Femi Otedola increases his investment in First HoldCo Plc through a fresh share purchase worth N20.7 billion, raising his disclosed stake to 27.49%. The transactions add to his existing holdings, with one report valuing his total First HoldCo shareholding at about N1.65 trillion based on the company’s share price.
The reports frame the move as part of a broader pattern of acquisitions by Otedola. One outlet focuses on the resulting ownership percentage and the implied value of his cumulative holdings, while another highlights the size of the latest purchase and places it in the context of Otedola’s total disclosed acquisitions, which it says are now above N400 billion. Both accounts describe the same purchase amount and the stake increase, but differ in emphasis between share-price valuation and overall acquisition totals.
