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Olufowose Becomes First Bank Chairman As Hassan-Odukale Completes Tenure


The chairman of First Bank of Nigeria Limited, Mr. Tunde Hassan-Odukale has completed his tenure.

This is as Ebenezer Olufowose became the new chairman of the Board of Directors of the Bank.

FBN Holdings Plc made this known in a noticed signed by its acting company secretary, Adewale Arogundade to the Nigerian Exchange Limited.

It stated that the tenure of the chairman of its flagship subsidiary, First Bank of Nigeria Limited, Mr. Tunde Hassan-Odukale completed, saying this follows the completion of the cumulative number of years, which Is 12 years for a non-executive director, in line with the Central Bank of Nigeria’s Corporate Governance Guidelines.

It added that “consequently, the Board of First Bank has appointed Mr. Ebenezer Olufowose, a non-executive director, as the new chairman of the Board of Directors of First Bank of Nigeria Limited.”

FBNH stated that “Ebenezer Olufowose was appointed to the Board of Directors of First Bank of Nigeria Limited on April 29, 2021. He is the Group managing director of First Ally Capital Limited, an investment banking firm based in Lagos.

“ With over 36 years of working in the financial services industry, Ebenezer brings skills from Corporate Finance, Project Finance and Investment Banking to the Board.

“Before joining the FirstBank Board, he was Executive Director at Access Bank Pic and Citibank Nigeria, where he led Citigroup’s origination, structuring and execution of corporate finance and investment banking transactions in Nigeria.

“He started his banking career in 1985 at NAL Merchant Bank Plc (NAL), working In the Corporate Planning and Finance Departments.”

It further said Olufowose, a first-class honours degree holder in Economics from the University of Lagos, Ebenezer holds an MA in International Economics from the University of Sussex, England.

“He has attended several management and leadership training programmes at leading institutions, including the Institute of Management Development, Switzerland, Harvard Business School, Boston, USA, and INSEAD Singapore.

“He is an Alumnus of the Harvard Business School and the Lagos Business School, an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria, a Fellow of the Institute of Credit Administration and a Fellow of the Association of Investment Advisers and Portfolio Managers.”

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