Femi Otedola Boosts Stake in First HoldCo to 18.12% in Latest Financial Move

Nigerian business magnate Femi Otedola has raised his ownership stake in First HoldCo PLC to 18.12% according to the company's latest financial disclosure. Otedola's combined direct and indirect shareholdings now stand at 8.02 billion shares.

The financial statement, signed by the group managing director Adebowale Oyedeji and acting chief financial officer Wasiu Shafe, reveals that Otedola directly owns 3.25 billion shares, representing a 7.31% stake in the company. Additionally, he holds an indirect interest in 4.8 billion shares, accounting for a further 10.81% stake, bringing his total ownership to 18.12%.

Meanwhile, RC Invest Management Limited has emerged as the single largest shareholder with 10.43 billion shares, equivalent to a 23.47% stake. The company's total issued share capital has increased to 44.45 billion shares as of December 31, 2025.

Otedola's move to acquire additional shares worth N14.8 billion further solidifies his position within the company.