Fear of AMCON takeover grips Otudeko’s Honeywell as First Bank shares fell by 6%

…CBN announcement may trigger an AMCON takeover of Honeywell Nigeria Plc if Oba Otudeko fails to repay his loans.

First Bank Nigeria Holdings (FBNH) closed with a loss of -6.6%, placing it at the third position in the NSE ASI for Thursday, reports Nairametrics.

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Oba Otudeko’s Radisson Blu Hotel becomes home to prostitutes – Report

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Oba Otudeko’s Radisson Blu Hotel becomes home to prostitutes – ReportJanuary 13, 2018

Radisson Blu, located in the heart of Victoria Island (VI), Lagos, owned by Oba Otudeko, the chairman of Honeywell Group, is fast losing its glory

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First Bank In Danger Over Oba Otudeko’s Allege N75Billion Non-performing Loan

Oba Otudeko

Oba Otudeko, a billionaire philanthropist and chairman of Honeywell Group, is reportedly indebted to First bank to the tune of about N75billion.

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The alleged loan which was collected about 7 years ago with his status as the chairman of the bank has remained un-service till date, an insider of the bank claimed. The non-performing loan is said to be presently putting the bank and its management in a tight corner as the economic hardship facing the country bites hard on all financial institutions.