Billionaire Femi Otedola owns more of First HoldCo than fellow bank chairmen Elumelu, Aig-Imoukhede or Ovia ever did
Billionaires Africa | 19.06.2026 19:14
Nigerian banking has produced some extraordinary examples of founder and chairman conviction in the past two years. Tony Elumelu more than doubled his stake in UBA in under twelve months. Jim Ovia was buying Zenith Bank shares by the billions even as a mandatory tenure rule was counting down to his exit from the chairmanship. Aigboje Aig-Imoukhede returned to Access Holdings after the death of his co-founder and quietly disclosed a stake that the market had not previously known existed at its full scale.
