Tag: Otedola

2023: Arewa youths ask Dangote, Otedola, others to join presidential race

Aminu Imam

…Shehu Sani reacts Northern youths, under the aegis of the Arewa Youth Assembly, have called on prominent private sector players to come to the nation’s rescue by joining the 2023 presidential race. The Arewa Youths stated this in a statement on Friday, titled: “Private Sector Players to Join the 2023 Presidential Race,” jointly signed by the group’s Speaker, Mohammed Danlami, and National Clerk, Desmond Minakaro. According to them, Nigeria needs the managerial acumen and leadership skills of citizens such as Aliko ?angote, Femi Otedola, Mrs. Ngozi Okonjo-Iweala, and many others,…

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FBN Holdings confirms Otedola’s acquisition of 5.07% equity stake

Aminu Imam

Barely 24 hours after denying notification of possible acquisition of shares by Femi Otedola, the management of FBN Holdings (FBNH) Plc on Saturday confirmed that the business mogul had acquired a 5.07 percent equity stake in the company. FBNH’s Company Secretary, Seye Kosoko, in another statement issued on Saturday, posted on the website of the Nigerian Exchange (NGX) Ltd. affirmed that Otedola and his nominee now own 5.07% equity stake in the company. “We refer to our communication to the market dated October 22, on the above subject wherein we…

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Court sentences former Reps. member, Farouk Lawan, to 7 years in prison over $3m bribe

Aminu Imam

A Federal Capital Territory (FCT) High Court sitting in Apo, Abuja, has sentenced a former member of the House of Representatives, Farouk Lawan, to seven years imprisonment over the $3 million bribery charges preferred against him by the Federal Government. Lawan was the former chairman of the House’s Ad-hoc Committee on fuel subsidy, which was probing the multi-billion naira fuel subsidy fraud in 2012. He was accused of demanding $3 million from Femi Otedola to remove Zenon Petroleum and Gas Limited (Otedola’s company) from the list of oil companies allegedly…

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