BILLIONAIRE WATCHOba Otudeko’s stakes in Firstbank and Honeywell are worth over N10 billion

The successful businessman who was ranked 46th in Forbes’ 2014 Africa’s Richest issue – with an estimated net worth valued at $550 million – is the single majority shareholder of FBN Holdings Plc and Honeywell Flour Mills Nigeria Plc, considering his direct and indirect stakes in the companies.

Otudeko holds a total indirect stake in excess of 532 million in Firstbank, coupled with a direct stake of about 6 million units, bringing his total stakes to about 538 million units of the issued ordinary shares of the bank.

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