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Olurotimi Otedola, the founder of the Afrinero music band and the brother of Nigerian billionaire Femi Otedola, has sold shares in Geregu Power Plc worth N4.6 billion, according to a filing with the Nigerian Stock Exchange.
According to the filing signed by the company secretary, Akinleye Olagbende, Olurotimi, a major shareholder in Geregu, sold 4 million shares at a price of N1,150 per share on February 6, 2025.
This sale marks a significant move in his investment portfolio, amounting to a total of N4.6 billion.
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