By Halimah Olamide
The First Bank of Nigeria Holdings on Wednesday announced business mogul, Mr. Femi Otedola, as the new chairman of its board of directors.
Otedola takes over from the outgoing Chairman of the board, Alhaji Ahmad Abdullahi. The bank disclosed this in a corporate filing on the Nigerian Exchange Limited (NGX), notifying investors of the new development.
The decision of the financial institution followed a recent meeting of the board held today. This appointment, according to the bank, takes effect today, January 31, 2024.