Otedola acquires N18bn First HoldCo shares, deepens control

Femi Otedola has acquired an additional N18bn in First HoldCo shares, solidifying his control and increasing his stake to 27.16%.

[Premium Times] Mr Otedola now holds approximately 11.9 billion shares in the financial institution, valued at about ₦1.74 trillion based on the company's share price of ₦146.20 as of 12:35 p.m. (WAT) on 7 August.

Mr Otedola now holds approximately 11.9 billion shares in the financial institution, valued at about ₦1.74 trillion based on the company's share price of ₦146.20 as of 12:35 p.m. (WAT) on 7 August.