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Otedola Ups First HoldCo Stake

Otedola Deepens First HoldCo Stake to 26.1% With Fresh N18.1 Billion Investment

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsNigeriaAug 8, 2026

Nigerian businessman Femi Otedola has invested an additional N18.1 billion in First HoldCo, raising his shareholding to 26.1 percent in a notable banking sector consolidation move. The transaction reflects continued concentrated ownership interest in one of Nigeria's largest financial institutions.

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