FBN Holdings on Thursday officially announced the stepping down Chairman, First Bank of Nigeria Limited, Mr. Tunde Hassan-Odukale following the expiration of his tenure.
This was contained in an official filing of the company published on the stock exchange website.
His departure marks the end of a 12-year tenure on the board, adhering to the tenure guidelines set by the Central Bank of Nigeria (CBN) for Non-Executive Directors.
However, Mr. Ebenezer Olufowose has been appointed as the new Chairman of FBN Limited.
He joined the FirstBank Board as a Non-Executive Director in April 2021, and brings a robust wealth of experience spanning over three decades in the financial sector.
Prior to his new role, Olufowose served as the Group Managing Director of First Ally Capital Limited, a notable investment banking firm in Lagos.
However, Odukale’s exit followed that of the former Managing Director of First Bank Limited, Adesola Adeduntan who also resigned recently.
James Emejo
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