FBN Holdings’ shareholders unanimously approved a dividend of N14.4 billion on Thursday, November 14, for the fiscal year ended December 31, 2023. The authorized dividend is equivalent to 40k per share.
The consent was granted during the virtual 12th Annual General Meeting of the firm.
Representing FBN Holdings Chairman Femi Otedola, Dr. Alimi Abdul-Razaq asked the shareholders for their approval at the Annual General Meeting to select Adebowale Oyedeji as the new Group Managing Director, AriseTV reported.
Oyedeji, a seasoned professional with a proven track record in the financial sector succeeds Nnamdi Okonkwo at the conclusion of his tenure.
For FBN Holdings, the change in leadership represents a major turning point as the Board of Directors seeks to maintain continuity and promote long-term growth for the company.
Oyedeji’s extensive background and strategic thinking make him an ideal choice to lead the business toward accomplishing its long-term goals while maintaining its dedication to providing value to shareholders.
According to Abdul-Razaq, the board’s confidence in Oyedeji’s leadership skills and outlook for FBN Holdings’ future is reflected in the appointment.
At the AGM, the business requested shareholder approval for an additional N350 billion on top of the current N150 billion right issues.
Abdul-Razaq said,
TimesNow.com.ng reported that FBN Holdings Plc had announced plans to change its legal and brand name to First HoldCo Plc at its upcoming 12 Annual General Meeting (AGM) on November 14, 2024.
The bank announced this in a notice signed by the company’s acting secretary, Adewale Arogundade.
Proofread by Kola Muhammed, journalist and copyeditor at TimesNow.com.ng
Source: TimesNow.com.ng
