Connect with us

Hi, what are you looking for?


Remi Babalola resigns from FBN Holdings as chairman


Touchaheart blog reports that Remi Babalola, who in April was appointed chairman of FBN Holdings Plc by the Central Bank of Nigeria, following the abrupt exit of his predecessor Oba Otudeko, has given up the top board role at the financial services group.

Although no official announcement has yet been made, including from the Nigerian Exchange Limited, sources informed about the case told Touchaheart.

The exit of Mr Babalola, who was Nigeria’s Minister of State for Finance once upon a time, is coming at a time a new biggest shareholder has just emerged at the holdco in the person of billionaire mogul Femi Otedola.

Mr Otedola said he has no interest in any board position in both the group and its subsidiaries but it is probable that he will be appointing someone onto the holdco’s board.

Mr Babalola was formerly an executive director of FBN Holdings commercial banking arm FirstBank of Nigeria Limited, with his broad experience spanning consulting, auditing, training and banking.

His career began at the consultancy PricewaterhouseCoopers before he moved to American holding company Arthur Andersen and then Zenith Bank, variously serving as chief strategist, financial controller and general manager at the lender.

An agricultural economics graduate from University of Ibadan, he is a fellow of the Institute of Chartered Accountants of Nigeria, the Chartered Institute of Taxation of Nigeria, and the Institute of Directors of Nigeria.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Touchaheart – Senator Kashim Shettima, vice presidential candidate for the ruling APC party, has ignited a firestorm of debate with his recent statements implicating...


Touchaheart – Peter Obi, the Labour Party’s Presidential Candidate for the 2023 elections, has warned the Federal Government that its inconsistent and arbitrary custom...


  Touchaheart Nigeria reports that the Lagos State Government has officially lifted the ban on the operations of the Road Transport Employers’ Association of...

Press Release

When I came back to Lagos during one of the holiday breaks, one of my father’s friends told my dad, “Mr. Jimoh, you have...