Otedola Says He Aims for Over 51% of First HoldCo

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Otedola Says He Aims for Over 51% of First HoldCo

LAGOS — First HoldCo Chairman Femi Otedola says he has invested more than N600 billion of his own money in the group and aims to own more than 51 per cent. In an interview, he said he holds about 25.8 per cent and targets a dividend payout of about 60 per cent. First HoldCo's profit before tax rose 83.5 per cent to N653.4 billion in the first half.

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