Otedola vows radical overhaul of First Holdco for new beginning

Abdullateef Fowewe

Billionaire businessman, Femi Otedola has announced a bold restructuring of First Holdco Plc, promising to dismantle outdated structures to create a sustainable financial powerhouse amid expected disruptions.

In his shared on Tuesday via X (formerly Twitter), Otedola detailed the transformative process stressing, “Rebuilding and restructuring a behemoth like First Holdco Plc will come with a lot of disruptions including both pleasant and unpleasant surprises. We must pull things apart, remove old faulty foundations and build a new experience for all our stakeholders.”

He emphasised the company’s fresh direction, stating, “A new beginning that guarantees corporate sustainability and longevity fueled by the tenacity of purpose and veracity of vision supported by our core pillars of Transparency, Accountability, and Long Term Value for all stakeholders.”

Otedola reaffirmed his dedication, adding, “I remain grounded in our pursuit to build a world class financial institution without distractions whilst my commitment to continue to invest my all; financial and otherwise, remains unflinching.”