Otedola made his first fortune in commodities before selling his shares in Forte Oil to invest in the energy business. Otedola is chairman of Geregu Power, a power generation business, and owns more than 70% of the shares. Nigerian billionaire FemiOtedola acquires additional FirstHoldCo shares worth $31.6 million, lifting his stake to 19.36%. Entertainment.Following the acquisition, Otedola’s stake in First HoldCo has risen from 8.05 billion shares disclosed in the group’s 2025 audited accounts to approximately 8.60 billion shares, representing a commanding 19.35 percent ownership position in the financial institution. Aliko Dangote and FemiOtedola are drawing attention for sharply contrasting investment strategies, with Dangote prioritising industrial expansion while Otedola grows his banking and luxury real estate portfolio. | Nigerian billionaire FemiOtedola has bought additional shares in First HoldCo Plc worth more than ₦43 billion, further strengthening his position as the. Otedola’s creative approach to business and problem-solving is enviable.FemiOtedola took us through all his business adventures and misadventures to provide first-row guidance with ‘Making It Big: Lessons from a Life in Business’. Nigerian billionaire businessman and philanthropist, FemiOtedola, on Monday officially released his long-awaited memoir, “Making It Big: Lessons from a Life in Business”, now available worldwide in hardcover and paperback.