The 4.7 billion units of FBN Holdings which was sold on the floor of the Exchange on Thursday 6th of July was sold to Barbican Capital Ltd.
Barbican Capital Limited was incorporated on the 9th of March 2023 with registration number RC 6900918. The person listed as significant control is Oyeleye Foluke and Otudeko Obafemi Adedamola.
CN confirmed this from various sources with knowledge of the matter. We also understand a press release is imminent on the website of the NGX Exchange confirming the trade.
Based on this it is likely that Oba Otudeko will declare at least 13% of the ownership of the bank.
As earlier reported, the shares were sold through “26 proxy shareholders” allegedly related to Oba Otudeko the former chairman of the bank.
We have also been reliably informed that some of the proxy shareholders include Bethlehem Properties Limited, Musa Haruna Foods, Yazidu Zakari Ventures Limited, Thornbull Securities Limited, and Moore House Limited. Others include Impressario Limited, Mahmoud Alheri Limited, Timothy Banfield Limited, and The WhitBread Limited.
FBN Holdings has since confirmed the transaction.
Nairametrics first reported that the former chairman of FBN Holdings, Oba Otudeko was reported to be behind the over four billion shares of FBNH that were transacted on the NGX on Thursday, July 6th, 2023.
A member of the All Progressives Congress (APC), Joe Igbokwe, has said Seyi Tinubu, son…
IPOB PRESS RELEASE 22/11/2024 SIMON EKPA IS NOT AN IPOB MEMBER AND MUST NOT BE…
NEWSPAPER HEADLINES FOR FRIDAY 22ND NOVEMBER 2024. *PUNCH* Gombe begins N28bn Assembly, high court complexes…
Former bread seller turned model, Olajumoke Orisaguna, popularly known as Olajumoke Onibread, has opened up…
Senate Majority Leader, Opeyemi Bamidele has denies reports that he was involved in a fight…
– says lawmakers united to meet yearnings of Lagosians – accuses detractors of peddling news…