Femi Otedola gets new appointment

Nigerian businessman and chairman of Geregu Power Plant, Femi Otedola has been appointed as new Chairman of the Board of Directors of FBN Holdings Plc.

According to reports, the appointment takes effect from January 31, 2024, followed a recent meeting of the board where Otedola succeeded Alhaji Ahmad Abdullahi.

…..In a corporate filing to the Nigerian Exchange Limited, the bank commended the outgoing Chairman, Alhaji Ahmad Abdullahi for his achievements during his tenure, during which he guided FBN Holdings through numerous challenges, maintaining its stature in the Nigerian financial landscape.

According to him, “FBN Holdings Plc hereby notifies the Nigerian Exchange Limited (NGX) and the investing public that at the meeting of the board of Directors of the company held today (yesterday), January 31, 2024, the board appointed Mr. Olufemi Otedola as the new chairman of the board of Directors. Mr. Olufemi Peter Otedola succeeds the outgoing chairman of the board, Alhaji Ahmad Abdullahi.

,,,,,,,“Femi was appointed to the board of FBN Holdings Plc on August 15, 2023 as a Non-Executive Director. He is visionary entrepreneur with a track record of pioneering businesses, growing and transforming corporations,” it stated