He was appointed to the role during a meeting of the Board of Directors of the Group in Lagos on Wednesday, January 31, and he succeeds Ahmad Abdullahi, a seasoned economist who was appointed chair of the Holdco on 17 December 2021.
Otedola, who is also chairman of Geregu Power Plc, became a non-executive director of FBN Holdings on 14 August 2023, months after he acquired a substantial stake in First Bank.
Otedola is First Bank’s biggest and only substantial shareholder, holding a 5.6 per cent stake.
WOW.
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