Acquisition of Otudeko, Odukale shares in First HoldCo was approved, says SEC
[NigerianEye - Nigeria] - 24/07/2025
The Securities and Exchange Commission (SEC) says it approved the decision of Oba Otudeko, chairman of Honeywell Group, and Tunde Hassan-Odukale, group managing director of Leadway Assurance, to sell their shares in First HoldCo to RC Investment Management Limited. In a statement on Thursday, signed by Efe Ebelo, the SEC’s head of external relations, the commission said it granted a “no objection” to the transaction after due consideration and in full compliance with applicable requirements. “The Securities and Exchange Commission (SEC) Nigeria wishes to clarify its position regarding the (…)
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