Immediate past Managing Director and CEO of Fidelity Bank of Niger Plc, Mr. Nnamdi Okonkwo, has emerged as the new Group Managing Director of FBN Holdings Plc, the holding company of First Bank of Nigeria Group.

The appointment, announced in Lagos this Thursday afternoon, October 28, 2021, marks the return of the award-winning banker barely ten months after he successfully served out his term at Fidelity Bank.

The board of FBN Holdings Plc has approved the appointment to become effective from Jan. 1, 2022.

This is contained in a statement posted on the Nigerian Exchange Ltd (NGX) website.

The statement was signed by FBNH, Company Secretary, Mr Seye Kosoko, on Thursday.

The statement said the appointment followed notice of the retirement of the Group Managing Director, Mr U.K. Eke, with effect from Dec. 31, 2021, having served for two terms.

It noted that the the notice was in accordance with Nigerian Exchange Group (NGX) Rule Book.

“The board approved the appointment of Mr 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,” it said.

It also approved the appointment of Mrs Tope Omage, as non-Executive Director in First Bank of Nigeria Ltd., subject to the approval of the CBN.

The board approved the renewal of the appointments of Dr Adesola Adeduntan and Mr Gbenga Shobo as the Managing Director and Deputy Managing Director of First Bank of Nigeria Ltd., for another term.

“The board approved the renewal of the appointments of Mr Kayode Akinkugbe and Mr Taiwo Okeowo as the Managing Director and Deputy Managing Director of FBNQuest Merchant Bank Ltd respectively, for another term,” said the statement.

The board, however, approved the appointment of Meristem Registrars Ltd as the new Registrars to take over the Register of Members of FBNH in replacement of First Registrars and Investors Ltd, with effect from Dec. 1, 2021. (Additional reports by NAN)

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