The Cable
The Nigerian Exchange Limited (NGX) has queried FBN Holdings Plc, the holding company of First Bank of Nigeria, for classifying the shareholdings of Tunde Hassan-Odukale and his related parties into two parts of 4.16% and 1.20% respectively.
There has been a controversy since Femi Otedola acquired 5.07% stake in the bank, making him the single largest shareholder.
However, a document later surfaced on the internet attributing 5.36% to Hassan-Odukale in what was thought to be boardroom politics to prevent Otedola from becoming chairman.
In response to the query through regulatory filings on Wednesday by Seye Kosoko, the company secretary, FBN Holdings said Hassan-Odukale is its largest single-holder.
