Several resources has confirmed that the Nigerian business mogul and Multi Billionaire Femi Otedola has taken over the oldest bank in Nigeria, First Bank with his acquisition of about N30 billion worth of shares.
Multiple sources have also announced that the majority of the bank owners has compromised with the billionaire and are ready to hand over via the following months of slow and meticulous purchase of the company shares on the floor of the Nigerian Stock Exchange by Otedola.
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This spanked after the ownership sector of the First Bank Nigeria collapsed which boosted the Nigerian Bussiness mogul confidence to take over the Bank.
Announcement will be made in the coming days as Nigerian professes their feeling via the saga.
