After Earning Billions From Elumelu, Otedola Sells 2.8 Million Shares In Geregu To Brother

Nigerian billionaire investor, Femi Otedola, has sold shares in his Geregu Power Plc, after a surprise exit from Transnational Corporation Plc a few days after he surpassed Tony Elumelu to become the majority shareholder.

Otedola controls 95.56 per cent or 2,388,922,308 shares in Geregu making him the majority shareholder, according to the company’s books as of 2022.

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