Here Is Official Reaction To Claims Otedola Is FirstBank’s Biggest Shareholder

An official reaction has been made to reports here and there that Femi Otedola has acquired the status of owner of biggest shareholder after months of careful acquisitions of floating shares in the market through proxies

A statement by FBN Holdings plc – signed by company secretary Seye Kosoko – sourced from the Nigerian Exchange Limited (NGX) has addressed this claim.

The statement re[ortedly released on Friday explains that “The attention of FBN Holdings Plc has been drawned to media reports purporting that a certain individual has acquired significant shareholding interest in FBN Holding Plc, therefore making him the majority shareholder in the company.

“As a listed company, the shares of FBN Holding Plc are publicly traded and sale and acquisition of shares is expected in the normal course of business.

“We operate in a regulated environment which required notifications of significant shareholding by shareholders to the company where shares are held in different vehicles, further to which the company will notify the regulators and public as appropriate,

The company is yet to receive any notification from the individual mentioned in the media report, of such acquisition , FBN Holdings Plc will always notify the appropriate agencies and authorities whenever it receives any notice of significant shareholding by the shareholders and the Company’s Registrar’s ”