Femi Otedola increase stake in First HoldCo by N2.01bn

By Peter Egwuatu

Femi Otedola, a important shareholder and president of First HoldCo Plc, has accrued its involvement successful the institution with the acquisition of further 64,878,668 cardinal shares valued astatine N2,011,238,708.

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FBN Holdings disclosed the acquisition successful 2 abstracted documents arsenic required by the station listing request of the Nigerian Exchange Limited, NGX.

According to the documents, signed by Adewale L. O. Arogundade, the Company Secretary, Otedola purchased 39,313,379 shares astatine N31 per share, valued astatine N1,218,714,749 connected September 23, 2025.

On the aforesaid day, Otedola acquired an further 25,565,289 shares, valued astatine N792,523,959 done Calvados Global Services Limited.

Consequently, Otedola’s nonstop shareholding has accrued to 3,251,346,245 units, representing 7.76%. His indirect holdings present basal astatine 3,491,125,586 units, representing 8.34%.

Otedola present holds a 16.1 percent involvement successful First HoldCo, compared to the 13.15 percent recorded successful September 2024.

Otedola’s caller involvement holdings comes astir 3 months aft Oba Otudeko, the laminitis of Barbican Capital Limited and president of Honeywell Group, and Tunde Hassan-Odukale, radical managing manager of Leadway Assurance, sold implicit 10 cardinal shares held successful First HoldCo.

Vanguard News

The station Femi Otedola summation involvement successful First HoldCo by N2.01bn appeared archetypal connected Vanguard News.