Otedola Regains Position As Largest Shareholder In FBN Holdings

According to corporate filings on the Nigerian Exchange Group (NGX) on Thursday, Otedola now holds a 9.41 percent stake in the bank.

This development follows his acquisition of the group’s shares worth N18.9 billion. The filings indicate that Otedola paid N21.91 per share, totaling N6.935 billion for 316,506,776 shares.

Additionally, he purchased 546,674,034 shares through Calvados Global Services Limited, his holding company, at N21.97 per share, amounting to N12.01 billion.

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