Barbican Capital Limited was founded in March 2023 and it’s owned and controlled by Oba Otudeko's children, whose names are Oyeleye Foluke and Otudeko Obafemi Adedamola.
Upon the authorization from the central bank on this transaction Barbican will become the largest single stakeholder in FBN Holdings. And this means that other stockholders' stakes have not grown beyond what was indicated in the 2022 audited financial statement.
Top shareholders in FBN Holdings are Femi Otedola who purchased 5.57% of the bank's shares as of March 2023, while Tunde Hassan-Odukale owned 4.42%. According to sources, both shareholders may have grown their position in the bank holding company.
However, the recent purchase of FBN Holdings shares by Mr. Oba Otudeko, the former bank chairman, has caused unrest amongst prominent shareholders of FBN Holdings, which is known to be Nigeria's oldest bank.
Due to Otudeko's emergence as the bank's top shareholder, a meeting was carried out on Sunday to arrange for a response on the transaction. This meeting talked about the importance of managing changing dynamics and defending their interests inside the bank.
Read more: https://www.investingport.com/the-i...fbnh-acquisition-by-barbican-capital-limited/