Femi Otedola, Chairman of First HoldCo Plc, has increased his stake in the financial institution after acquiring additional 1.779 billion shares valued at N222.209 billion.
The acquisition was disclosed in a statement signed by the company’s Secretary, Abiola Baruwa, and filed with the Nigerian Exchange Limited (NGX) on Thursday.
According to the statement, the shares were purchased through Otedola’s investment vehicle, Calvados Global Services Limited, at N124.90 per share.
