Wednesday, Feb 2021

US-based Nigerian billionaire, Oluleye Adigun has revealed ongoing effort to invest N3 billion ($6.8million) in Fidelity Bank through shares acquisition.

According to the News Agency of Nigeria (NAN), Mr Adigun stated that the acquisition was part of his planned investment in the Nigerian economy, adding that the process of buying Fidelity bank was almost done, attributing the little delay to the COVID-19 pandemic.

“The Fidelity bank purchase is almost done. COVID-19 delayed the process a little due to everything closing down, but the process just picked up again. I was told I have to open a bank account and will need BVN. I am planning to come to Nigeria to do that as soon as possible,” the businessman was quoted as saying in an interview published on Friday.

The Osun State-born billionaire is the owner and chief operating officer of Golden Glades Treatment Center, as well as Adigun Investment Group, with stakes in nine companies operating in commercial real estate, several e-commerce companies. as well as wind and solar energy among others.

“Mr. Peter Aletor, Managing Director for Apel Asset Limited, and a friend, Mr Tosin Afolabi, have been very helpful on the acquisition of Fidelity Bank. Afolabi will be partner in my bank venture in Nigeria with small shares,” he said of his foray into the Nigerian economy.

Adigun expressed willingness to bring his airline company, healthcare, technology as well as solar and wind energy to Nigeria in the future.

He narrated how his previous efforts to purchase failing Polaris Bank in Nigeria was thwarted, on the grounds that he was not known in Nigeria and being an investor from Southern Nigeria.

Adigun is an alumna of Olivet Baptist High School in Oyo, Miami Dade college, Florida Atlantic University and Walden University.

He has served in several US organisations as a police officer, substance abuse counselor and clinical director before he opened his first business in 2017.

Meanwhile, Nneka Onyeali-Ikpe assumed office as the bank’s chief executive officer/managing director on January 1. She took over from Nnamdi Okonkwo.

 

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