Home Business CBN reacts to FBNHoldings shareholding tussle
BusinessNews

CBN reacts to FBNHoldings shareholding tussle

Share
CBN logo
Share

By Chioma Obinagwam

Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) has said that it is working with the Nigeria’s Securities and Exchange Commission (SEC) to the person with highest shares in FBNHoldings Plc.

Confiance News gathered from the post-MPC press briefing organised by the apex bank on Tuesday.

“And of course, if our position is not in tandem with that of SEC, we will talk to SEC about it.”

Confiance News recalls that FBNHoldings have been in the news over who owns the highest shares between Taiwo Hassan-Odukale and Femi Otedola.

Mr Hassan-Odukale claims he has a 5.36 percent interest in the group whereas Mr Otedola openly declared his holding of 5.07 percent prior to Odukale’s counter-claims.

Reacting further, Emefiele expressed satisfaction at the recovery and patronage FBNHoldings shares now has as opposed to the erstwhile near stagnant state.

“I am happy to see that they are competing for the shares. Of course, we all know that First Bank is so large that no single person can own it. In running the banks, they should see themselves as representing others,” he stated.

Please follow and like us:
Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Start your career with NNPC Limited

Start your career with NNPC Limited
Start your career with NNPC Limited

Member

Don't Miss

How publisher of The Eagle Online became president of Media Cooperative Society

The publisher of The Eagle On-line, Dotun Oladipo, is the reigning president of Innovative Media Partners Cooperative Multipurpose Society...

‘How reliable are the public agencies involved?’ Netizen reacts to Union Bank’s Fire drill

Netizens raises concerns over the reliability of public agencies in real life fire outbreaks

Related Articles

How publisher of The Eagle Online became president of Media Cooperative Society

The publisher of The Eagle On-line, Dotun Oladipo, is the reigning president...

‘How reliable are the public agencies involved?’ Netizen reacts to Union Bank’s Fire drill

Netizens raises concerns over the reliability of public agencies in real life...

Reactions as Alex Iwobi releases new single

By Chioma Obinagwam British-Nigerian professional footballer, Alex Iwobi, has released a new...

Advertisements