CBN approves Femi Otedola as Director of FBN Holding

FBN Holdings Plc announced today the appointment of Mr. Olufemi Otedola, CON, as its Non-Executive Director.

This decision, effective August 14, 2023, has been ratified by the Central Bank of Nigeria (CBN) and endorsed by shareholders at the Annual General Meeting held yesterday.

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.”

The bank had approved Otedola as director following the AGM held on Tuesday.

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