In-fighting among Otudeko, Otedola, others costs First Bank shareholders N61bn

Shareholders of First Bank of Nigeria (FBN) Holdings lost about eight per cent of their investment on Wednesday, as the rift between Oba Otudeko and other majority shareholders took a toll on the firm.

This is according to the stock market performance of FBN Holdings on Wednesday, as the company’s share fell to N19.80 kobo, from N21.5 kobo per share.

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