Friday,April 30, 2021 / 12:39 PM / by Proshare Research / Header Image Credit: FBN Holdings
Inaccordance with the Nigerian Exchange Limited (NGX) Rule Book, we hereby notifythe NGX and the investing public of recent developments in FBN HoldingsPlc and First Bank of Nigeria Limited.
Furtherto the Press Conference held by the Governor of the Central Bank of Nigeria,Mr. Godwin Emefiele on Thursday, 29 April 2021, the Boards of FBN Holdings Plcand First Bank of Nigeria Limited were dissolved and new Boards reconstituted,pursuant to the powers vested in the Central Bank of Nigeria as the primaryregulator of both Companies.
TheBoard of Directors of FBN Holdings Plc is now comprised as follows:
1.Mr. Remi Babalola - Chairman
2.Dr. Abiodun Oluwole Fatade
3.Mrs. Kofo Dosekun
4.Mr. Remi Lasaki
5.Dr. Alimi Abdulrasaq
6.Mr. Ahmed Modibbo
7.Mr. Khalifa Imam
8.Sir Peter Aliogo
9.UK Eke, MFR - Managing Director
TheBoard of Directors of First Bank of Nigeria Limited is now comprised asfollows:
1.Mr. Tunde Hassan-Odukale - Chairman
2.Mrs. Tokunbo Martins
3.Mr. Uche Nwokedi
4.Mr. Adekunle Sonola
5.Ms. Isioma Ogodazi
6.Mr. Ebenezer Olufowose
7.Mr. Ishaya Elijah B. Dodo
8.Dr. Sola Adeduntan - Managing Director
9.Mr. Gbenga Shobo - Deputy Managing Director
10.Mr. Remi Oni - Executive Director
11.Mr. Abdullahi Ibrahim - Executive Director
Wewish to confirm that the Bank and the Holding Company are both cooperating withthe Central Bank of Nigeria and other regulators while the operations of theBank and the Holdco are not hampered or hindered and are in fact runningsmoothly.
Wewish to reassure the investing public, our esteemed customers and otherstakeholders in the words with which the Governor of the Central Bank ofNigeria concluded his press conference on 29 April 2021: "The CBN herebyreassures the depositors, creditors and other stakeholders of the bank of itscommitment to ensuring the stability of the financial system.
Thereis therefore no cause for panic amongst the banking public, given that theactions being taken are meant to strengthen the bank and position it as abanking industry giant."
Inclosing, we wish to advise investors that, we are aware of our responsibilitiesto our shareholders and will work to discharge those responsibilities in themanner expected of a company listed on the Premium Board of NGX ExchangeLimited.
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