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Oba Otudeko

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

Since Oba Otudeko, the former chairman of First HoldCo and second-largest investor, exited the company unceremoniously, the financial institution’s share value has depreciated by N2.9 kobo, erasing N121.44 billion from shareholders’ investment value. Reports had circulated on July 17 that Otudeko had

August 25, 2025

Business·Top Stories

Femi Otedola, First HoldCo Shareholders Lose N60.72bn After Otudeko Exits Lender

Femi Otedola, the chairman of First HoldCo, the parent company of First Bank, and the shareholders of the group, lost over N60.72 billion on Friday, July 18, a day after reports emerged that Oba Otudeko, a major investor, has exited the company.

July 18, 2025

Business·Top Stories

Oba Otudeko Exits First HoldCo, Sells Off Shares

The former chairman of First Bank, Oba Otudeko, has exited First HoldCo, as he partook in 17 deals to trade 10.43 billion shares, worth N323.45 billion, on Wednesday, July 16. According to reports, the shares were sold to First Securities Ltd, through

July 17, 2025

Business·Top Stories

Oba Otudeko’s Investment In First Bank Parent Company Drops By N6.82bn

The value of investment held by Oba Otudeko in First HoldCo, the parent company of First Bank, has dropped by N6.82 billion within the first half (H1) of 2025, according to Prime Business Africa’s analysis. Otudeko, who was First HoldCo’s chairman before

July 4, 2025

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

Business·Top Stories

First HoldCo’s Shareholders Lose N67bn After Report Of Oba Otudeko’s Impending Exit

First HoldCo’s shareholders lost over N67 billion on Friday, June 13, amid reports that two majority investors in the company, Oba Otudeko and the Leadway Assurance/Olukayode Odukale bloc, plan to sell off their stakes in the company. According to a report on

June 13, 2025

Business·Insights

Oba Otudeko’s Hostile Takeover: Understanding Problems Facing FBN Holdings

What began as a blessing in disguise for FBN Holdings’ shareholders and the company might end up becoming a nightmare that would cost stakeholders billions of naira, Prime Business Africa has learnt. In the first week of July, when reports began to

July 14, 2023

Investors To Buy N150 billion-worth Of FBN Holdings Stake

Business

Otudeko Criticises Ecobank, Counters Claims In Letter To FBN Holdings

The Chairman of Honeywell Group, Oba Otudeko, has denied Ecobank’s disclosure that the Supreme Court granted the N13.5 billion debt claim against the investor. Ecobank had made this known in a letter sent to First Bank Nigeria (FBN) Holdings, requesting that the

July 12, 2023

Business

FBN Takeover: Opposition Thickens Against Otudeko

The bid for return by the former FBN Holdings chairman, Oba Otudeko, has met a stiff opposing as stakeholders and other parties have stood against it. Oba Otudeko, chairman of Nigerian conglomerate, Honeywell Group, recently acquired 4.8 billion shares of FBN Holdings

July 11, 2023

Business

Ecobank Warns FBN Holdings Not To Help Oba Otudeko Divert Funds

First Bank of Nigeria (FBN) Holdings has been told to reject Oba Otudeko’s bid to become the company’s largest shareholder, to avoid helping him divert funds, after he bought 4.77 billion shares. Otudeko informed FBN Holdings, the parent company of deposit money

July 11, 2023

Business·Insights

5 Billionaire Investors Otedola, Ovia, Otudeko, Makanjuola, Adefisan Sell Over N88.14 billion Shares In 2022

Nigerian billionaire investors have been busy in the Nigerian stock market this year, selling off their shares for various reasons in the last ten months. Prime Business Africa tracked the market activities of five major investors in Nigerian quoted companies, and gathered

October 10, 2022

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Oba Otudeko

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

Femi Otedola, First HoldCo Shareholders Lose N60.72bn After Otudeko Exits Lender

Oba Otudeko Exits First HoldCo, Sells Off Shares

Oba Otudeko’s Investment In First Bank Parent Company Drops By N6.82bn

First HoldCo’s Shareholders Lose N67bn After Report Of Oba Otudeko’s Impending Exit

Oba Otudeko’s Hostile Takeover: Understanding Problems Facing FBN Holdings

Otudeko Criticises Ecobank, Counters Claims In Letter To FBN Holdings

FBN Takeover: Opposition Thickens Against Otudeko

Ecobank Warns FBN Holdings Not To Help Oba Otudeko Divert Funds

5 Billionaire Investors Otedola, Ovia, Otudeko, Makanjuola, Adefisan Sell Over N88.14 billion Shares In 2022

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