Saturday, May 28, 2022

CBN Approves Ahmad Abdullahi As New First Bank Holdings Chairman

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The Central Bank of Nigeria (CBN) has approved the appointment of Ahmad Abdullahi as non-executive director and chairman of First Bank Holdings PLC.

The development came following the resignation of Remi Babalola, former chairman of the company.

Osita Nwanisobi, CBN director of corporate communications, disclosed this on Friday.

According to Nwanisobi, the apex bank was notified of the resignation of Babalola as chairman of the company against the backdrop of contest by some significant shareholders for control of First Bank Holding PLC.

Femi Otedola Set To Launch Debut Book On Business Lessons
The CBN spokesman thank Babalola for his services and acknowledged the strides recorded by the company under his watch.

Read Also: 2 Days After Femi Otedola Became FBN Holdings Single Largest Shareholder, Remi Babalola Resigns As Board Chairman

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Abdullahi, the new chairman, is an economist with long years of experience in the academia, banking supervision and financial regulation, and he retired as director of banking supervision, CBN in February 2020.

He is also an expert in bank crisis resolution, and also serves on the boards of the Africa Finance Corporation (AFC), FMDQ, NDIC and AMCON.

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Photo Credit: Getty

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