By Our Reporter
First HoldCo has dismissed reports linking its Chairman, Femi Otedola, and the Federal Government to the recent ₦323 billion block share transaction.
In a statement issued on Friday by the company secretary, Adewale Arogundade, the firm clarified that RC Investment Management Limited was the sole buyer of the shares.
“We wish to state that the Chairman of First HoldCo, Mr. Femi Otedola, did not purchase any of the shares in question, nor did the Federal Government of Nigeria or any of its agencies acquire the shares in trust,” the statement read.
The shares were sold by Barbican Capital Limited and its affiliates, along with Leadway Group and its affiliates.
Recall that Fiscalposts had earlier reported that the chairman Firstbank Plc, Femi Otedola had acquired the N323 billion shares in FirstHoldCo. A move that positioned him as the company’s largest shareholder ,