Otedola Strengthens Stake in FirstHoldCo with N43.4 Billion Share Acquisition – THISDAYLIVE

Otedola Strengthens Stake in FirstHoldCo with N43.4 Billion Share Acquisition

• Julius Omodayo-Owotuga emerges First Bank Executive Director

Kayode Tokede

The Nigerian capital market witnessed a seismic shift as billionaire investor, Mr. Femi Otedola, increased his stake in First HoldCo Plc through a massive N43.4 billion investment.

A regulatory filing on Nigerian Exchange Limited (NGX) on May 13 revealed that Calvados Global Services Limited, an entity linked to the business mogul, acquired 549,535,653 ordinary shares of the financial institution at N79 per share in a single trading session.