{"id":122376,"date":"2021-12-17T20:40:56","date_gmt":"2021-12-17T19:40:56","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=122376"},"modified":"2021-12-17T20:51:10","modified_gmt":"2021-12-17T19:51:10","slug":"just-in-remi-babalola-resigns-as-chairman-of-fbn-holdings","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/12\/17\/just-in-remi-babalola-resigns-as-chairman-of-fbn-holdings\/","title":{"rendered":"JUST IN: Remi Babalola resigns as chairman of FBN Holdings"},"content":{"rendered":"

Two days after FBN Holdings confirmed significant investment by a Nigerian billionaire, Remi Babalola has resigned as chairman of board of directors of the company.<\/p>\n

Recall that\u00a0Babalola was appointed chairman, April 29, 2021, and has barely spent one year.<\/p>\n

According to industry sources, the company had informed regulators about the development.<\/p>\n

FBN<\/a> Holdings is the parent company of First Bank of Nigeria.<\/p>\n

Recall that some insider sources disclosed that Femi Otedola, billionaire businessman, acquired an additional 2.5 percent in\u00a0FBN Holdings Plc, becoming the single largest shareholder in the company.<\/p>\n

Based on this, the equity stake of Otedola is now 7.57 percent of the issued shares capital of FBNH.<\/p>\n

In a corporate filing on the Nigerian Exchange Limited (NGX) on Wednesday, FBN Holdings confirmed the deals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two days after FBN Holdings confirmed significant investment by a Nigerian billionaire, Remi Babalola has resigned as chairman of board of directors of the company. Recall that\u00a0Babalola was appointed chairman, April 29, 2021, and has barely spent one year. According to industry sources, the company had informed regulators about the development. FBN Holdings is the […]<\/p>\n","protected":false},"author":17,"featured_media":122378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[16587],"tags":[20531,15890,25350,25349],"class_list":["post-122376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-fbn-holdings","tag-femi-otedola","tag-nigerian-exchange-limited-ngx","tag-remi-babalola"],"yoast_head":"\nJUST IN: Remi Babalola resigns as chairman of FBN Holdings<\/title>\n<meta name=\"description\" content=\"Two days after FBN Holdings confirmed significant investment by a Nigerian billionaire, Remi Babalola has resigned as chairman of board of directors of the company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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