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Owners of First Bank Nigeria, has denied knowledge of a takeover of the company by Otedola

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First Bank Holding says not aware of bank’s takeover by Femi Otedola.

Although the company did not deny the possibility of acquisition; it said the firm is yet to receive any notification of a significant holding by Mr. Otedola.

“As a listed company, the shares of FBN Holding Plc are publicly traded, and sale and acquisition of shares is expected in the normal course of business. We operate in a regulated environment, which requires notification of significant shareholding by Shareholders to the company, where shares are held in different vehicles, further to which the company will notify the regulators and the public as appropriate,” a notice by the firm to the NGX exchange on Friday said.

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