Onyeagwu invested over N112 million in Zenith Bank to acquire more stake in the lender. The total number of shares purchased by the banker on Friday, March 19, 2021, was put at five million, at a different price range.

   His first acquisition was two million units of shares at N22.25kobo per share, then Onyeagwu added more stakes by purchasing one million units at N22.30kobo per share.

Naira falls against dollar in official, parallel markets, reserve rises

He made his third purchase by acquiring 1.5 million units at N22.60kobo per share, and final acquisition of 500,000 units at N22.65kobo per share. This brought the total of shares purchased to

five million at an average price of N22.41kobo per share.

Zenith Bank CEO, Ebenezer Onyeagwu, Acquires More Shares Worth N112 million in Lender. (Photo: Ebenezer Onyeagwu/Zenithbank.com and Zenith Bank logo/@Ze

  The new share acquisition by the Zenith Bank boss increased his holdings in the lender. As of December 31, 2020, checks by Ripples Nigeria showed that Onyeagwu has a direct shareholding of 46.5 million.

This makes him the third highest shareholder among the directors behind Jim Ovia, Zenith Bank's chairman, and Deputy Managing Director, Adaora Umeoj, both of whom account for 3.54 billion shares and 68,87 million shares respectively.

Ovia also has 1.53 billion indirect shares in Zenith Bank, and serves as the majority shareholder of the lender.

 

  Meanwhile, Legit.ng had earlier reported that former Skye Bank chairman, Tunde Ayeni, reported his business partner, Hosa Okunbo, to the police and anti-graft agency, EFCC, accusing him of deceiving him to take over his company.

Ayeni also stated that Okunbo mismanaged the funds of the company and also diverted the company's money.

Miles Taylor, the author of the bombshell opinion column published in the New York Times two years ago, will remain as a CNN contributor despite lying to one of the network's hosts about being the op-ed's creator.

Taylor, the former Department of Homeland Security chief of staff, told CNN's Anderson Cooper: "I wear a mask for two things ... Halloweens and pandemics."

Taylor was criticized for choosing to remain anonymous until six days before Election Day.

Visit Business Insider's homepage for more stories