The chairman of Transnational Corporation (Transcorp) Plc, Tony Elumelu, became N638.88 million richer this week following the billionaire businessman, Femi Otedola’s investment in the company.
The value of Elumelu’s investment in Transcorp Plc was N1.42 billion as of last Friday but this increased by 50 percent after four days trading this week.
Transcorp became the most sought-after equity in the Nigerian stock market after reports emerged last week that Otedola was interested in the company’s shares.
