First Bank of Nigeria Holdings (FBN) has confirmed Femi Otedola has its largest single shareholder. It revealed this in its full year result which was submitted to the Nigerian Exchange on Tuesday, 25 May 2022.
According to the report, FBN report Otedola has a direct holding of 0.58% direct stake and 6.98% indirect stake.
This brings Otedola total stake on one of Nigeria’s oldest bank to 7.56% making him clear of Tunde Hassan-Odukale who has 4.31% as at the end of 2021.
Hassan-Odukale’s 27,530,930 direct shares, and 1,518,758,784 indirect shares in First Bank is worth N16.62 billion.
Otedola makes over N543m Meanwhile, Femi Otedola pocketed almost N543 million on Thursday as the value of his share holdings (2.7 billion units) increased from N28.66 billion to N29.21 billion during trading. This occurred when First Bank shares rebounded from two days of losses to rise from N10.55 to N10.75 per share.
Breakdown of Otedola shares on First Bank Femi Odetola Direct Holding . 210,000,000 0.59 Calvados Global Services Limited . Indirect Holding 1,989,342,376 5.54 Primrose Global Concept . Indirect Holding 170,000,000 0.47 Shetland Global Indirect Holding 174,939,764 0.49 Wells Properties Indirect Holding . 120,000,000 0.33 Impetus Synergy . Indirect Holding . 53,000,000 0.15
Aliko Dangote is one of, if not the most vital businessman in Nigeria post-independence, as the cement mogul has established several companies creating jobs for Nigeria.
In a list compiled by Legit.ng, Dangote was mentioned alongside other notable business people such as Folorunsho Alakija, Rabiu Abdulsamad, Mike Adenuga and Obi Cubana.
They have changed the face of business in Nigeria, ending the era of kola nut and groundnut being the key to success, in creating other revenue potential enterprises.
(Source: Legit.ng)
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