Billionaire Femi Otedola has acquired an additional 138 million shares of First HoldCo for approximately $13 million.
The purchase further consolidates Otedola’s position in the financial institution, increasing his total holding to 12.09 billion shares. This expanded stake is currently valued at $1.14 billion.
According to a report by Billionaires Africa, the latest acquisition indicates a continued commitment by the investor to grow his ownership within the holding company.
The transaction brings the total value of Otedola’s investment in First HoldCo to over $1 billion, cementing his status as one of the most influential shareholders in the Nigerian banking sector.
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