Femi Otedola, chairman of First HoldCo Plc, has hinted at increasing his 26 percent holding in First HoldCo to 51 percent as the lender’s transformation gathers pace.
Otedola spoke in an exclusive interview with Nairametrics published on Monday.
The interview comes as First HoldCo recently became Nigeria’s most valuable listed banking group after its shares more than doubled this year.
The milestone followed a series of share acquisitions, as Otedola sought to tighten his grip as the company’s largest shareholder.
In the interview, the mogul said he has invested more than N600 billion of his personal wealth in First HoldCo, describing the move as a “long-term generational commitment” rather than another turnaround investment he would eventually exit.
Responding to speculation that he intends to consolidate his position in the group, Otedola hinted that his investment journey is far from over.
“My investment
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