With Femi Otedola assuming the role of Chairman, First Bank of Nigeria Holdings Plc has appointed two new non-executive directors for the holding company and three new non-executive directors for First Bank.
The appointments of the five new directors are subject to the approval of the Central Bank of Nigeria (CBN).
The Nigerian Exchange Group has been updated on recent developments within the bank, as announced by the company’s Secretary, Adewale Arogundade. The appointments include Olusola Adeeyo as a non-executive director and Viswanathan Shankar as an independent non-executive director in FBN Holdings.
The company further announced the appointment of Remilekan Odunlami as a non-executive director for First Bank, along with Anil Dua and Fatima Ali as independent non-executive directors.
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.
