“To him, he wants to play in that industry by providing energy to them. So I think his entry and experience of handing Geregu over the years and even declaring a dividend of N8 is going to be a positive impact,” she said.
Igbrude said, “There should not be a clash of interests. He should work together with Tony Elumelu, who has been managing the company before now so that the two of them can drive the business to higher levels.” The 2022 financial report of Transcorp revealed that as of December 31, 2022, only UBA Nominees Limited-Trading, held five per cent or more of the issued and fully paid shares of 50 Kobo of the company.293,983,193 shares are held indirectly through HH Capital Limited and 273,545,722 shares are held indirectly through Heirs Holdings Limited.