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Nairaland Forum / Nairaland / General / Business / Ecobank Asks FBN To Reject Otudeko’s Share Acquisition (13981 Views)
Ecobank Writes Firstbank Over Otudeko / Otudeko Buys ₦87.8bn Shares To Become Largest First Bank Shareholder With 14% / Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis (2) (3) (4)
Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by saintbillion(m): 6:54am On Jul 11, 2023 |
Ecobank has urged First Bank Holdings to reject the acquisition of 4.7 billion shares by a former Chairman of the bank, Dr Oba Otudeko.https://punchng.com/ecobank-asks-fbn-to-reject-otudekos-share-acquisition/?amp 2 Likes
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Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by TemplarLandry: 6:56am On Jul 11, 2023 |
Let the man breef. 1 Like 1 Share |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by Hoilgbegiri: 6:58am On Jul 11, 2023 |
Before reading the news I know the person who said this was from the cone head republic 3 Likes 1 Share |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by ebexofficial: 7:01am On Jul 11, 2023 |
He needs to invest so he pay pay up the loans. Who knows if he is buying the shares with loan money from another lender. Most top businessmen are ruthless 9 Likes 2 Shares |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by Ikaeniyan0: 7:05am On Jul 11, 2023 |
Did ecobank give him #13 billion without asking for any collateral? The way some of our banks is been run eh I cannot believe a bank like ecobank is been run this way 37 Likes 1 Share |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by ratiani6: 7:07am On Jul 11, 2023 |
Okay
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Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by Nobody: 7:38am On Jul 11, 2023 |
He probably wants to use Hakim's principle... Still watching as the drama unfolds ... 1 Like |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by babaRUNtinz(m): 8:16am On Jul 11, 2023 |
Ecobank still dey? |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by Yankiss(m): 8:17am On Jul 11, 2023 |
Well, since matter is subjudice, been granted by the Supreme court, the letter is not necessary. They should just drag him to court and court would enforce the judgment. Buying the shares increases his creditworthiness and ability to offset loans he guaranteed. My opinion. 9 Likes 6 Shares |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by AntiChristian: 8:17am On Jul 11, 2023 |
Debt no good o! May Allah help all debtors pay back their debts! 1 Like |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by RealLordZeus(m): 8:20am On Jul 11, 2023 |
This banks ehn..if a young, agile and full of ideas graduate approach them for a biz loan, the requirements will be like river nile 30 Likes 1 Share |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by casualobserver: 8:20am On Jul 11, 2023 |
Nonsense! 1 Like |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by bassdow: 8:21am On Jul 11, 2023 |
ty |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by OloYeOfEgbE: 8:21am On Jul 11, 2023 |
Igbos take over |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by bassdow: 8:21am On Jul 11, 2023 |
bassdow: |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by bassdow: 8:21am On Jul 11, 2023 |
[quote author=bassdow post=124347372][/quote] |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by teeytimi: 8:22am On Jul 11, 2023 |
Was there no guarantee before the loan was granted, I mean collateral. This country hen, if its poor man that want Ordinary 500k loan now all this banks will be demanding even ancestral home documents. 21 Likes 1 Share |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by bassdow: 8:22am On Jul 11, 2023 |
ebexofficial:You mean Robbing Peter to Pay Paul 4 Likes |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by bassdow: 8:23am On Jul 11, 2023 |
bassdow: |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by Yampotatocarrot(m): 8:24am On Jul 11, 2023 |
But what was the collateral for him to have collected such loan? Ecobank should ri e nshi... Shebi if na local man now, they'll make it almost impossible for the person to collect loan, even with collateral, but them carry billions give person without collateral That should teach Ecobank and other banks that give loans like that a lesson 5 Likes |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by RECTEM: 8:25am On Jul 11, 2023 |
5 |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by sonnie10: 8:25am On Jul 11, 2023 |
Why is it that billionaires from SE are usually self made 1 Like |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by theophorus(m): 8:26am On Jul 11, 2023 |
When you don reach some levels for this Life ehn, nothing do you again ooo. Only mentions of your name go make people clear road for you. Imagine Baba collect loan no pay but still buy another Bank without paying gbese wen he owe. 8 Likes |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by bassdow: 8:27am On Jul 11, 2023 |
See how EASY it is for the RICH to Owe and default. Had it been Poor man now, dem go don take over the Collaterals. Are you trying to tell us these SUPER Wealthy People don't bring Collaterals while seeking for LOANs ? 4 Likes |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by iHart(m): 8:28am On Jul 11, 2023 |
Big businesses are in debt oh |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by bassdow: 8:29am On Jul 11, 2023 |
iHart:Wealthy People rarely use their persoanl funds for business. Rather they prefer using OtherPeopleMoney (OPM) . What some call leverage 7 Likes |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by mfm04622: 8:29am On Jul 11, 2023 |
Ikaeniyan0: He was also a major shareholder of Ecobank and used his influence to get those loans. Same thing he did in First Bank. Renowned loan defaulter like Otudeko should not be allowed on board of banks! CBN need to ban him like they banned former owner of UBA from being a shareholder of banks. 10 Likes 1 Share |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by Jackiedemie(m): 8:30am On Jul 11, 2023 |
Eco Bank is behaving like Elon musk of Twitter on threads matter |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by Makamatic: 8:32am On Jul 11, 2023 |
Hoilgbegiri: Fool . Tribalism done eat your brain finish . This man ruined fbn . From been the highest dividend paying bank to the lowest amongst them while his salary increase by more than 250% 6 Likes |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by Makamatic: 8:34am On Jul 11, 2023 |
mfm04622: God bless u . You're very knowledgeable |
Re: Ecobank Asks FBN To Reject Otudeko’s Share Acquisition by ppogba: 8:37am On Jul 11, 2023 |
sonnie10: The same reason why IFEANYI UBAH is running away from banks he is owing. 3 Likes |
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