FBN Holdings Proposed Name Change

As part of the agenda for its forthcoming 12th Annual General Meeting (AGM), scheduled for 14 November, 2024, FBN Holdings proposes to change its legal and brand name to First Holdco Plc.

With plans to extend the same to its subsidiaries, the proposed rebranding is part of a series of special resolutions to be considered by shareholders at the AGM.

The aim of the proposed name change by FBN Holdings is to modernise its identity and streamline its corporate structure to better reflect the company’s evolution into a diversified financial services group.

Still at the forthcoming AGM, the newly appointed Group Managing Director (GMD), Adebowale Oyedeji, is to be ratified by shareholders.

This appointment is subject to the approval of the Central Bank of Nigeria.

With over 30 years of banking experience across corporate banking, treasury, and commercial banking, Oyedeji is to replace Nnamdi Okonkwo, who will retire after completing his term.