Otedola regains position as FBN Holdings’ top shareholder

Mr Otedola racked up 863.2 million of the lender’s shares in two different transactions on Thursday, according to regulatory filings at the Nigerian Exchange Limited

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As of the end of March, the business tycoon held 7.01 per cent of FBN Holdings shares: 6.98 per cent indirectly through Calvados Global Services Limited and 0.03 per cent directly. The news hit the public after the acquisitions reached the 5 per cent threshold, requiring him to make a formal disclosure to the Nigerian Exchange.

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