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First Bank Appoints 5 New Directors As Otedola Takes Over - Business - Nairaland

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First Bank Appoints 5 New Directors As Otedola Takes Over by dre11(m): 5:53pm On Mar 21
The appointments of the five new directors are subject to the approval of the Central Bank of Nigeria (CBN).

With billionaire Femi Otedola in the saddle as its new Chairman, First Bank of Nigeria Holdings Plc, on Wednesday, appointed two new non-executive directors for the holding company and three new non-executive directors for the First Bank.

Updating the Nigerian Exchange Group of recent development within the bank, the company’s Secretary, Adewale Arogundade, announced the appointment of Olusola Adeeyo and Viswanathan Shankar as non-executive director and independent non-executive director respectively in FBN Holdings.

The company also announced Remilekan Odunlami as non-executive director for First Bank while Anil Dua and Fatima Ali were appointed as independent non-executive directors.

The appointments of the five new directors are subject to the approval of the Central Bank of Nigeria (CBN).

Adeeyo, a former banker and ex-Chairman of AXA Mansard Insurance Plc, is currently the Chairman of Astral Waters Limited, a water bottling and delivery company.

Shankar, the Chief Executive Officer of private equity investments firm Gateway Partners, previously served as the CEO of Standard Chartered Plc.

Odunlami has served as Director at CitiBank Nigeria Limited and FirstBank. She currently sits on the Board of Access Pensions Limited as an Independent Non-Executive Director and the Board of Rand Merchant Bnak Limited as a Non-Executive Director.

Also, Dua has sat on the Board of Dangote GSP Offshore FZE, Seychelles International Mercantile Banking Corporation, Heirs Holdings Oil and Gas Limited, Matador Investment Management Limited and Africa Property Development Managers Limited.

Ali, founder of Santi Food and Beverage Limited, currently sits on the Board of Reconnect Health Development Initiative International, a mental health charity organisation.

Late January, First Bank of Nigeria Holdings Plc appointed Otedola, the 20th richest man in Africa as its new Chairman.

With his appointment, Otedola, also the Chairman of Geregu Power, succeeded Ahmad Abdullahi.

Otedola was recently ranked by American business magazine, Forbes, as the 20th richest African with a fortune of $1.1bn.

Otedola was first appointed to the Board of FBN Holdings Plc on August 15, 2023 as a Non-Executive Director, the company said.

https://www.channelstv.com/2024/03/21/fbn-holdings-appoints-five-new-directors-as-otedola-takes-over/

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Re: First Bank Appoints 5 New Directors As Otedola Takes Over by Ulogwe1: 6:37pm On Mar 21
Congrats to them. But let them use this their office to better the economy of our dear nation Nigeria.


This FTC is dedicated to every man and woman hustling for their pay.

Please, never give up. Keep trying, you must make it.

God bless Nigeria
God bless Nigerians.
God bless all Nairalanders.

52 Likes 2 Shares

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by xyrexzmanto: 6:38pm On Mar 21
Nice1

3 Likes 1 Share

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by FocusedDiva(f): 6:38pm On Mar 21
O.te$

10 Likes

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by OfficialSam(m): 6:39pm On Mar 21
Ote money

9 Likes 2 Shares

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by ibrocool(m): 6:39pm On Mar 21
Congratulations to the new appointee and Femi Otedola. First bank is one of the banks I can keep my money and be rest assured that nothing will happen to it. They are security conscious and deliberately delay transactions at times. It may be frustrating for those in urgent situation.

10 Likes

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by Donald7610: 6:39pm On Mar 21
Advantages of Otedola to the bank

1. **Strategic Decision Making**: leveraging their intellect to foresee trends and opportunities in the market.

2. **Innovative Thinking**: using intelligence to develop groundbreaking technologies and solutions that revolutionize industries.

3. **Adaptability**: People like Otedola are usually adept at adapting to changing circumstances, allowing them to navigate complex business landscapes with agility and resilience.

4. **Global Influence**: People like Otedola intelligence grants them the ability to influence not only their industries but also broader societal and policy discussions, shaping the direction of economies and societies.

5. **Problem-Solving Skills**: He can excel at solving complex problems, whether they're related to business challenges or broader societal issues, contributing to positive change on a large scale.

6. **Network Building**: Otedola class tend to build extensive networks of like-minded individuals, experts, and influencers, enabling them to access resources, expertise, and opportunities that further fuel their success.


Otedola not only offers financial success but also provides opportunities to make a significant impact on the Firstbank through innovation, leadership, and philanthropy.

13 Likes 1 Share

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by Darkandhandsom(m): 6:39pm On Mar 21
Please i beg you... No matter what you do,
DON'T DIE POOR sad

30 Likes 5 Shares

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by helinues: 6:40pm On Mar 21
Money Money Money

They said Ololade dey gbomolo, na because he his loaded
Re: First Bank Appoints 5 New Directors As Otedola Takes Over by ZekeYeager: 6:40pm On Mar 21
🤭
Re: First Bank Appoints 5 New Directors As Otedola Takes Over by Ijobaorun(m): 6:40pm On Mar 21
Money matter... when power changes hand, some people gets lifted and some demoted.

6 Likes 1 Share

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by NkanuSon: 6:40pm On Mar 21
Agbadorians bank

Thank God I no get account with them

2 Likes 3 Shares

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by OmoManU: 6:40pm On Mar 21
Money doings
Re: First Bank Appoints 5 New Directors As Otedola Takes Over by Frayoworld(m): 6:41pm On Mar 21
Yoruba lokan

16 Likes 3 Shares

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by AuwalYusuf812(m): 6:41pm On Mar 21
Do you mean Femi 0tedola🥺🥺
Re: First Bank Appoints 5 New Directors As Otedola Takes Over by BOSSkesh(m): 6:41pm On Mar 21
Boardroom shark

51 Likes 1 Share

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by datola: 6:41pm On Mar 21
Otedola First Bank. Elumelu UBA.

Let the competition continue

10 Likes

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by id4sho(m): 6:41pm On Mar 21
tongue
Re: First Bank Appoints 5 New Directors As Otedola Takes Over by usecondom(m): 6:41pm On Mar 21
Congratulations, God open my own doors

4 Likes 1 Share

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by Freshtruth(m): 6:41pm On Mar 21
Otedola is smarter than Dangonte

6 Likes

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by Helpfromabove1(m): 6:42pm On Mar 21
Hope the power issues is now over no more oba Otudeko

Congratulations

6 Likes

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by RichDad1(m): 6:42pm On Mar 21
Billionaire without noise like some people.

14 Likes 1 Share

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by ecolime(m): 6:42pm On Mar 21
Dj Cuppy will soon become their MD cheesy

8 Likes

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by CartelKenneth: 6:43pm On Mar 21
So otedola don take over first bank?
Thank god I don’t have account with them
Re: First Bank Appoints 5 New Directors As Otedola Takes Over by RichDad1(m): 6:43pm On Mar 21
Ulogwe1:
Congrats to them. But let them use this their office to better the economy of our dear nation Nigeria.


This FTC is dedicated to every man and woman hustling for their pay.

Please, never give up. Keep trying, you must make it.

God bless Nigeria
God bless Nigerians.
God bless all Nairalanders.
because he’s you governor, senator or local government chairman? Will you gedifok

7 Likes

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by CartelKenneth: 6:43pm On Mar 21
ecolime:
Dj Cuppy will soon become their MD cheesy


She will paint the bank pink o😂

14 Likes 3 Shares

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by RichDad1(m): 6:44pm On Mar 21
CartelKenneth:
So otedola don take over first bank?
Thank god I don’t have account with them
FBNH don’t need a pauper like you.

27 Likes 4 Shares

Re: First Bank Appoints 5 New Directors As Otedola Takes Over by inoki247: 6:44pm On Mar 21
Lol shey people still dey use first bank this year alone I never see anybody send me FirstBank account mk I credit.....

7 Likes 3 Shares

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