The Securities and Exchange Commission (SEC) has confirmed that it approved the sale of shares in First HoldCo by Oba Otudeko, chairman of Honeywell Group, and Tunde Hassan-Odukale, group managing director of Leadway Assurance, to RC Investment Management Limited.
The SEC granted a “no objection” to the transaction after due consideration and in full compliance with applicable requirements.
This was confirmed in a statementon Thursday by Efe Ebelo, the SEC’s head of external relations.
