FBN Holdings Plc, the parent company of First Bank Nigeria Limited, has announced the appointment of Mr. Nnamdi Okonkwo as its new Group Managing Director.
Okonkwo, the immediate-past Chief Executive Officer of Fidelity Bank Plc, will assume office with effect from January 1, 2022.
In a letter to the Nigeria Exchange Limited, dated October 28, 2021, FBN Holdings said Okonkwo’s appointment is subject to the approval of Nigeria’s apex bank, Central Bank of Nigeria (CBN) and the shareholders, at the company’s next Annual General Meeting (AGM).
The letter also disclosed that the board has accepted the notice of voluntary retirement of Mr. U. K. Eke, current GMD.
Okonkwo will be taking over from Eke, who is retiring from the bank with effect from December 31, 2021, having served for two terms, FBN Holdings said.
The Board also approved the renewal of the appointments of Dr. Adesola Adeduntan and Mr. Gbenga Shobo as the Managing Director and Deputy Managing Director of FirstBank, respectively, for another term, according to the letter.
The Board of FBN Holdings Plc. also approved the appointment of Mrs Tope Orhionsefe Omage as a Non- Executive Director of First Bank of Nigeria Limited by the Board of FirstBank, subject to the approval of the CBN.