Transcorp Ownership Battle: Otedola Quits Company As Elumelu Mops Up 1.99 Billion Shares

Tony Elumelu and Femi Otedola have reached an agreement that will see Otedola exit Transcorp, a company he recently owned over six per cent of the shares.

The shock exit is coming after Elumelu increased his shares by 9,697,189,984 units to 25.5 per cent through his Special Purpose Vehicle, HH Captial Limited.

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