Nigerians Hail Elemelu, Otedola’s Titanic Battle Over Transcorp Ownership

Related stories

Tinubu Mourns, Pays Tribute to Legendary Super Eagles Goalkeeper Peter Rufai

By Abiola Olawale President Bola Ahmed Tinubu has expressed profound...

Natasha vs Akpabio: Court Orders Senate President To Recall Senator Natasha

Warns Natasha Against inappropriate Conduct By Abiola Olawale The Federal...

Hadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APC

By Abiola Olawale Former Minister of Aviation, Hadi Sirika, has...

China Snubs U.S. Crude for Third Month, Even as Ethane Trade Restarts

China has avoided buying U.S. crude oil for three...

Super Eagles Icon Peter Rufai Passes Away at 61

By Abiola Olawale The Nigerian football community has been thrown...

By Charles Adingupu

The raving financial war between consummate banker, Tony Elemelu and Oil magnate, Femi Otedola over who acquires the greatest stake of Transcorp Group has elicited reactions from Nigerians

The epic battle for the ownership of Transcorp took a new dimension as Heirs Holdings, owned by the Nigerian celebrity banker, Tony Elemelu publicly disclosed at the floor of the Stock Exchange that his company has acquired 25% stake in Transcorp.

On the other hand, Femi Otedola who had acquired 5% stake in Transcorp, belonging to his brother and friend just two weeks ago, made fresh move last week to increase his stake by acquiring another 1.5% share in Transcorp.

With this additional stake, Otedola’s total stake now stands at 6.5% in the Transcorp

Sensing danger ahead by Otedola’s mesmerising recent move, Elemelu made a chess move that peng his total stake in Transcorp at 38%.

Investigations by The New Diplomat in different social media platforms, showed that Nigerians were thrilled over the healthy rivalry between the two established billionaires’ moves to assume leadership control of the Transcorp Group. Excerpts:

Amb. Uchenna Jeffrey Ubah:

Chess game at its highest. It is getting increasingly interesting. Moves that are more familiar with Warren Buffett, Jack Welch, Bill Gates, and Peter Drucker and other Dollar billionaires. Following probability theory in the choice and timing of investment.

Timi Kendabie:

Wow ! I love this game ! It’s mind blowing. Can we have more interesting real life story from this country? I’m greatly inspired and I must say KUDOS to these two titans! Great moves and I can’t wait to see how it ends !

Ikenga Ezenwegbu:

Tony is far more experienced and exposed than his competitor in this kind of game. He also has a bank. His access to data and leverage gears are amazing. He will win if he has not won.

Emake Ogbeide:

An interesting business contest that ring side observation. Only Transcorp will triumph at the end.

Steve Osuji:

Without any prejudice to the fact of the matter, Elemelu has always been the face of Transcorp, growing and nurturing it over the years…. I hope this is not an orchestration of Transcorp Plc shares. Let’s trend softly o !

The New Diplomat
The New Diplomathttps://newdiplomatng.com/
At The New Diplomat, we stand for ethical journalism, press freedom, accountable Republic, and gender equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high-quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Tinubu Mourns, Pays Tribute to Legendary Super Eagles Goalkeeper Peter RufaiNatasha vs Akpabio: Court Orders Senate President To Recall Senator NatashaHadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APCChina Snubs U.S. Crude for Third Month, Even as Ethane Trade RestartsSuper Eagles Icon Peter Rufai Passes Away at 61Dakuku Peterside’s Beneath the Surface Book Out in OctoberOil Prices Dip on Confirmation of Inventory BuildBuhari In Stable Condition - Ex-Aide ConfirmsBREAKING: Ex-President Buhari sick, hospitalised abroad2027: Abure, Usman Clash Over Peter Obi’s Rising Profile in ADC CoalitionMTN’s Dabengwa Tier III Cloud Data Centre: A New Era for West African Tech and AIGanduje: Why are they resigning?OPEC Reports a Global Oil Production Decline in 2024IMF Warns FG to Overhaul 2025 Budget to Prevent Economic Meltdown2027: Peter Obi Vows, Says ADC Coalition 'll prioritize Nigerians’ Welfare
X whatsapp