First Bank of Nigeria Holdings Plc, under the leadership of billionaire Femi Otedola as its new Chairman, announced the appointment of two new non-executive directors for the holding company and three for First Bank on Wednesday.
Adewale Arogundade, the company’s Secretary, disclosed recent developments to the Nigerian Exchange Group, stating that Olusola Adeeyo and Viswanathan Shankar were appointed as non-executive and independent non-executive directors, respectively, in FBN Holdings.
Remilekan Odunlami was named as First Bank’s non-executive director, while Anil Dua and Fatima Ali were appointed as independent non-executive directors.
These appointments are subject to approval by the Central Bank of Nigeria (CBN).
Adeeyo, formerly Chairman of AXA Mansard Insurance Plc, now chairs Astral Waters Limited.
Shankar, CEO of Gateway Partners, previously served as CEO of Standard Chartered Plc.
Odunlami, with experience at CitiBank Nigeria Limited and First Bank, currently serves as an Independent Non-Executive Director on other boards.
Dua has a diverse board background, including roles with Dangote GSP Offshore FZE and Heirs Holdings Oil and Gas Limited.
Ali, creator of Santi Food and Beverage Limited, is involved with Reconnect Health Development Initiative International.
In January, FBN Holdings Plc appointed Otedola as Chairman, succeeding Ahmad Abdullahi. Otedola, Africa’s 20th richest man, also chairs Geregu Power and joined FBN Holdings Plc’s Board of Directors in August 2023.
