025

koning:
He's not Self-made though. Hope you're aware of that. Unlike Jim Ovia and Elumelu.

Keep your comparison to your pocket. He's a billionaire and there's nothing you or your ilks can do about it.

Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by Gerrard59(m): 3:16pm On Jul 17, 2025

koning:
An amount that is totally useless to him at this stage of his life. Sometimes, one wonders the essence of accumulating so much money.

I have subscribed to the school of taught that aspire to spend all their cash money before they die. Bill Gates is our chairman. Don't leave shishi in the bank.

I agree with this. Build, save, invest and CHOP as well. Next of kin should continue with what they see, but CHOP yours to the fullest. What's an octogenarian going to do with more than a quarter of a trillion naira?

P.S. The chop also includes philanthropy.

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Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by legacystore: 3:47pm On Jul 17, 2025

If you don't buy First bank now at 35 you will still beg to buy at 65 before sept. The only thing they need to do is to pay good dividend twice a year like their mates and the share price will fly.

It's so easy to make money if you already have money. If you invested 100m in first bank 3 weeks ago at 25 today at 35 you have already made 40m grin

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Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by Nayturalistic: 4:27pm On Jul 17, 2025

Itiaba007:
please can anyone here help me secure a driving job?

Check jiji under the jobs section, there are lots of driving job vacancies there.

1 Like

Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by Fearurcreeator: 8:11pm On Jul 17, 2025

AngelicBeing:
300 billion Naira in cash as he exits the Bank, at the age of 82 , that is a GENERATIONAL WEALTH his Family and bloodline will enjoy after his demise , nawao, that is alot of quid in Nigeria today considering the Inflation and poverty in Nigeria,

How many celebrities all over the world is worth $200m , that man with that cash is richer than 99.9% population of America

Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by crossbreedwears(m): 11:36pm On Jul 17, 2025

I have worked closely with Oba Otudeko

Omenlon:
what stake do you have in firstholdco, abeg wake up and hustle, leave big men make them settle themselves.

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Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by crossbreedwears(m): 11:36pm On Jul 17, 2025

How do you define a poor man sir?

Tjra:
What are they hiding? Na everything be conspiracy theory for poor people.

Better hustle hard so you can also ball like the big boys.

Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by Burob: 1:15am On Jul 19, 2025

Cmeo:
There was a deal here that I suspected happened between Otudeko and Otedola.

I suspect Otudeko was told to release some FirstCo shares for sales to offset the debt he owned the bank and Femi offered to buy it and channel back the fund to FirstCo to repay Otudeko debt at the bank with the intention to drop the court case on Otudeko.

You are more likely correct on your assertion.

1 Like 1 Share

Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by Burob: 1:18am On Jul 19, 2025

koning:
He's not Self-made though. Hope you're aware of that. Unlike Jim Ovia and Elumelu.

Femi Otedola is a self made man from his hustling days on the streets of mainland Eko in the 1980’s & 1990’s, way b4 his papa NRC man became mistake governor of Lagos State because of the SDP fight between Dapo Sarumi & Agbalajobi of which will be the governorship candidate.

Chairmen that know, We know.

Re: Otedola Takes Over 40 Percent Of Firstholdco In Forced Exit Of Otudeko by Itiaba007: 12:12pm On Oct 05, 2025

Nayturalistic:
Check jiji under the jobs section, there are lots of driving job vacancies there.

thanks bro

1 2 Reply

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