Nigerians react as Femi Otedola gets appointed the New Chairman of FBN Holdings PLC

Many of the privileges I enjoy are due to my father's sweat - DJ Cuppy affirms

Social media users are reacting to the recent appointment of billionaire Femi Otedola as the new Chairman of FBN Holdings PLC (the parent company of First Bank of Nigeria).

According to sources, the change of office occurred during a recent meeting of the Group’s Board of Directors in Lagos on Wednesday, January 31st.

Femi Otedola, the father of a famous disc jockey, will succeed Ahmad Abdullahi. Prior to his appointment, Otedola was the financial institution’s largest and sole substantial shareholder, with a 5.6 percent interest.

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His appointment will be effective January 31st, 2024.


The news has left many talking as they congratulated the businessman on his new achievement.

One Bezoyello Salon wrote, “Congratulations papa Florence

One Armani Jayson wrote, “As it should be. If you know the time he bought shares from them then you’ll understand

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One I Am Bmodel wrote, “The rich keep getting richer. Congratulations Dangote’s bestie

One Nohpheesat wrote, “So na my money Cuppy dey use toast Lerry

One Favorite Emporium wrote, “Congratulations to him. I trust he will do a good job

One Richy Billy wrote, “The rich are getting richer and all the Emilokans are still standing on their mandates

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One Rodeo Mr wrote, “Big men doing big things. Congrats Mr Forte

One Mikky Torino wrote, “He is appointed to save the bank”.



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