Femi Otedola Becomes Director of FBN Holding, CBN Approval Granted

FBN Holdings Plc, a prominent presence in Nigeria’s financial sector, has unveiled the selection of Mr. Olufemi Otedola, CON, as its newest Non-Executive Director.

The commencement of this role is set for August 14, 2023, with the Central Bank of Nigeria (CBN) having officially sanctioned this decision.

Furthermore, shareholders gave their endorsement during the recently conducted Annual General Meeting, solidifying this appointment.

The statement was released by the bank and published on the website of the Exchange.  

• “In accordance with the Nigerian Exchange Limited (NGX) Rule Book, we hereby notify the NGX and the investing public of the appointment of Mr. Olufemi Otedola, CON as a Non-Executive Director of FBN Holdings Plc.
• “The appointment by the Board of FBN Holdings Plc has been approved by the Central Bank of Nigeria (CBN) and endorsed by the Shareholders at the Annual General Meeting held on August 15, 2023. The appointment is effective August 14, 2023.” 

Nairametrics first reported the bank had approved Otedola as director following the AGM held earlier in the week 

The appointment Mr. Otedola, as director paves the way for the bank to appoint him as chairman of the bank holding company.