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Otedola Hasn't Acquired FBN - FBN Reacts to Trending Rumour

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NAIJA NEWS: Otedola Hasn't Acquired FBN - FBN Reacts to Trending Rumour [New Naija News] » Naijacrawl
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The First Bank of Nigeria has reacted to the rumour that spread yesterday that the Billionaire; Femi Otedola his now the major stakeholder in the bank with over 30% shares.



But the bank has said that is not true and that there is no notification about that.

The disclaimer was made through a press release signed by the company Secretary Seyi Kosoko.

It reads;

The attention of FBN Holdings Plc has been drawn to media reports today (Friday) that a certain individual has acquired significant shareholding interest in FBN Holdings Plc.

“As a listed company, the shares of FBN Holdings are publicly traded, and sale and acquisition of shares is expected in the normal course of business. We operate in a regulated environment, which requires notification of significant shareholding by shareholders to the company, where shares are held in different vehicles, further to which the company will notify the regulators and the public as appropriate.

“The company is yet to receive any notification from the individual mentioned in the media report, of such acquisitions.”

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Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

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