Femi Otedola, the billionaire businessman and Chairman of First HoldCo Plc, has significantly increased his stake in the financial services group by acquiring approximately 680 million additional shares. This acquisition occurred during the company’s recent private placement, raising his ownership interest to 20.42 percent. Official documents pertaining to the transaction confirm that Otedola was allotted the shares as part of the placement process, thereby enhancing his influence within the organization.
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