The Securities and Exchange Council is currently investigating the acquisition of 4.7 billion shares of FBN Holdings by a former Chairman of the bank, Oba Otudeko, The PUNCH has confirmed. A source within the commission, who pleaded anonymity, confirmed to our correspondent that a probe of the contentious deal that which was published on the website of the Nigerian Exchange Limited of Friday, July 7 was currently being probed. The source said, “I am aware the Commission is looking into the transaction. A report has been made already and forwarded…
Read MoreFirst Bank: SEC Investigates Otudeko’s FBN Share Acquisition
