The First Bank of Nigeria (FBN) Holdings has appointed billionaire businessman Femi Otedola as the new chairman of its board of directors.
He succeeds the outgoing Chairman of the board, Alhaji Ahmad Abdullahi.
The financial institution disclosed this in a corporate filing on the Nigerian Exchange Limited (NGX), notifying investors of the new development.
This appointment, effective January 31, 2024, follows a recent meeting of the board where Otedola succeeds Alhaji Abdullahi.
Otedola, a renowned business mogul with significant contributions in various sectors, is expected to bring his extensive experience and strategic insight to FBN Holdings
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