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Otedola Defends ₦748bn Bad Loan Write-Off at First HoldCo
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admin / 1 week
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Billionaire businessman and Chairman of First HoldCo Plc, the parent company of First Bank of Nigeria, Mr. Femi Otedola, has defended the company’s decision to write off ₦748 billion in legacy bad loans, describing it as a deliberate clean-up rather than a sign of operational weakness. Mr. Otedola explained that the write-off was a one-time […]
