As the 20th richest African, according to Forbes magazine ranking, with a fortune of $1.1billion, Femi Otedola, assumes the position of the Chairman, FBN Holdings Plc, he began work in earnest with the bank’s announcement on Wednesday, of two new non-executive directors for the holding company and three new non-executive directors for First Bank.
According to the company’s Secretary, Adewale Arogundade, while updating the Nigerian Exchange Group of recent development within the bank reported the appointment of Olusola Adeeyo and Viswanathan Shankar as non-executive director and independent non-executive director respectively in FBN Holdings.
Also appointed are Remilekan Odunlami as non-executive director for First Bank, as well as Anil Dua and Fatima Ali who were appointed as independent non-executive directors for the bank.
However, the appointments of the five new directors are subject to the approval of the Central Bank of Nigeria, CBN.
Femi Otedola succeeded Ahmad Abdullahi, as the new Chairman of FBN Holdings Plc, in late January 2023, after his initial appointment in August, 2024, as a non-executive director of the bank.