The First Bank of Nigeria (FBN) Holdings has announced the appointment of billionaire businessman Femi Otedola as its new chairman, effective immediately.
Otedola, a renowned entrepreneur with interests in oil and gas, power generation, and real estate, succeeds Alhaji Ahmad Abdullahi, who stepped down after serving his tenure.
The announcement was made through a corporate filing on the Nigerian Exchange Limited (NGX), where the company notified investors of the new development.
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Otedola is also the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other related businesses. He is the former chairman of Forte Oil PLC, and is the current executive chairman of Geregu Power PLC.
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[…] to his appointment as Chairman in January, Otedola had been serving as a Non-Executive Director of the bank since July 2023. His nomination […]