Tag: Femi Otedola
Nduka floors FirstBank, Otedola as court overturns mareva order freezing GHL directors’ assets
The Federal High Court in Lagos has set aside ex parte Mareva orders initiated by FirstBank of Nigeria, that froze the assets of General Hydrocarbons [...]
Battle between Femi Otedola, Nduka Obaigbena heightens as Nigerian Navy detains crude oil cargo owned by GHL
The legal battle between Femi Otedola’s FirstBank and Nduka Obaigbena’s General Hydrocarbons Limited has intensified. In the latest developmen [...]
How FirstBank’s recklessness almost killed 93 souls on General Hydrocarbon’s rig – Nduka Obaigbena
General Hydrocarbons Limited (GHL), the company at the centre of a legal tussle with FirstBank of Nigeria Limited over an alleged $225 milli [...]
‘FBN Holdings crisis may lead to collapse, regulatory takeover,’ Shareholders warn
A shareholders’ group has sounded the alarm over the ongoing crisis at FBN Holdings Plc, warning that unresolved governance and strategic disputes cou [...]
Femi Otedola, others face arrest for contempt of court over GHL
More facts have emerged concerning the alleged failure of the First Bank of Nigeria (FBN) to fulfil its part of a deal to fund the exploration and dev [...]
No end in sight to crisis rocking FirstBank as shareholders demand removal of Femi Otedola as chairman FBN
It doesn't look like there is an end in sight to the crisis rocking FirstBank of Nigeria Plc and FirstBank of Nigeria Holdings Plc.
A group of shareh [...]
First Bank sacks almost 100 staff in another major shake up
Weeks after it sent Folake Ani-Mumuney, it's Global Head Marketing & Corporate Communications, First Bank Limited / FBN Holding, First Bank Nigeri [...]
Scandal rocks First Bank: Why Folake Ani-Mumuney was forced out of the system
Fresh details have emerged concerning why Folake Ani-Mumuney, the global head of marketing and corporate communications of First Bank left the over 10 [...]
Ex-lawmaker Farouk Lawan released from Kuje prison after serving 5 year jail term
Farouk Lawan, a former member of the house of representatives, has been released from prison after serving his five-year jail term over bribery.
[...]
Otedola increases stake in FBN Holdings with acquisition of more shares at N16bn
Billionaire businessman and investor, Femi Otedola has further increased his stake in FBN Holdings to 13.15 percent with the acquisition of additional [...]