Femi Otedola has increased his stake in First HoldCo Plc to 25.87% following the acquisition of an additional 1.779 billion shares for N222.2 billion. This latest purchase, executed at N124.90 per share, brings his total holding to 11.76 billion shares, valued at approximately N1.47 trillion. This transaction marks his second major accumulation in just over a week, totaling nearly N300 billion in new investment. Otedola remains the company’s largest shareholder, now nearing the 30% threshold that would trigger a mandatory takeover offer under regulatory rules. The aggressive accumulation follows a period of record-breaking financial performance for the bank, which recently surpassed a N5 trillion market capitalization milestone.