Hassan-Odukale, not Otedola, is largest shareholder in First Bank

The First Bank of Nigeria (FBN) Holdings Plc, has confirmed Mr. Tunde Hassan-Odukale as the single lagest shareholder in the company.

Hassan-Odukale is the current Chairman of First Bank of Nigeria Limited, a member of the FBN Holdings Plc.

A statement issued by the Company Secretary, FBN Holdings, Seye Kosoko, on Wednesday, confirmed Hassan-Odukale and Femi Otedola as the only shareholders with more than five per cent shareholding in the company.

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The statement said with 5.36 percent equity holding, Hassan-Odukale is its largest single-holder followed by Femi Otedola with a 5.07 percent stake in the Group.

Both Odukale and Otedola are disclosed as the only two substantial shareholders, who have more than 5% equity interest in First Bank Holdings Plc, according to a filing made available to the Nigerian Exchange (NGX).

In a letter addressed to the Director-General (Chief Executive Officer) of the Nigerian Exchange Limited, FBN Holdings notified the Bourse that Hassan-Odukale holds a cumulative of 5.36 percent of the Group, while Otedola holds a total of 5.07 percent, of the Group’s issued share capital.