Otedola edges Hassan-Odukale becomes highest shareholder in First Bank

In it is now settled First bank has confirmed that Femi Otedola is its largest individual shareholder.

This is coming months after a faceoff between two billionaires Otedola and Tunde Hassan-Odukale.

In its latest report, First bank shows that Otedola has amassed 7.56% of its shares and this helped him earned over over N543m on Thursday.

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. Movement of First Bank shares Credit: NGX.

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. Read more: https://www.legit.ng/business-economy/capital-market/1471802-first-bank-confirms-billionaire-femi-otedola-biggest-shareholder-n5434m-8-hours/