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Yes, Femi Otedola Is The New Owner of First Bank Via Majority Shares


Femi Otedola has been reportedly technically confirmed as the new owner of FBN Holding Company – First Bank, as a result of his majority shareholdings.

It was gathered that Femi Otedola, has gradually been acquiring the shares of FBN Holdings, the owner of First Bank, over time, through a company named Calvados Global Services Ltd.

Femi Otedola, the business mogul now owns over 5% of the shares in First Bank – FBN Holdings and is currently the largest significant shareholder of the bank.

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