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FBN Holdings appoints Okonkwo new Group MD, renews Adeduntan tenure as First Bank CEO

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The immediate past Chief Executive of Fidelity Bank, Nnamdi Okonkwo has been named the Group Managing Director of FBN Holdings Plc, to replace Urum Eke who steped down after a successful completion of his two-term tenure.

In a regulatory filing with the Nigerian Exchange Limited (NGX), signed by the Company Secretary, Seye Kosoko, the new managing director will take over from Eke at the end of the current financial year, December 31, 2021.

“Eke’s retirement follows from a 35 years’ career in financial services, strategy, auditing, consulting, taxation, process reengineering and capital market operations,” the regulatory communication stated.

“The Board accepted the Notice of voluntary Retirement of the Group Managing Director, U.K. Eke, with effect from December 31, 2021, having served for two terms.

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“The Board approved the appointment of Nnamdi Okonkwo as the new Group Managing Director of FBN Holdings Plc, with effect from January 1, 2022, subject to the approval of the Central Bank of Nigeria (CBN) and the shareholders at the next Annual General Meeting of
the Company.

The holding company also announced the renewal of the appointments of Adesola Adeduntan and Gbenga Shobo as the Managing Director and Deputy Managing Director of First Bank. respectively, for another term.

“The Board approved the renewal of the appointments of Kayode Akinkugbe and Taiwo Okeowo as the Managing Director and Deputy Managing Director of FBNQuest Merchant Bank Limited respectively, for another term.

“The Board approved the appointment of Meristem Registrars Limited as the new Registrars to take over the Register of Members of FBN Holdings Plc in replacement of First Registrars and Investors Services Limited, with effect from December 1, 2021” FBNH stated.

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