First Bank of Nigeria Holdings Plc, with billionaire Femi Otedola now at the helm as its new Chairman, announced the appointment of two new non-executive directors for the holding company and three for First Bank.
In an update to the Nigerian Exchange Group, the company’s Secretary, Adewale Arogundade, disclosed that Olusola Adeeyo and Viswanathan Shankar were appointed as non-executive director and independent non-executive director respectively in FBN Holdings. Additionally, Remilekan Odunlami was appointed as non-executive director for First Bank, while Anil Dua and Fatima Ali were appointed as independent non-executive directors.
Approval from the Central Bank of Nigeria (CBN) is required for the appointment of the five new directors.
Adeeyo, formerly with AXA Mansard Insurance Plc, currently chairs Astral Waters Limited. Shankar, CEO of Gateway Partners, previously led Standard Chartered Plc. Odunlami brings experience from CitiBank Nigeria Limited and Access Pensions Limited, among others. Dua has served on various boards including Dangote GSP Offshore FZE, and Ali is the founder of Santi Food and Beverage Limited.
Otedola, the 20th richest man in Africa according to Forbes, assumed the role of Chairman of First Bank of Nigeria Holdings Plc in late January, succeeding Ahmad Abdullahi. He was initially appointed to the Board of FBN Holdings Plc as a Non-Executive Director in August 2023.
