Home Business First Bank Appoints Nnamdi Okonkwo As New Group Managing Director

First Bank Appoints Nnamdi Okonkwo As New Group Managing Director

Nnamdi Okonkwo

FBN Holdings Plc, the holding company of First Bank of Nigeria has announced Nnamdi Okonkwo as its new Group Managing Director.

This appointment takes effect from January 1, 2022, subject to the approval of the Central Bank of Nigeria (CBN) and the shareholders at the next Annual General Meeting of the Company.

This comes after the board of directors accepted the voluntary retirement of Group Managing Director Mr. U.K. Eke, MFR with effect from December 31, 2021, having served for two terms.

According to a notification Thursday, on the Nigerian stock exchange, the newly appointed MD, Okonkwo previously served as the Executive Director for Southern Nigeria in Fidelity Bank.

He has worked meritoriously on an international level in his capacity as the Managing Director of UBA Ghana; Director, UBA Liberia and a Director of the Ghana National Banking College.

He has served in various leadership positions across other financial institutions including Broad Bank of Nigeria Ltd; Citizens International Bank, Nigeria; FSB International Bank Plc, Nigeria; Guaranty Trust Bank Plc, Nigeria; and Merchant Bank of Africa, Nigeria.

Mr Okonkwo made remarkable feats as a Director in various organizations including UBA Ghana, UBA Liberia, Nigeria e-government Strategy (Negst), Nigeria Interbank Settlement System Plc, Unified Payment System Ltd and as Chairman, Shareholders Audit Committee FMDQ, amongst others.

Also, the board has approved the appointment of Mrs Tope Omage as a Non- Executive Director of First Bank of Nigeria Limited by the Board of FirstBank, subject to the approval of the CBN.

The Board further announced the renewal of the appointments of Dr. Adesola Adeduntan and Mr. Gbenga Shobo as the Managing Director and Deputy Managing Director of FirstBank respectively, for another term.

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.


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