A leading financial institution in Nigeria, FBN Holdings Plc, has appointed Mr. Olufemi Peter Otedola, CON, as its new Chairman of the Board of Directors.
Disclosing this in a notification statement signed by the company’s Ag secretary, the company noted that Mr Otedola succeeds the outgoing Chairman, Alhaji Ahmad Abdullahi
Mr Otedola’s appointment becomes effective January 31, 2024,as he was before this appointment, appointed into the Board of FBN Holdings as a Non-Executive Director on August 15, 2023.
The appointee who is said to be  a visionary entrepreur wth a track record of pioneering businesses, growing and transforming corporations, is expected to bring his extensive experience and strategic insight to FBN Holdings. His leadership is anticipated to drive growth, innovation, and enhanced performance in the company.
The outgoing Chairman, Alhaji Ahmad Abdullahi, is commended for his tenure, during which he guided FBN Holdings through numerous challenges, maintaining its stature in the Nigerian financial landscape. The transition marks a new phase for FBN Holdings, with stakeholders and analysts keenly observing the potential impacts of Mr. Otedola’s chairmanship.
As the Nigerian financial sector continues to evolve, FBN Holdings, under Mr. Otedola’s leadership, is poised to strengthen its position in the market and deliver increased value to shareholders and customers
