Femi Otedola’s brothers acquire stake in Geregu Power

The relatives of Femi Otedola, the majority shareholder of Geregu Power Plc, have acquired millions of shares in the electricity company.

Paul Olurotimi Otedola and Ayokunle Michael Otedola acquired 7.7 million shares of Geregu Power on February 2 and 7, 2023.

According to a corporate document sent to the investing public on Thursday, and obtained by Ripples Nigeria, it was gathered that Paul acquired 3.7 million shares, worth N789.76. Each share cost Paul N213.45 kobo.

RipplesNigeria : Read More