Na wah o! Otedola don yarn wetin we no fit ignore. Chairman of First HoldCo, Femi Otedola, don come out talk say dem take serious hit of ₦748 billion to clean house for dem books. E be like say dem waka enter wahala with bad loans wey dey spoil dem shine.
This matter wey e drop for him X account na serious long term strategy. Otedola come explain say because of dem gbagbajumo loans, profit don drop by 92 percent. But no be wahala like that, as e say, na wetin go help dem fix wetin don spoil.
“At First HoldCo we decided to clean house properly. We took a huge one-time hit of ₦748bn to admit old bad loans instead of pretending they do not exist,
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