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Tony Elumelu - Page 5

Femi Otedola Reveals Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp investments, Stole Business Idea

Femi Otedola Alleges Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp Investments

Femi Otedola has accused Tony Elumelu of double-crossing him in deals involving United Bank for Africa (UBA) and Transnational Corporation (Transcorp). He disclosed that Elumelu betrayed him on multiple occasions. Otedola explained that he financially assisted Elumelu to acquire UBA in 2005.

May 9, 2023

Business·Power

FG Gives Transcorp Power Post-privatisation Discharge Certificate

Transcorp Power Limited, Nigeria’s leading power generation company was on Monday presented with a post-privatisation discharge certificate by the Federal Government of Nigeria

May 9, 2023

Transcorp's Top Investor, Emmanuel Nnorom, Joins Otedola To Selloff Shares After Elumelu Powerplay

Business

Transcorp’s Top Investor Records 321.6% Gain In Shares Sell-off

In a move that further consolidates Tony Elumelu’s shareholding, the fourth majority single shareholder in Transnational Corporation (TransCorp) Plc, Emmanuel Nnorom, has offloaded 98 per cent of his shares after Femi Otedola did same. Nnorom sold 11.40 million shares on April 27

May 4, 2023

Business

Tony Elumelu Allegedly Pays Femi Otedola Over N32 billion To End Transcorp Plc Power Tussle

Tony Elumelu has reportedly buyout Femi Otedola in Transnational Corporation (Transcorp) to put an end to the hostile takeover which started two weeks ago. Otedola allegedly sold the 2.6 billion shares he bought in Transcorp to Elumelu at the cost of about

April 28, 2023

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Business

Elumelu Reveals Condition For Transcorp Plc’s Power Subsidiary To List On Nigerian Stock Market

Transnational Corporation (Transcorp) Plc Chairman, Tony Elumelu, has disclosed that the company will conduct a public initial offering for its subsidiary, Transcorp Power, within the next five years. Elumelu said while rumours have projected that Transcorp Power could list anytime soon, he

April 27, 2023

Business

Tony Elumelu Displaces Femi Otedola With N23 billion Transcorp Share Acquisition

Femi Otedola’s share acquisition at Transnational Corporation (Transcorp) has triggered a leadership tussle, as Tony Elumelu acquires more shares to prevent losing his position in the diversified investment company. Elumelu acquired 9.69 billion shares (worth about N23 billion) of Transcorp Plc a

April 27, 2023

Business

Ex-staff Wins Case Against UBA, Judge Orders UBA To Pay Her N1 million

The United Bank for Africa (UBA) has been ordered by Justice Ayokunle Faji of the Lagos Federal High Court to pay its former employee, Olufunke Bella, N1 million for illegally and unlawfully closing her account. Justice Faji said UBA breached the fundamental

April 21, 2023

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Business

Otedola Finally Confirms Acquiring N5 billion Shares In Transcorp Plc

Transnational Corporation (Transcorp) Plc, on Thursday, 20 April, revealed that Femi Otedola acquired a majority stake in the diversified investment company. Transcorp said Otedola, who is also the majority investor in Geregu Power, acquired 2.24 billion shares, which gives him a 5.52

April 20, 2023

Business

Femi Otedola Spends N3.14 billion To Acquire Shares In Elumelu’s TransCorp

Nigerian billionaire (in Naira), Femi Otedola, has reportedly acquired 5.52 per cent ownership of diversified investment firm, Transnational Corporation (TransCorp). The acquisition cost Otedola N3.14 billion (based on the share price of Tuesday, April 11, 2023) and made him one of the

April 14, 2023

Business

Tony Elumelu Foundation Empowered Us To Become Employers – Beneficiaries Praises Businessman

The beneficiaries of the Tony Elumelu Foundation (TEF) from different parts of Africa had a lot say to about the Nigerian businessman who clocked 60 years on Wednesday, 22 March 2023. Elumelu was showered with encomium by beneficiaries of TEF from Benin,

March 22, 2023

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Tony Elumelu - Page 5

Femi Otedola Alleges Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp Investments

FG Gives Transcorp Power Post-privatisation Discharge Certificate

Transcorp’s Top Investor Records 321.6% Gain In Shares Sell-off

Tony Elumelu Allegedly Pays Femi Otedola Over N32 billion To End Transcorp Plc Power Tussle

Elumelu Reveals Condition For Transcorp Plc’s Power Subsidiary To List On Nigerian Stock Market

Tony Elumelu Displaces Femi Otedola With N23 billion Transcorp Share Acquisition

Ex-staff Wins Case Against UBA, Judge Orders UBA To Pay Her N1 million

Otedola Finally Confirms Acquiring N5 billion Shares In Transcorp Plc

Femi Otedola Spends N3.14 billion To Acquire Shares In Elumelu’s TransCorp

Tony Elumelu Foundation Empowered Us To Become Employers – Beneficiaries Praises Businessman

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Tony Elumelu - Page 5

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