The Economic and Financial Crimes Commission (EFCC) has withdrawn its 13-count charge against Chief Oba Otudeko, CFR, Chairman of the Honeywell Group, and three other defendants,...
– Board change, corporate restructuring loom A major uncertainty still clouds the acquisition of a controlling ownership stake in Nigeria’s premier bank, First Bank of Nigeria,...
Billionaire investor and business magnate, Femi Otedola, has taken control of First Bank of Nigeria Holdings Plc (FirstHoldco) in a landmark N324.47 billion share deal that...
Former chairman of FirstBank of Nigeria (FBN), and Chairman of Honeywell Group, Oba Otudeko, has left Nigeria, ahead of his planned arraignment for alleged fraud on...
– To scale recapitalization hurdle with ease Despite facing stiff competitions from fellow traditional and new generation banks, Nigeria’s oldest financial institution, FirstBank of Nigeria...
By AYOOLA OLAOLUWA An ownership and legal drama of epic proportion is currently unfolding in the high-stakes arena of Nigeria’s corporate banking, as business titans fight...
Ecobank has asked First Bank Holdings to reject the acquisition of 4.7 billion shares by Dr. Oba Otudeko, a former Chairman of the bank. The bank...
Oba Otudeko, the chairman of Nigerian conglomerate Honeywell Group, has purchased 4.7 billion shares of First Bank of Nigeria Holdings. Otudeko, former chairman of the oldest...
A Federal High Court in Lagos, Monday, granted Ecobank leave to join Dr. Oba Otudeko, Flour Mills of Nigeria Plc. and Honeywell Group Limited as additional...