The Receiver Manager acting on behalf of Ecobank Nigeria Limited, Kunle Ogunba and Associates, has demanded that First Bank of Nigeria (FBN) Holdings reject the acquisition of its shares by Oba Otudeko.
Otudeko was accused of owing Ecobank N13.5 billion as of January 31, 2023, after the Supreme Court reportedly ruled that the investor is indebted to the lender.
Recall that Ripples Nigeria previously reported that Otudeko acquired 4.77 billion shares of FBN Holdings last week, which is worth N106.37 billion as of Monday.
