I’m in semi-retirement, don’t want board position in FBN Holdings – Femi Otedola

By OMON OKHUEVBIE

Nigerian billionaire, Femi Otedola, has debunked the reports that he is interested
in holding a board position in FBN Holdings, and any of its remaining subsidiaries.

He further stated that being the single largest shareholder doesn’t mean he must necessarily hold a position in the bank, emphasizing that he never purchase shares in FBN Holdings with the intention of becoming the chairman.

Otedola disclosed this to Premium Times in an SMS exchange on Thursday, stating that he is semi-retirement which makes it nearly possible for him to hold such a position.

“I am simply an investor who saw an opportunity in the financial institution and decided to take advantage of it through the investment I have made.

“My interest, contrary to speculations is not to become chairman of the bank or its holdco. Moreover, I am in semi-retirement.

“Being the single largest shareholder doesn’t mean I must necessarily hold a position in the bank. I believe in allowing competent people run institutions in a professional manner and to the benefit of all the stakeholders,” the billionaire said.

Recall that Otedola has up to 7.5 percent shares in FBN Holdings, making him the iggest shareholder. (Daily Independent)