Forte Oil

Decoding The Relationship Between Femi Otedola And Tony Elumelu: A Tale Of Broken Bonds

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Tony Elumelu and Femi Otedola

In the world of Nigerian business and philanthropy, the names Femi Otedola and Tony Elumelu command great respect and admiration. These two prominent billionaires have been known for their entrepreneurial prowess and philanthropic contributions. However, recent revelations and accusations have rocked their once-strong relationship, leading to a dramatic breakdown. In this article, we will dive … Read more

FBN Speaks On Femi Otedola’s Acquisition

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FBN, Femi Otedola

FBN has spoken about the acquisition of a majority stake in the company by Femi Otedola.   EKOHOTBLOG reports that FBN Holdings Plc, the holding company for First Bank of Nigeria Limited, has said that it is not aware of the widely-reported share acquisition of the company by Femi Otedola.   This online news platform recalls that reports … Read more

Femi Otedola Acquires First Bank

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Femi Otedola

Femi Otedola has acquired First Bank.   EKOHOTBLOG reports that that Nigerian billionaire businessman, Femi Otedola, has acquired First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider largest share, after he bought about N30 billion worth of shares from the financial institution.   An exclusive report monitored on The Street Journal monitored by  EKOHOTBLOG disclosed that … Read more

Just In: Forte Oil Seeks Approval To Rebrand

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The board of Forte Oil Plc has called for a special meeting to be held in Lagos next month to approve the renaming of the company to Ardova Plc. Ekohotblog Recalls that in June 2019, former majority shareholder of the energy firm, Mr Femi Otedola, sold his 75 percent equity stake in the company to … Read more

Forte Oil Secretary Resigns

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Nigeria’s oil firm, Forte Oil, on Wednesday announced the resignation of its company secretary and general counsel, Akinleye Olagbende. The resignation details were contained in a notice made available to the Nigerian Stock Exchange, NSE. The company said the resignation took effect on July 1. “We confirm that the Exchange will be notified immediately a … Read more

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