Femi Otedola appointed as chairman of First Bank Holdings
Very rich person businessman Mr Femi Otedola, has developed as the chairperson of the board of FBN Property Plc, whose lead company is To begin with Bank.
He was named to the part amid a assembly of the Board of Executives of the Bunch in Lagos on Wednesday, January 31, as he succeeded Ahmad Abdullahi, a prepared financial analyst who was named chair of the Holdco on 17 December 2021.
Otedola, who is additionally chairman of Geregu Control Plc, got to be a non-executive chief of FBN Property on 14 Eminent 2023, months after he procured a significant stake in To begin with Bank.
Otedola, 61, is To begin with Bank’s greatest and as it were considerable shareholder, holding a 5.6 per cent stake.
Geregu Control, which he took open in October 2022, accounts for approximately nine per cent of Nigeria’s network power.
He has held a few board participations, counting President of the Nigerian Chamber of Shipping and as past Chairman of Transcorp Hilton Lodging, Abuja.
He was portion of the National Financial Administration Group, chaired by previous President Goodluck Jonathan from 2011 to 2015.
In January, Otedola procured a critical stake in Dangote Cement, a company to a great extent possessed by, Aliko Dangote detailed to be worth more than N6 billion.
