West Africa’s 4th richest billionaire Femi Otedola says he is targeting majority ownership of Nigeria’s oldest banking giant after investing over $430 million

African billionaire Femi Otedola has publicly signalled his intention to eventually take majority control of First HoldCo, the parent company of First Bank, after investing more than ₦600 billion ($432 million) of his personal wealth in what has become Nigeria’s most valuable listed banking group.