FBN Holdings Plc Friday denied claims by online media that the Nigerian business mogul, Femi Otedola has acquired majority stake in the bank.
“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. The report stated that the business mogul has allegedly acquired majority stake in FBN Holdings, which also recently had a board crisis, to take over the company.
The apex bank also set up interim boards, reinstalling the ousted Managing Director/ Chief Executive, Dr. Sola Adeduntan. The interim board chairman of the bank, according to CBN, will be Tunde Hassan-Odukale.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barbados elects first president, to replace British Queen | The Guardian Nigeria News - Nigeria and World NewsBarbados has elected its first president, a key step in preparations to become a republic and remove Britain’s Queen Elizabeth II as head of state of the Caribbean island. Sandra Mason, the current governor-general, is set to be sworn in as president on November 30, the country’s 55th anniversary of independence from Britain. Calling the […]
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Experts task startups on clear business goals | The Guardian Nigeria News - Nigeria and World NewsFor business startups and Small and Medium Enterprises (SMEs) to stay in business long enough to achieve desirable profitability, financial experts have listed strategies...
Source: GuardianNigeria - 🏆 1. / 94 Read more »
New App boosts Nigeria’s digital banking sector | The Guardian Nigeria News - Nigeria and World NewsAs part of efforts to expand the digital banking space in the country, Branch, a leading digital finance app that offers value to both the excluded and underserved population...
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Felabration21: Fela honoured as fearless man of Africa | The Guardian Nigeria News - Nigeria and World NewsFor his bravery through his strident, satirical numbers that made him both hero to Africa’s poor and renegade to the governments, Afrobeat pioneer, Fela Anikulapo Kuti,..
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Swedish teen rapper killed in Stockholm shooting | The Guardian Nigeria News - Nigeria and World NewsAward-winning Swedish rapper Einar, who has topped the country's charts, was shot and killed in Stockholm, police and media said Friday as police hunted for suspects.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Pipeline explosion kills 20, injure many in Rivers | The Guardian Nigeria News - Nigeria and World NewsAgain, pipeline explosion from illegal refining of petroleum products in Rumuekpe community in Emohua local council of Rivers State has reportedly killed 20 persons.
Source: GuardianNigeria - 🏆 1. / 94 Read more »