FBN Holdings appoints 5 directors as Otedola takes over as Chairman

The Board of First Bank Nigeria, FBN Holdings Plc has appointed Femi Otedola, as it announced the appointment of five new directors.

The Company disclosed this in a statement sent to the Nigerian Exchange Limited (NGX), adding that the appointments of the five new directors are subject to the approval of the Central Bank of Nigeria (CBN).

The Company’s secretary, Adewale Arogundade, in the statement, stated that the Board has announced the appointment of Olusola Adeeyo and Viswanathan Shankar as non-executive director and independent non-executive director respectively in FBN Holdings.

“The Company also announced Remilekan Odunlami as non-executive director for First Bank while Anil Dua and Fatima Ali were appointed as independent non-executive directors.

The appointments of the five new directors are subject to the approval of the Central Bank of Nigeria (CBN)” the statement added.

Adeeyo, a former banker and ex-Chairman of AXA Mansard Insurance Plc, is currently the Chairman of Astral Waters Limited, a water bottling and delivery company.

Shankar, the Chief Executive Officer of private equity investments firm Gateway Partners, previously served as the CEO of Standard Chartered Plc.

Odunlami has served as Director at CitiBank Nigeria Limited and FirstBank. She currently sits on the Board of Access Pensions Limited as an Independent Non-Executive Director and the Board of Rand Merchant Bank Limited as a Non-Executive Director.

Also, Dua has sat on the Board of Dangote GSP Offshore FZE, Seychelles International Mercantile Banking Corporation, Heirs Holdings Oil and Gas Limited, Matador Investment Management Limited and Africa Property Development Managers Limited.

Mrs Fatima Ibrahim All founded Santi Food and Beverage Limited In 2015, drove the company’s strategic direction and orchestrated business development efforts that yielded over 300 per cent growth in consumer retail and supply channels within the first five years of establishment.

She currently sits on the Board of Reconnect Health Development Initiative International, a mental health charity organisation and she also partners with other government and non-government organisations to champion the course of education for less privileged children across Nigeria.