Shareholders of FBN Holdings Plc have approved the payment of a 50 Kobo dividend and the raising of N150 billion in capital via a rights issue.
Despite controversies that surrounded its 11th Annual General Meeting (AGM), the virtual meeting was held on Tuesday.
Shareholders also approved all resolutions, including the approval of the audited financial statements and accounts for the year ended December 31, 2022, payment of a dividend per share of N0.50 kobo, and all other ordinary businesses.
This is as they announced the appointment of billionaire, Mr. Femi Otedola and Oyewale Ariyibi to the board as Non-Executive Director and Executive Director, respectively, at FBN Holdings.
“We welcome the two directors as members of the board and we are sure that the Chairman of Geregu Power Plc, Femi Otedola would bring his wealth of experience to grow the bank. I appeal that the management should settle the dispute within the bank with all parties involved to move our bank forward,” the President of the Pragmatic Shareholders Association of Nigeria, Mrs. Bisi Bakare, said.
Meanwhile, the Chairman of the company, Alhaji Ahmad Abdullah, restated their commitment to continuously innovate and leverage opportunities to build on its customer-centric services.
He added that the group will leverage best-in-class training and development programs for upskilling and reskilling members of staff to enhance professional competence, drive innovation and boost overall corporate agility.
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