Remi Babalola resigns as chairman of FBN Holdings

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Remi Babalola has resigned as chairman, board of directors of FBN Holdings, two days after the company confirmed significant investment by Femi Otedola, a Nigerian billionaire.

Babalola was appointed chairman, April 29, 2021, and has barely spent one year.

Industry sources said the company had informed regulators about the development.

FBN Holdings is the parent company of First Bank of Nigeria.



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