Ecobank has urged First Bank Holdings to reject the acquisition of 4.7 billion shares by a former Chairman of the bank, Dr Oba Otudeko. The bank raised the alarm in a letter written by its Legal Counsel, Kunle Ogunba & Associates, in which it stated that the business magnate, through his affiliated entities, owed the bank N13.5bn. The letter, dated July 7 and signed by the Principal Partner of the law firm, Oludare Amusan, said the bank had instituted several lawsuits against Honey Group Limited, Siloam Global Services Limited, Anchorage…
Read MoreReject Otudeko’s Share Acquisition, Ecobank Tells First Bank
