FBN Holdings appoints new directors under Otedola’s leadership

FBN Holdings, Nigeria’s oldest bank, has appointed new directors, marking the start of Femi Otedola’s tenure as chairman of the holding company.

These appointments demonstrate a strategic shift towards a more diverse and experienced leadership team.

The newly appointed directors, including Olusola Adeeyo, Viswanathan Shankar, Remilekun Adetola Odunlami, Anil Dua, and Fatima Ibrahim Ali, bring extensive experience from a variety of industries.

Their backgrounds point to a stronger governance and strategic direction for FBN Holdings.

These appointments require approval from the Central Bank of Nigeria and shareholders at the next Annual General Meeting.

Otedola’s appointment as chairman ushers in a new era for the bank, highlighting the importance of effective oversight and risk management.

FBN Holdings aims to strengthen its position in Nigeria’s banking sector by focusing on operational resilience and strategic agility.

Positive investor sentiment is reflected in the bank’s stock performance, which has risen significantly year to date.