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FBN Holdings Plc confirm cooperating with the Central Bank of Nigeria, new Board of Directors named

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By Audrey Lotechukwu

FRI 30 APRIL, 2021-theGBJournal- In a statement to the Nigerian Exchange Limited (NGX) today, FBN Holdings Plc confirmed it is cooperating with the Central Bank of Nigeria (CBN) and other regulators to reassure the investing public, customers and other stakeholders of its commitment to ensuring the ‘’stability of the financial system.’’ It underscored the commitment by publishing the full list of the CBN approved Board members.

‘’We wish to confirm that the Bank and the Holding Company are both cooperating with the Central Bank of Nigeria and other regulators while the operations of the Bank and the Holdco are not hampered or hindered and are in fact running smoothly,’’ FBN Holdings  Plc said in the statement.

The development follows from the swift sacking of the Boards of both First Bank Nigeria (FBN) and the Holding Company on Thursday, 29 April 2021 by the CBN and the reinstating of Mr Sola Adeduntan, previously sack by the bank, as MD/CEO.

The Board of Directors of FBN Holdings Plc is now comprised as follows:

  1. Mr. Remi Babalola – Chairman
  2. Dr. Abiodun Oluwole Fatade
  3. Mrs. Kofo Dosekun
  4. Mr. Remi Lasaki
  5. Dr. Alimi Abdulrasaq
  6. Mr. Ahmed Modibbo
  7. Mr. Khalifa Imam
  8. Sir Peter Aliogo
  9. UK Eke, MFR – Managing Director

While the Board of Directors of First Bank of Nigeria Limited comprise of:

Mr. Tunde Hassan-Odukale – Chairman

  1. Mrs. Tokunbo Martins
  2. Mr. Uche Nwokedi
  3. Mr. Adekunle Sonola
  4. Ms. Isioma Ogodazi
  5. Mr. Ebenezer Olufowose
  6. Mr. Ishaya Elijah B. Dodo
  7. Dr. Sola Adeduntan – Managing Director
  8. Mr. Gbenga Shobo – Deputy Managing Director
  9. Mr. Remi Oni – Executive Director
  10. Mr. Abdullahi Ibrahim – Executive Director

‘’ we wish to advise investors that, we are aware of our responsibilities to our shareholders and will work to discharge those responsibilities in the manner expected of a company listed on the Premium Board of NGX Exchange Limited.

FBN Holdings is one of the largest financial institutions in Africa. It is multifaceted and diversified along commercial banking, merchant banking, capital markets, trusteeship and insurance brokerage.

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