FBN Holdings appoints Okonkwo new Group Managing Director as U.K Eke bows out

The Board of FBN Holdings Group, parent company of First Bank Nig. Ltd, has appointed the immediate past Managing Director of Fidelity Bank Plc., Mr Nnamdi Okonkwo as its Group Managing Director.

Okonkwo’s appointment which takes effect from January 1, 2022, follows the retirement of Mr. U.K. Eke, who has completed his two-term tenure and tendered his notice of retirement on August 10, 2021.

According to a statement made available to Persecondnews on Thursday, Eke’s retirement followed a 35-year career in financial services, strategy, auditing, consulting, taxation, process re-engineering and capital market operations.

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“Eke’s retirement takes effect at the end of the current Financial Year on December 31, 2021.

“He has spent nearly 11 years in the FBN Holdings Group, serving meritoriously in the last six years as Group Managing Director,” the statement said.

In the same vein, the Board also announced the renewal of the appointments of Dr. Adesola Adeduntan and Mr. Gbenga Shobo as the Managing Director and Deputy Managing Director of First Bank respectively for another term.

“Okonkwo, the immediate past Chief Executive Officer of Fidelity Bank Plc, brings to bear on the Board of FBN Holdings Group more than 30 years unbroken banking career spanning local and international experience.

“He has a wealth of experience in transformational leadership, business strategy development and visioning, innovative corporate governance and risk management.

“He has led the transformation of banks, with the most recent being Fidelity Bank, where he led the management team for seven years to achieve remarkable results culminating in tripling profit and shareholder value,” it said.