By Charles Adingupu
The frenzied maneuvers to claim ownership of the Transcorp Group got even more blatant when Dr Awele Elumelu, the wife of Tony Elumelu, bought N6 billion worth of shares in the conglomerate.
The investment made her the third-largest shareholder and gives the family an indisputable hold over the company.
The latest investment means that Dr. Awele who acquired 2,063,484,991 units of the total shares of Transnational Corporation Plc (Transcorp) has joined her husband as the top three shareholders in Transcorp
According to Transcorp, Elumelu’s wife now has 5.076% shareholding in the company after paying On May 12, 2023, N3.12 per share, worth a total N6.43 billion. This purchase occurred just days after her husband, Tony Elumelu, who serves as the Chairman of Transcorp, had acquired the largest number of shares in the company.
The move has triggered mixed concerns in the nation’s business environment from a cross section of Nigerians in the the social media platforms as monitored by The New Diplomat.
Excerpts:
Suleiman @laides:
Those whom he worked for to moved the looted resources of this country always pave way for him. They did it for him on UBA that belong to Hakeem Bello Osagie because he is Babangida and Abacha stooge that moved all their loots through laundering and racketeering.
Amosu Adebisi:
Some men should learn from this that you don’t pull your wife down but rather see to it that she grows as you grows.
Men, it is your responsibility to present your wives spotless before God!
Salami Azeez:
This is a big lesson for young entrepreneurs, empower your wife to be financially stable, you might need her help some day.
Denise Tafari,:
That’s Competition between the Rich and that is Africa mentality, may God help poor people, and how can we end poverty in Africa, instead of helping the poor, but we keep celebrated them
Chukwuma Samuel:
Africa billionaire adage,the property you have belong to your wife,the asset of your wife in your name belong to your wife….there is no new story but branded fashion…
Godwin @town:
That woman is a power house. Simple and Mighty.
Adetutu @abuja:
Further consolidating their majority share holding of Transcorp after almost getting taken over by Otedola. I believe it’s best to keep it within the family, Otedola would’ve made so much from the transaction and later sell it off!
Helen @waffi;
This is the importance of empowering your wife.
Amb Godfrey Teneilabe:
From the account Femi Otedola gave in the Punch Newspaper the other day, I am of the impression that Elumelu is sly and crafty backstabber in the boardroom, full of intriques.
This is different from the way I have previously
perceived him as a trustworthy, liberal humanist.
