By Eyo Nsima

FBN Holdings Plc, the holding company of First Bank of Nigeria, has announced the appointment of Nnamdi Okonkwo as its new group managing director, GMD.

According to Seyi Kosoko, the company secretary, who made the information public, Okonkwo is the former managing director/ chief executive officer (CEO) of Fidelity Bank of Nigeria Plc.

He stated that his appointment followed the voluntary retirement of U.K. Eke, who has completed his two-term tenure.

He stated: “Uke’s retirement takes effect at the end of the current Financial Year on December 31, 2021. Mr. Eke’s retirement follows from a 35 years career in financial services, strategy, auditing, consulting, taxation, process reengineering, and capital market operations.

“FBNHoldings Board has also announced that Eke will be succeeded by Mr. Nnamdi Okonkwo, a focused and result-oriented top banker, who will assume office as Group Managing Director, FBN Holdings Plc effective January 1, 2022.”

Also, FBN Holdings announced the renewal of the appointments of Adesola Adeduntan and Gbenga Shobo as the managing director and deputy managing director of First Bank, respectively, for another term.

The board also approved the appointment of Tope Orhionsefe Omage as a non-executive Director of First Bank of Nigeria Limited by the board of First Bank, subject to the approval of the CBN.

It stated: “In same vein, the Board announced the renewal of appointments of Mr. Kayode Akinkugbe and Mr. Taiwo Okeowo as the Managing Director and Deputy Managing Director of FBNQuest Merchant Bank Limited respectively, for another term.

“The Board also announced the appointment of Meristem Registrars Limited as the new Registrars to take over the Register of Members of FBN Holdings Plc in replacement of First Registrars and Investors Services Limited, with effect from December 1, 2021.”