Two brothers of Femi Otedola, the majority owner of Geregu Power, have obtained shares summing up to 7.7 million in the electricity-generating firm.
According to details of regulatory filings posted on the Nigerian Exchange’s website on Thursday, Paul Olurotimi Otedola purchased 3.6 million shares at N219 per unit and 100,000 shares at N207.9 per unit on 2 and 7 February in deals worth N809.2 million.
Similarly, Ayokunle Michael Otedola bought 4 million shares at N219 per unit for N876 million on 2 February, bringing the combined purchases by the duo to N1.7 billion.
