FCMB Founder Increased Shares in FCMB Group

Chief Balogun Michael Olasubomi, the founder of FCMB Group plc, has once again increased his stake in the leading financial institution, according to the latest disclosure from the bank.

Chief Olasubomi, described as a related party, purchased 413,014 shares of FCMB Group on Tuesday at N2.9968 per share in Lagos. Bringing the value of the purchase to N1.238 million.

Also, read Insider Dealing: Balogun Olasubomi, Founder of FCMB Group, Adds 5.12 Million FCMB Shares to His Stake

Before the Christmas holiday, the founder spent N15.331 million on 5.123 million shares. Therefore, Otunba Subomi has now spent N16.569 million on FCMB Group shares in the month of December alone. See the details of the deal below.