Ebenezer Olufowose takes over from Tunde Odukale as chairman of First Bank

FBN Holdings has appointed Ebenezer Olufowose as the chairman of the board of directors of First Bank of Nigeria.

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

The company disclosed this in a corporate filing on the Nigerian Exchange Limited (NGX) on Thursday.

Olufowose’s appointment comes after the completion of Tunde Odukale’s 12-year tenure as non-executive director, in line with the Central Bank of Nigeria’s (CBN) corporate governance guidelines.

According to FBN Holdings, Olufowose was appointed to the board of directors on April 21, 2021.

“He is the group managing director of First Ally Capital Limited, an investment banking Firm based in Lagos,” FBN Holdings said.

“With over 36 years of experience working in the financial services industry.

“Before joining the First Bank board, he was Executive Director at Access Bank Plc 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 at the NAL Merchant Bank Plc (NAL) in 1985 and graduated with first-class honours in economics from the University of Lagos.”

Olufowose also holds a masters in Arts (M.A.) in International Economics from the University of Sussex, England, and is an Alumnus of Harvard Business School, and Lagos Business School.

On  January 31, Femi Otedola, the billionaire businessman and investor, was appointed as the new chairman of the board of directors at FBN Holdings.