BREAKING: Femi Otedola Acquires Further Shares in FBN Holding

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Nigerian Billionaire and Chairman of FBN Holdings, Femi Otedola, has further strengthened his position as the largest shareholder of the financial services company.

reports that Otedola has acquired an additional 797,946,415 shares of the company, valued at N17.2 billion.This latest acquisition, revealed in a notice filed with the Nigerian Exchange Group , brings Otedola's total stake in FBN Holdings to 11.64%, making him the only shareholder with a holding exceeding 10%. This move comes on the heels of his recent purchase of N18.9 billion worth of shares, which had increased his shareholding to 9.41%.

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