Otedola expands stake in FirstHoldCo with additional N14.8bn share purchase
Nigerian billionaire investor, Femi Otedola, has increased his stake in FirstHoldCo Plc following an additional share purchase valued at ₦14.8 billion. The move further strengthens his position as one of the most influential shareholders in the financial holding company, which oversees First Bank of Nigeria and other subsidiaries. Market filings show that the latest transaction […]
Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan
Billionaire businessman Femi Otedola has revealed that over N2 trillion was stolen through fake petrol subsidy claims during former President Goodluck Jonathan’s government. According to him, depot licences were the main tool used for this massive corruption. Otedola, in his statement, also supported the Dangote Petroleum Refinery in its ongoing clash with the Depot and Petroleum Products Marketers Association of […]