Billionaire entrepreneur and FBN Holdings chairman, Femi Otedola, has purchased an extra 2.22 per cent stake in the First Bank of Nigeria.
The acquisition was officially revealed in a corporate disclosure filed on the Nigerian Exchange Group (NGX) website on Monday.
The recent purchase solidifies the billionaire’s authority over the company, as his ownership stake has now increased to 11.63 percent – the highest it has ever been.
