Business

March 22, 2024

FBN Holdings appoints 5 new directors as Otedola takes over

FBNHoldings

As Femi Otedola mounts the saddle as its new 

Chairman, FBN Holdings Plc, on Wednesday, appointed two new non-executive directors for the holding company and three new non-executive directors for First Bank. 

Updating the Nigerian Exchange Group of recent development within the bank, the company’s Secretary, Adewale Arogundade, announced the appointment of Olusola Adeeyo and Viswanathan Shankar as non-executive director and independent non-executive director respectively in FBN Holdings.

The company also announced Remilekan Odunlami as non-executive director for First Bank while Anil Dua and Fatima Ali were appointed as independent non-executive directors for the bank.

The appointments of the five new directors are subject to the approval of the Central Bank of Nigeria, CBN.

Late January, FBN Holdings Plc appointed Otedola as its new Chairman to succeed Ahmad Abdullahi.

Otedola was first appointed to the Board of FBN Holdings Plc on August 15, 2023 as a Non-Executive Director.

He was recently ranked by American business magazine,  Forbes, as the 20th richest African  with a fortune of $1.1 billion.