Ecobank Nigeria has written FBN Holdings Plc, asking the financial services group not to recognise the 4.8 billion shares recently acquired by former chairman, Oba Otudeko.
The local unit of Lomé-based Ecobank Transnational Incorporated made the request through its solicitor, ‘Kunle Ogunba & Associates, in a letter dated 7 July 2023.
The solicitor noted in the letter seen by PREMIUM TIMES that the bank made the request because of Mr Otudeko’s failure to clear a debt totalling N13.5 billion.
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