FBN Holdings Plc, a leading financial institution in Nigeria, has announced the appointment of Femi Otedola, CON, as its new Chairman of the Board of Directors. 

FBN Holdings, in a notice to the Nigerian Exchange Limited and the investing public, said the decision was made at the meeting of the Board of Directors odf the company held on Wednesday.

Otedola, also the Chairman of Geregu Power, succeeds the outgoing Chairman of the FBN Board, Ahmad Abdullahi.

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

The appointment is effective from January 31, 2024.

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.