Femi Otedola, the Chairman of Geregu Power Plc, has reportedly sold 2.8 million units of his shares in the company, representing his majority stake.

According to reports, Femi Otedola, Chairman of Geregu Power Plc, has sold 2.8 million units of his shares in the company, representing his majority stake.

This has raised concerns among investors and analysts who are now questioning the implications of his decision on the future of the company. It is unclear why Otedola has divested his holdings in Geregu Power Plc and Transnational Corporation Plc, but some speculate that he may be looking to invest in other opportunities.

The impact of Otedola's decision on the company's stock price and the Nigerian business community as a whole remains to be seen. As a respected businessman, Otedola's moves are closely monitored by market participants, and any changes in his holdings are likely to significantly impact the Nigerian business landscape.

source; buisnessinsider
link;https://africa.businessinsider.com/local/markets/billionaire-femi-otedola-offloads-28-million-geregu-power-shares-in-major-sale/yzqsmym