Femi Otedola raises stake in First HoldCo to 20% after private placement  - Businessday NG

Femi Otedola Lifts First HoldCo Stake to 20.42% in Bank Push

Femi Otedola raised his stake in First HoldCo, First Bank of Nigeria's parent, to 20.42% through a $32.8M private placement of 680 million shares. The acquisition tightens his control over the country's oldest lender amid central bank capital pressure—a consolidation play reshaping the sector.