First Bank of Nigeria Holdings Plc, under the leadership of billionaire Femi Otedola as its new chairman, has announced significant appointments to its board. On Wednesday, the company disclosed the addition of two new non-executive directors for the holding company and three for First Bank.

The Nigerian Exchange Group was informed of these developments by Adewale Arogundade, the company’s secretary, revealing the appointments of Olusola Adeeyo and Viswanathan Shankar as non-executive directors and independent non-executive directors, respectively, in FBN Holdings. Additionally, Remilekan Odunlami was appointed as non-executive director for First Bank, while Anil Dua and Fatima Ali were named independent non-executive directors.

It's important to note that the appointments of these directors are contingent upon approval from the Central Bank of Nigeria (CBN).

Olusola Adeeyo, a former banker and ex-chairman of AXA Mansard Insurance Plc, brings vast experience as the current Chairman of Astral Waters Limited. Viswanathan Shankar, CEO of Gateway Partners, previously held the position of CEO at Standard Chartered Plc.

Remilekan Odunlami, having served as director at CitiBank Nigeria Limited and FirstBank, brings extensive financial expertise. Anil Dua has served on multiple boards, including Dangote GSP Offshore FZE, and Fatima Ali, founder of Santi Food and Beverage Limited, contributes her expertise to various charitable organizations.

In late January, FBN Holdings Plc appointed Femi Otedola as its new chairman, succeeding Ahmad Abdullahi. Otedola, ranked as the 20th richest African by Forbes with a fortune of $1.1 billion, has been a non-executive director on the board of FBN Holdings Plc since August 15, 2023.

With these new appointments and Otedola's leadership, FBN Holdings is poised for strategic growth and development in the financial sector.