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

By Peter Egwuatu

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

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 stock , 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   through Calvados Global Services Limited.

Consequently, Otedola’s nonstop shareholding has accrued to 3,251,346,245 units, representing 7.76 % , portion 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   new 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.

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