Otedola is known for building corporate juggernauts in the energy, shipping, real estate and finance sectors.
Otedola remains one of Nigeria’s wealthiest businessmen, who has conquered industries ranging from banking to oil and gas.
A bank run has started at First Bank of Nigeria after a recent scandal concerning its board of directors and the Central Bank.
The Central Bank has dissolved the defunct board of First Bank of Nigeria, expelling Honeywell Group founder Obafoluke Otudeko and Ibukun Awosika as chairpersons.
The Central Bank of Nigeria has dissolved the board of First Bank, citing insider abuse.
The Central Bank of Nigeria has queried First Bank over its abrupt removal of CEO Adesola Adeduntan.