Otudeko, Otedola, Odukale lose N24bn in one week, as investments in FBN Holdings drop

The largest and majority investors in FBN Holdings, Oba Otudeko, Femi Otedola and Tunde Hassan-Odukale lost a whopping N24.64 billion in one week.

Their loss followed the reports of a discord between the largest shareholder, Otudeko, and the two other majority investors, Otedola and Odukale.

Recall that Ripples Nigeria reported that Otudeko bought 4.77 billion shares or 13.3 per cent stake in FBN Holdings two weeks ago. He reported his acquisition on July 7.

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