Deconstructing the Transaction of Otedola and Elumelu on Transcorp
In the late 1990s, a former Head of State, probably woke up from the wrong side of his bed and decided to purchase above five percent stake in a quoted oil company on The Nigerian Stock Exchange (now NGX). The then Management demanded for disclosure of identity of the proposed buyer in line with The Exchange's Rules . The buyer of such volume of shares must be disclosed to ascertain whether he is technically and financially fit and proper.

