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Femi Otedola FBN Holdings Plc has announced that the Chairman of Calvados Global Services Limited, Mr Femi Otedola, has acquired substantial shareholding in the company. FBN Holdings made the announcement in a statement issued on the Nigerian Exchange Limited’s portal on Saturday. The statement, signed by the company secretary, Mr Seyi Kosoko said, “We refer to our communication to the market dated, October 22, 2021 on the above subject wherein we stated that we would inform the public of any substantial acquisition, upon receipt of notification from the shareholder. “This morning, October 23, 2021, FBN Holdings Plc received a notification from APT Securities and Funds Limited, that their client, Mr Otedola Olufemi Peter, and his nominee, Calvados Global Services Limited have acquired a total of 1,818,551,625 units of shares from the company’s issued share capital of 35,895,292,791. “Based on the foregoingBBC's DW, the equity stake of Mr Otedola Olufemi Peter and his nominee in the

The Edo State High court sitting in Benin City has restrained the National Vice Chairman (South-South) of Peoples Democratic Party (PDP), Chief Dan Orbih and the State Secretary of the party, Hilary Otsu from participating in the forthcoming convention of the party scheduled for October 30 and 31, 2021.  Justice Joy Okeaya-Inneh gave the interim injunction, yesterday, in a motion ex-parte filed by Chief Idehen Manfred Ekundayo, Mr. Stanley Iduoze and Odior Omadimhe (Claimants) in the suit marked B/218/os/2021. The court listed Hon. Samuel Saiki, Vincent Ekpomhoriri Umoru, Leslie Ebozoje, David Okoh Aigbodion (also known as Arizona) and Abdulkareem Kassim as Defendants in the suit. Others are Kayode Ogunubi, Omoregie Ogbeide Ihama (House of Representatives member representing Oredo Federal Constituency), Mr. Oduwa Igbinosun and Mr. Friday Enaruna, excluding the PDP, which was also listed as 12th defendant in the suit. Justice Okeaya-Inneh restrained the first to 11 defendants from atten

Femi Otedola   FBN Holdings Plc has reacted to media reports that billionaire businessman, Mr Femi Otedola, has acquired a significant shareholding in the company. The holding company for First Bank of Nigeria Limited, in a statement signed by its Company Secretary, Seyi Kosoko, and filed with the Nigerian Exchange Limited on Friday, said it had not received any notification of such acquisitions.  It said, “The attention of FBN Holdings Plc has been drawn to media reports today (Friday) that a certain individual has acquired significant shareholding interest in FBN Holdings Plc. “As a listed company, the shares of FBN Holdings are publicly traded, and sale and acquisition of shares is expected in the normal course of business. We operate in a regulated environment, which requires notification 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 the public as appropriate. “The