nigerias vice president dangote and others join otedola for first banks 43story hq

Nigeria's Vice President, Dangote, And Others Join Otedola For First Bank's 43-story Hq

Key Points
  • Vice President Kashim Shettima led dignitaries, including Aliko Dangote, at the groundbreaking of FirstBanks 43-story headquarters in Lagos Eko Atlantic City.
  • As chairman and largest shareholder, Otedola is driving FirstHoldCos transformation, backed by record-breaking financial results and a 17.46 billion asset base.
  • Africas richest man, Aliko Dangote, announced plans to relocate his industrial empires headquarters to Eko Atlantic, reinforcing Lagos as Nigerias financial hub.

Nigerias Vice President, Kashim Shettima, led a high-profile delegation, including Africas richest man, Aliko Dangote, to the groundbreaking ceremony of FirstBanks new 43-story headquarters at Eko Atlantic City in Lagos . Representing President Bola Tinubu, Shettima was welcomed by billionaire businessman and chairman of FirstHoldCo, Femi Otedola, who hosted top figures from politics, business, and commerce.

The event drew an impressive lineup of dignitaries, including Lagos State Governor Babajide Sanwo-Olu, Ogun State Governor Dapo Abiodun, Ondo State Governor Lucky Aiyedatiwa, and former Senate President Bukola Saraki. Also in attendance were Nigerian-Lebanese business moguls and Chagoury Group co-founders Gilbert and Roland Chagoury, Pacific Holdings founder Deji Adeleke, Folawiyo Group managing director Tunde Folawiyo, and May Baker Nigeria Plc chair Daisy Danjuma.

FirstBanks new HQ signals growth, innovation

Vice President Shettima praised FirstBank and its parent company, FirstHoldCo, under Otedolas leadership, calling the project a testament to the administrations commitment to industrialization, innovation, and sustainable development. One of the highlights of the event was Sanwo-Olus formal presentation of the approval certificate to Otedola, marking the official start of construction on what will be West Africas tallest skyscraper.

Standing at 252 meters, the 43-story tower is designed to be more than just an officeits a statement of ambition and progress. With 115,000 square meters of built-up space, the eco-friendly headquarters will lower operational costs while reinforcing FirstBanks role as a leader in sustainable banking. More than reshaping the Lagos skyline, it sets a new benchmark for the financial sector across Africa.

Aliko Dangote also made a major announcement at the event , revealing plans to relocate the headquarters of his industrial empire to Eko Atlantic City, solidifying its status as Nigerias financial hub. I will be here very soon, Dangote said, turning to Otedola. And I want to congratulate you on this groundbreaking ceremony.