Otedola is resting pretty. He could now demand seats on the board, or even his appointment as chairman.
Nigerian billionaires are putting their hard-earned money to work to control First Bank of Nigeria Holdings.
The multimillion-dollar gain in Otudeko's stake can be linked to price movements in the lender’s shares.
The Central Bank of Nigeria has queried First Bank over its abrupt removal of CEO Adesola Adeduntan.