The appointment of Mr. Femi Otedola the Chairman of the electricity producer Geregu Power Plc as a Non-executive Director of FBN Holdings is coming after a successful AGM where shareholders approved his appointment. The notice was published on the Nigerian Exchange Limited (NGX) after gaining approval from the board and management of FBN Holdings Plc on August 16.
Mr. Adewale Arogundade who is the acting secretary of FBN Holdings through a statement posted on NGX’s website revealed that the appointment of Mr. Femi Otedola by the board of FBN Holdings has gained approval by the Central Bank of Nigeria (CBN) and it has also been endorsed by the shareholders present at the AGM.
FBN Holdings AGM was focused on two agenda which include the appointment of Mr. Femi Otedola as a non-executive director which needs to gain acceptance from present shareholders in the meeting, while the second was the proposal to undertake a N150 billion rights issue.
Read more: https://www.investingport.com/femi-otedola-joins-fbn-board-of-directors-following-cbns-approval/