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FBN Holdings undergoes a significant leadership transition as billionaire Femi Otedola assumes the Chairman role, accompanied by appointing five new directors. The announcement includes the addition of Olusola Adeeyo and Viswanathan Shankar as non-executive directors for FBN Holdings, and Remilekan Odunlami, Anil Dua, and Fatima Ali as directors for First Bank.

These appointments signal a strategic realignment within the organization, subject to the Central Bank of Nigeria (CBN) approval. Adeeyo, a seasoned banker, brings expertise from his previous roles, while Shankar's background includes leadership positions in prominent financial institutions.

Odunlami's experience spans directorial roles at notable banks, while Dua's board affiliations highlight a diverse portfolio. Ali's entrepreneurial background adds valuable perspectives to the board.

Otedola's ascent to the Chairman underscores a new era for FBN Holdings, positioning the organization for potential strategic shifts and enhanced governance practices in Nigeria's financial sector.