Appointments within the FBN Holdings Group

Friday, July 29, 2016 12:38pm/ NSE 

The Board of FBN Holdings Plc (FBNH) had, at its meeting held on July 19, 2016 resolved on the following nominations to its Board and the Board of its subsidiaries:  

•  Ms. Cecilia Akintomide and Mrs. Oluwande Muoyo were appointed to the Board of FBN Holdings Plc as Independent Non-Executive Directors. They are being appointed to fill the vacancy on the Board occasioned by the retirement of Alhaji Abdullahi Mahmoud and Mr. M.K Ahmad, OON, who was recently appointed by the Central Bank of Nigeria as the Chairman, Skye Bank Plc.  

• Messrs.’ Akinlolu Osinbajo and Folaranmi Babatunde Odunayo have been nominated for appointment as Non-Executive Directors on the Board of FBN Merchant Bank Limited to strengthen the Board and in line with best corporate governance practices.  

• Mr. Olugbenga Shobo, the Deputy Managing Director, FirstBank of Nigeria Limited was nominated for appointment as the Chairman of the Board of FBN General Insurance Limited whilst Mr. Bode Opadokun has been nominated for appointment as the Managing Director.

• Mrs. Titilayo Adebiyi and Alhaji Yusufu Modibbo have also been nominated for appointment as Independent Non-Executive Directors. On a related note, Mr. Johan Schalkwyk has been nominated for appointment as a Non-Executive Director by Sanlam Emerging Markets Limited; Technical Partners to FBN Insurance Limited.
   
• Mr. Folarin Alayande, the Head of Strategy, FBNH, was nominated for appointment as a Non-Executive Director on the Board of FBN Insurance Brokers Limited.  
  
  

All these nominations/appointments have been made subject to regulatory approvals. 

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