SEC investigates Otudeko’s FBN share acquisition

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

the Securities and Exchange Council is currently investigating the acquisition of 4.7 billion shares of FBN Holdings by a former Chairman of the bank, Oba Otudeko, The PUNCH has confirmed.

the Securities and Exchange Council is currently investigating the acquisition of 4.7 billion shares of FBN Holdings by a former Chairman of the bank, Oba Otudeko,A source within the commission, who pleaded anonymity, confirmed to our correspondent that a probe of the contentious deal that which was published on the website of the Nigerian Exchange Limited of Friday, July 7 was currently being probed.

The source said, “I am aware the Commission is looking into the transaction. A report has been made already and forwarded to the management.” Meanwhile, some capital market experts have said the acquisition of about 4.7 billion shares of FBN Holdings by Otudeko, followed due capital market stipulations.

They reacted to the recent twist in the case that made Ecobank to write a petition to FBN Holdings, requesting for the rejecting of Otudeko’s acquisition of about 14 per cent of the group’s shares which would make him the major shareholder.said the best way the conflict between Eco Bank and Otudeko could be resolved would be through a mutually acceptable arbitration process.

The National Coordinator, Progressive Shareholders Association of Nigeria, Boniface Okezie, while reacting to the turn of events said there was nothing from a legal point of view stopping Otudeko from investing in any company he wished to.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 8. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Ecobank asks FBN Holdings to reject Otudeko's share acquisition over 'N13bn debt' | TheCableEcobank Nigeria Limited has asked First Bank Nigeria (FBN) Holdings to reject the shares acquisition by Oba Otudeko, its former chairman, over an alleged N13.5 billion debt. The development is
출처: thecableng - 🏆 2. / 80 더 많은 것을 읽으십시오 »

Ecobank asks FBN to reject Otudeko’s share acquisitionEcobank has urged First Bank Holdings to reject the acquisition of 4.7 billion shares by a former Chairman of the bank, Dr Oba Otudeko.
출처: MobilePunch - 🏆 8. / 63 더 많은 것을 읽으십시오 »

Honeywell Group Increases Investment In FBN Holdings To 14.8% StakeHoneywell Group has acquired 4.770 billion shares of FBN Holdings Plc on the floor of the Nigerian Exchange Limited.
출처: LeadershipNGA - 🏆 4. / 77 더 많은 것을 읽으십시오 »