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.
