First Bank of Nigeria Holdings has notified the Nigerian Exchange Limited and the investing public of the resignation of Mr. Remi Babalola as a Non-Executive Director and Chairman of the Company effective 17 December 2021. Following the resignation of Mr. Remi Babalola, the Central Bank of Nigeria (CBN) has approved the appointment of Alhaji Ahmad Abdullahi as Non-Executive Director and Chairman of the Company.
Alhaji Ahmad Abdullahi, is an economist and thorough-bred professional with long years of experience in academia, banking supervision and financial regulation, retiring as Director of Banking Supervision, CBN in February 2020. He serves on the boards of the Africa Finance Corporation (AFC), FMDQ, NDIC and AMCON.