First Bank
First Bank shareholders move to remove Femi Otedola over alleged fraud
Some shareholders of First Bank of Nigeria Holdings Plc., on Wednesday called for the removal of chairman, Femi Otedola. The group of shareholders, who own 10 per cent shares in the company, called for an Extra-Ordinary General Meeting to be held within 21 days, as provided by Section 215 (1) of the CAMA law, to […]
BREAKING: Otedola buys fresh 2.22% shares as stakes in FBN Holdings hit 11.63%
Femi Otedola, billionaire businessman and chairman of FBN Holdings, has acquired an additional 2.22 percent shares in the First Bank of Nigeria The acquisition was disclosed in a corporate filing on the Nigerian Exchange Group (NGX) on Monday. The fresh acquisition further cements the billionaire’s control of the company as his shareholding has now reached […]
First Bank appoints Alebiosu acting MD
First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director, effective April 2024. The bank made this announcement in a statement signed by its acting company secretary, Adewale Arogundade, on Sunday. Earlier, it was reported that the former Managing Director of First Bank Nigeria Limited, Dr. Adesola Adeduntan, tendered his resignation […]