Otedola acquires N29.6 billion shares in First HoldCo, taking his stake to 20.4%

Billionaire tycoon Femi Otedola has acquired 672.9 million new shares in financial services group First HoldCo Plc, taking his interest in the group to 20.4 per cent. Mr Otedola executed the share purchase through the N45 billion second tranche of the lender’s N350 billion private placement programme, Nairametrics reported on Thursday,...