The First Bank of Nigeria (FBN) Holdings has named billionaire Femi Otedola as the new chairman of its board of directors.
He follows the outgoing Chairman of the Board, Alhaji Ahmad Abdullahi.
The financial institution announced this in a corporate filing on the Nigerian Exchange Limited (NGX), informing investors of the new situation.
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This appointment, effective January 31, 2024, follows a recent board meeting at which Otedola succeeded Alhaji Abdullahi.
Otedola, a well-known business magnate who has made substantial contributions in a variety of industries, is expected to contribute extensive knowledge and strategic acumen to FBN Holdings.
More details shortly..