The First Bank of Nigeria (FBN) Holdings has announced the appointment of billionaire businessman Femi Otedola as its new chairman, effective immediately.
Otedola, a renowned entrepreneur with interests in oil and gas, power generation, and real estate, succeeds Alhaji Ahmad Abdullahi, who stepped down after serving his tenure.
The announcement was made through a corporate filing on the Nigerian Exchange Limited (NGX), where the company notified investors of the new development.
Otedola is also the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other related businesses. He is the former chairman of Forte Oil PLC, and is the current executive chairman of Geregu Power PLC.
