FBN Holdings Plc (Nigeria) notification of recent developments

By Published On: October 29th, 2021Categories: Corporate announcement

In accordance with Nigerian Exchange Group (NGX) Rule Book, we hereby notify the NGX and the investing public of the following developments in the Group:

  1. FBN Holdings Plc.

    a. Notice of Retirement of Group Managing Director and Appointment of new Group Managing Director The Board accepted the Notice of voluntary Retirement of the Group Managing Director, Mr. U.K. Eke, MFR with effect from December 31, 2021, having served for two terms.The Board approved the appointment of Mr. Nnamdi Okonkwo as the new Group Managing Director of FBN Holdings Plc, with effect from January 1, 2022, subject to the approval of the Central Bank of Nigeria (CBN) and the shareholders at the next Annual General Meeting of the Company.

  2. First Bank of Nigeria Limited

    a. Appointment of Non-Executive Director in First Bank of Nigeria Limited
    The Board approved the appointment of Mrs. Tope Orhionsefe Omage as a Non-Executive Director of First Bank of Nigeria Limited, subject to the approval of the CBN
    b. Renewal of Appointments of the Managing Director and Deputy Managing Director of First Bank of Nigeria Limited The Board approved the renewal of the appointments of Dr. Adesola Adeduntan and Mr. Gbenga Shobo as the Managing Director and Deputy Managing Director of FirstBank respectively, for another term.

  3. FBNQuest Merchant Bank Limited

    a. Renewal of the Appointments of the Managing Director and Deputy Managing Director of FBNQuest Merchant Bank Limited The Board approved the renewal of the appointments of Mr. Kayode Akinkugbe and Mr. Taiwo Okeowo as the Managing Director and Deputy Managing Director of FBNQuest Merchant Bank Limited res