The Central Bank of Nigeria (CBN) has accepted Alhaji Ahmad Abdullahi’s appointment as Chairman and non-executive Director of First Bank Holding Plc.
This comes after Mr. Remi Babalola, the company’s former Chairman, just resigned.
Mr Osita Nwanisobi, the CBN’s Director of Corporate Communications, revealed the apex bank’s approval of Alhaji Abdullahi on Friday evening.
According to him, CBN has been duly notified of Mr. Babalola’s resignation as Chairman of the company.
The CBN congratulated Alhaji Abdullahi on his appointment, even as it described the resignation of Babalola as “regrettable”.
Thanking Mr Babalola for his service, CBN spokesman acknowledged the strides recorded by the company under the watch of the outgoing chairman, as he wished him well in his future endeavours.
The CBN spokesman added that the apex bank remained committed to ensuring transparent governance practises at the bank and the continued independence of the chairman and other persons holding key governance positions.
He also stressed that the bank acknowledged that its regulatory interventions had made a positive impact and increased the attractiveness of the company to both local and foreign investors.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...
SPECIAL REPORT: Illegal miners degrade Ekiti community, engage in child labour
The activities of illegal miners in a community in Ekiti State have caused degradation of the environment, as miners engage...
SPECIAL REPORT: Inside the illegal trading of forest woods in Cross River community
“With a N20,000 bribe, an external buyer can influence the youth in host communities , Cross River State, to cut...