FBN Holdings (NGX Ticker: FBNH) has given notice on expected changes in the Board of the Banking group. The notification of recent developments in FBNH was contained in a corporate release signed by Seye Kosoko, the Company Secretary.
The notification which is in accordance with Nigerian Exchange Group (NGXX) Rule Book, informed the NGX and the investing public of the following developments,
FBN Holdings Plc
The Board of FBNH has accepted the Notice of voluntary Retirement of the Group Managing Director, Mr. U.K Eke, MFR with effect from December 31, 2021. Mr. U.K Eke, MFR has served two terms as the Group Managing Director.
The Board has subsequently approved the appointment of Mr. Nnamdi Okonkwo as the new Group Managing Director of FBN Holdings Plc.
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The effect from January 1, 2022, subject to the approval of the Central Bank of Nigeria (CBN) and the shareholders at the next Annual General Meeting of the Company.
Mr. Nnamdi John Okonkwo is the immediate past Chief Executive Officer/Managing Director of Fidelity Bank Nigeria Plc.
Before joining Fidelity Bank Plc, he occupied the Chief Operating Officer position in the United Bank for Africa subsidiary in Ghana.
Mr. Nnamdi started his banking career in the financial services industry in 1990 at Merchant Bank of Africa, Nigeria. In 1993, he moved to Guaranty Trust Bank (GTBank) and rose to become a branch manager before moving on to other banks.
Mr. Okonkwo then worked with other financial institutions before he joined United Bank for Africa (UBA) Plc.
First Bank of Nigeria Limited
- The Board approved the appointment of Mrs. Tope Orhionsefe Omage as a Non-Executive Director of First Bank of Nigeria Limited, subject to the approval of the CBN.
- The Board approved the renewal of the appointments of Dr. Adesola Adeduntan and Mr. Gbenga Shobo as the Managing Director and Deputy Managing Director of FirstBank respectively, for another term.
FBNQuest Merchant Bank Limited
The Board approved the renewal of the appointments of Mr. Kayode Akinkugbe and Mr. Taiwo Okeowo as the Managing Director and Deputy Managing Director of FBNQuest Merchant Bank Limited respectively, for another term.
Appointment of New Registrars for FBN Holdings Plc
The Board approved the appointment of Meristem Registrars Limited as the new Registrars to take over the Register of Members of FBN Holdings Plc in replacement of First Registrars and Investors Services Limited, with effect from December 1, 2021.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur