Billionaire investor Femi Otedola, the Group Chairman of First HoldCo Plc, has significantly deepened his investment in First HoldCo Plc.
Gatekeepers News reports that the business mogul increased his combined direct and indirect ownership in the financial holding company to 18.12 percent, according to the group’s unaudited financial results for the year ended December 31, 2025, released on Friday.
Gatekeepers News reports that the latest figures show Otedola now holds 8.02 billion shares in the company, making him one of its most influential stakeholders. His direct holding stands at about 3.25 billion shares, equivalent to roughly 7.31 percent of the company’s issued share capital, while his indirect investments account for another 4.8 billion shares or 10.81 percent.
This marks a notable climb from the 11.8 percent stake he had at the close of the 2024 financial year, as he continued to buy up shares through personal and affiliated investment vehicles.
The increase in Otedola’s equity interest follows a series of transactions in the latter part of 2025, including a ₦14.8 billion purchase of 369.9 million First HoldCo shares in mid‑December executed through Calvados Global Services Limited, an entity linked to him, according to regulatory filings.
The group’s expanded share capital, which rose to 44.45 billion units by the end of 2025 from 35.9 billion units a year earlier, reflects this sustained insider accumulation and broader capital movements within the company.
Despite the shift in ownership, RC Investment Management Limited remains the single largest shareholder, holding about 23.47 percent of the issued shares, equivalent to roughly 10.43 billion units.
