{"id":87699,"date":"2023-05-09T11:50:28","date_gmt":"2023-05-09T10:50:28","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp"},"modified":"2023-05-09T13:08:33","modified_gmt":"2023-05-09T12:08:33","slug":"otedola-speaks-on-relationship-with-tony-elumelu-transcorp","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp","title":{"rendered":"Otedola speaks on relationship with Tony Elumelu, Transcorp"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Femi Otedola, a famous Nigerian businessman, said his interest in Transnational Corporation of Nigeria, Transcorp, was spurred on the ground to unlock the company\u2019s revenue potential.<\/p>\n

Otedola disclosed this in his latest statement amid the recent scramble for the ownership of Transcorp with Tony Elumelu, the Chairman of United Bank of Africa.<\/p>\n

He stated that his N250 billion bid to buy Transcorp was rejected.<\/p>\n

Recall that Otedola had recently divested his stake in Transcorp<\/p>\n

The development made Elumelu the majority stakeholder in the company, with HH Capital Limited, a special-purpose vehicle, increasing its shares to 25.58 per cent.<\/p>\n

\u201cI offered to buy Transcorp Plc for N250 billion, but unfortunately, my offer was rejected. I aimed to maximize the company\u2019s potential as a Nigerian conglomerate with a market cap of at least N2 trillion instead of the current N40 billion. Still, it seems some shareholders have a different vision\u201d, the statement partly reads.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Femi Otedola, a famous Nigerian businessman, said his interest in Transnational Corporation of Nigeria, Transcorp, was spurred on the ground to unlock the company\u2019s revenue potential. Otedola disclosed this in his latest statement amid the recent scramble for the ownership of Transcorp with Tony Elumelu, the Chairman of United Bank of Africa. […]<\/p>\n","protected":false},"author":84,"featured_media":87698,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,254,10393,2259,5317],"class_list":["post-87699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-otedola","tag-tony-elumelu","tag-transcorp"],"yoast_head":"\nOtedola speaks on relationship with Tony Elumelu, Transcorp - Nigeria<\/title>\n<meta name=\"description\" content=\"Femi Otedola, a famous Nigerian businessman, said his interest in Transnational Corporation of Nigeria, Transcorp, was s ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Otedola speaks on relationship with Tony Elumelu, Transcorp\" \/>\n<meta property=\"og:description\" content=\"Femi Otedola, a famous Nigerian businessman, said his interest in Transnational Corporation of Nigeria, Transcorp, was s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-09T10:50:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-09T12:08:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/05\/postQueueImg_1683616831.16.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Otedola speaks on relationship with Tony Elumelu, Transcorp\",\"datePublished\":\"2023-05-09T10:50:28+00:00\",\"dateModified\":\"2023-05-09T12:08:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp\"},\"wordCount\":173,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/05\/postQueueImg_1683616831.16.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"otedola\",\"Tony Elumelu\",\"Transcorp\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/otedola-speaks-on-relationship-with-tony-elumelu-transcorp\",\"name\":\"Otedola speaks on relationship with Tony Elumelu, Transcorp - 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