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Otedola hails FG, CBN reforms as investment in First HoldCo hits N320b

Femi Otedola Reduces Equity Interest in FBNH

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Chairman of First Holdco Plc Femi Otedola has credited the Federal Government’s economic reforms and the Central Bank’s policies as key drivers behind his ₦320 billion personal investment in First Bank.

Otedola made the remarks on Thursday at the 13th Annual General Meeting (AGM) of First Holdco Plc.

“This journey aligns closely with the bold and visionary leadership of President Bola Ahmed Tinubu, who deserves credit for championing the tough but necessary reforms in our economy,” Otedola said.

He noted that the bank’s journey aligns with “the bold and visionary leadership” of President Bola Tinubu, who “deserves credit for championing the tough but necessary reforms in our economy.”

He also lauded the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, for his “courageous and pragmatic” policy reforms.

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