Otedola boosts First HoldCo control with N12.58bn stake

The Punch | 27-08-2026 01:15am |

Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has consolidated his controlling position in the financial services group through a fresh N12.58bn equity transaction. The insider transaction was disclosed in a regulatory filing to the Nigerian Exchange Limited, authorised by Group Company Secretary Abiola Baruwa. The move increases his stake in the company.

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