JUST IN: First Bank Nigeria Holdings Chairman, Remi Babalola, Resigns

Mr. Remi Babalola, the Chairman of First Bank Nigeria Holdings Plc has resigned from the Board.

Babalola, reports said, resigned from the board of the company on Friday.

This is coming on heels of billionaire businessman, Femi Otedola becoming the single largest shareholder of First Bank, a subsidiary of the holdings company, but declaring he was not interested in any board position.

The news of his resignation took the Central Bank of Nigeria (CBN), unawares and as at the time of filling this report, has not announced a replacement.