Femi Otedola has reclaimed his position as the largest shareholder of First Bank, now holding a 9.41% stake.
He has increased his ownership in the bank to 9.41% by purchasing N18.9 billion worth of the group’s shares on the NGX today.
Prior to this, Otedola held a 7.01% ownership in the bank, ranking second after Barbican Capital Limited belonging to Oba Otudeko, which holds an 8.67% stake.
