Billionaire businessman, Femi Otedola, has been appointed the new Chairman of FBN Holdings Board of Directors.
This appointment, effective January 31, 2024, follows a recent meeting of the board where Otedola succeeded Alhaji Ahmad Abdullahi.
Otedola, a renowned business mogul with significant contributions in various sectors, 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.
Otedola is currently the most substantial shareholder in FBN Holdings Plc, with a shareholding of 5.57 per cent.
Before this appointment, he was appointed to the Board of FBN Holdings as a Non-Executive Director on August 15, 2023.
FBN Holdings commended the outgoing Chairman, Abdullahi, for his tenure, during which he guided FBN Holdings through numerous challenges, maintaining its stature in the Nigerian financial landscape.