Flush with Honeywell cash, Otudeko snaps up record First Bank shares

Oba Otudeko, the chairman of Nigerian conglomerate Honeywell Group, has been identified by multiple sources as the buyer of the 4.7 billion shares of First Bank of Nigeria Holdings that happened in a cross deal on Thursday. The shares which Otudeko bought for N87.8 billion at N19 per unit is the

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```