Nigerian billionaire investor, Femi Otedola, has disclosed that he offered to acquire Transcorp Plc for N250 billion and take the company’s market capitalisation to N2 trillion but his bid was rejected.
The businessman also alleged that in 2012, he told Mr Elumelu about his interest in Ughelli power plant and the Transcorp chair "quietly went ahead" to outbid him in the acquisition of the plant.