Mrs Adedotun Ogunbiyi Sells Stake in Mutual Benefits

Mrs. Adedotun Ogunbiyi, the wife of a non-executive director of Mutual Benefits Assurance Plc, has sold another 6,110,000 million shares of Mutual Benefits Assurance Plc at 20 kobo each.

According to a statement signed by Jide Ibitayo, Company Secretary, Mutual Benefits Assurance Plc and published by the Nigerian Stock Exchange (NSE), Mrs. Ogunbiyi sold the shares on September 21, 2020 at the Nigerian Stock Exchange trading floor in Lagos but it was disclosed on the 5th of November.

This was in addition to the 26.182 million shares sold by Mrs. Ogunbiyi in September. As reported by Investors King in October, Adedotun Ogunbiyi “had sold 14,502,000 shares at 21 kobo on September 4 and 7, 2020. Ogunbiyi sells another 3.11 million shares at 20 kobo per unit in a transaction classified as a cross deal.”

The disclosure is in line with the Nigerian Stock Exchange’s new policy that all insider dealings must be disclosed to the public. See the details below.