‘Otedola, FG not involved’ — First HoldCo names buyer in N323bn shares deal

First HoldCo Plc says Femi Otedola, its chairman, and the federal government were not involved in the recent N323 billion block share acquisition deal.

First HoldCo, in a statement issued on Friday by Adewale Arogundade, the company secretary, said RC Investment Management Limited was the buyer of the shares.

On Thursday, TheCable reported that Oba Otudeko, chairman of Honeywell Group, and Tunde Hassan-Odukale, group managing director of Leadway Assurance, sold a combined total of over 10 billion shares in First HoldCo’s block deal.

By Busola Aro.
Full story at The Cable.