{"id":5580,"date":"2021-12-19T15:32:36","date_gmt":"2021-12-19T15:32:36","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=5580"},"modified":"2021-12-19T15:34:21","modified_gmt":"2021-12-19T15:34:21","slug":"fbn-holdings-officially-confirms-remi-babalolas-resgination","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/19\/fbn-holdings-officially-confirms-remi-babalolas-resgination\/","title":{"rendered":"FBN Holdings officially confirms Remi Babalola\u2019s resgination"},"content":{"rendered":"<header class=\"entry-header\">\n<p class=\"entry-title card-title\"><span style=\"font-size: 16px\">The FBN Holdings Plc has officially informed the Nigerian Exchange Ltd and the investing public of the resignation of its Chairman and non-Executive Director, Mr Remi Babalola.<\/span><\/p>\n<\/header>\n<div class=\"entry-content\">\n<p>This was made public in a statement released and signed by the Company Secretary, Mr Seye Kosoko, via the NGX website.<\/p>\n<p>The statement, which was tagged : \u201cNotification of recent changes on the board of <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/11\/trading-indices-grow-by-0-47-following-renewed-investor-interest\/\">FBN Holdings Plc<\/a>,&#8221; revealed that Babalola\u2019s resignation became effective on Dec. 17.<\/p>\n<p>\u201cFollowing 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,\u201d he said.<\/p>\n<p>According to the record provided, Abdullah 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.<\/p>\n<p>He serves on the boards of the Africa Finance Corporation (AFC), FMDQ, NDIC and AMCON.<\/p>\n<p>The News Agency of Nigeria (NAN) reports that Babalola was appointed chairman by the CBN on April 30, 2021 due to some developments that led to the sack of the former Chairman, Oba Otudeko.<\/p>\n<p>Babalola\u2019s exit from FBN Holdings came as a rude shock to industrial experts, few days after it was confirmed that Femi Otedola made a significant investment in FBN Holdings with the acquisition of an additional 2.5 per cent stake, raising his entire stake in the company to 7.57 per cent.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The FBN Holdings Plc has officially informed the Nigerian Exchange Ltd and the investing public of the resignation of its Chairman and non-Executive Director, Mr Remi Babalola. This was made public in a statement released and signed by the Company Secretary, Mr Seye Kosoko, via the NGX website. The statement, which was tagged : \u201cNotification [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":5653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[20],"tags":[1893],"class_list":["post-5580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-fbn-holdings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FBN Holdings officially confirms Remi Babalola\u2019s resgination &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/19\/fbn-holdings-officially-confirms-remi-babalolas-resgination\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBN Holdings officially confirms Remi Babalola\u2019s resgination\" \/>\n<meta property=\"og:description\" content=\"The FBN Holdings Plc has officially informed the Nigerian Exchange Ltd and the investing public of the resignation of its Chairman and non-Executive Director, Mr Remi Babalola. 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