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Femi Otedola confirmed majority shareholder of FBN Holdings with 7.57%

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Otedola exits Geregu Power in N1.088trn deal, shifts focus to banking sector

Femi Otedola, an investor and philanthropist, had officially been confirmed as majority shareholder of FBN Holdings.

The bank’s 2022 first-quarter result released recently the week confirmed his ownership of 2,717,282,140 shares or 7.57% of the bank’s total shares of 35,895,292,791.

The shares makes the chairman of Geregu Power Plant, the single largest shareholder.

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