Otedola raises First HoldCo stake to 27.49% with fresh N20.7 billion share purchase

Femi Otedola has increased his equity stake in FBN Holdings (First HoldCo) to 27.49 percent following a recent share acquisition valued at N20.7 billion. This purchase further solidifies his position as a major shareholder within the financial institution.

Based on the company's current share price of N136.90, the total market value of Mr. Otedola’s holdings in First HoldCo is approximately N1.65 trillion. The transaction reflects an ongoing investment strategy by the businessman regarding his interest in the banking group.