Otedola raises FirstHoldco stake to 26% with N222bn share purchase

By Peter Egwuatu Femi Otedola, Chairman of First HoldCo Plc, has increased his stake in the financial institution after acquiring additional 1.779 billion shares valued at N222.209 billion. The acquisition was disclosed in a statement signed by the company’s Secretary, Abiola Baruwa, and filed with the Nigerian Exchang

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.