First Bank Names Femi Otedola as New Chairman, Effective January 31

FBN Holdings Plc, one of Nigeria’s prominent financial institutions, has appointed Mr. Olufemi Peter Otedola, CON, as its new Chairman of the Board of Directors, effective January 31, 2024.

The announcement of Mr. Otedola’s appointment follows a recent board meeting, during which he succeeded Alhaji Ahmad Abdullahi.

With his extensive experience and notable contributions across various sectors, Mr. Otedola is expected to inject fresh perspectives and strategic insights into FBN Holdings’ operations.

Acknowledging the outgoing Chairman, Alhaji Ahmad Abdullahi, for his commendable stewardship during challenging times, the transition to Mr. Otedola’s leadership signals a new chapter for FBN Holdings.

Stakeholders anticipate his chairmanship to usher in a period of innovation, resilience, and enhanced performance for the financial giant.

Mr. Otedola’s appointment underscores FBN Holdings’ commitment to navigating the evolving landscape of the Nigerian financial sector.

As he assumes his role, all eyes are on Mr. Otedola to steer FBN Holdings towards sustainable growth, reinforce its market position, and deliver increased value to shareholders and customers alike.

With his track record of business acumen and philanthropy, Mr. Otedola’s leadership heralds a promising future for First Bank and FBN Holdings as a whole.