Otedola acquires additional N222bn FirstHoldco shares, now controls 26%

By Peter Egwuatu Femi Otedola, Chairman of First HoldCo, parent company of First Bank, has bought additional 1.779 billion shares of the company worth N222.209 billion. According to a statement signed by the company’s secretary, Abiola Baruwa, made available to the Nigerian Exchange Limited, NGX, yesterday, the shares

The new share purchase represents 3.91 per cent of the company's outstanding shares.

Femi Otedola acquires N222bn additional First HoldCo shares, increasing his ownership to 25.88%. Learn how Otedola’s investment impacts the bank.