First Bank announces appointment of Otedola as board chairman

FBN (First Bank of Nigeria) has officially named Mr. Olufemi Peter Otedola as the new Chairman of its Board of Directors. The appointment, as announced in a statement released by the company on social media, will be effective starting January 31, 2024. This decision was made during a recent board meeting, where Mr. Otedola was chosen to succeed Alhaji Ahmad Abdullahi.

The bank highlighted Mr. Otedola’s esteemed reputation as a prominent business mogul who has made substantial contributions across various sectors. It emphasized that his wealth of experience and strategic acumen are poised to greatly benefit FBN Holdings. The bank expressed confidence that his leadership will catalyze growth, foster innovation, and elevate performance within the company.

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