By Chinyere Joel-Nwokeoma Lagos, April 27, 2021 FBN Holdings Plc shareholders on Tuesday endorsed a total dividend of N16.15 billion declared for the financial year ended Dec. 31, 2020. The shareholders approved the dividend at the company’s ninth Annual General Meeting held by proxy and monitored live on YouTube by
Dr Adesola Adeduntan, Chief Executive Officer, FirstBank Nigeria Limited. The Central Bank of Nigeria (CBN), yesterday, sacked the boards of First Bank Nigeria Limited and its holding company, FBN Holdco, citing insider abuse and corporate governance breakdown as reasons. The apex bank also set up interim boards, reinstalling the ousted Managing Director/ Chief Executive, Dr. Sola Adeduntan. The interim board chairman of the bank, according to CBN, will be Tunde Hassan-Odukale. Other members of the bank subsidiary are Tokunbo Martins, Uche Nwokedi, Adekunle Sonola, Isioma Ogodazi, Ebenezer Olufowose, Ishaya Elijah Dodo, Gbenga Shobo, Remi Oni and Abdullahi Ibrahim. The board of the holding company is chaired by Remi Babalola while the managing director is U.K. Eke. Other members are Dr. Fatade Abiodun Oluwole, Kofo Dosekun, Remi Lasaki, Dr. Alimi Abdulrasaq, Ahmed Modibbo, Khalifa Imam and Peter Aliogo.
Shareholders of FCMB Group Plc have restated their confidence in the financial institution to sustain its impressive performance and deliver more value.
The shareholders gave the commendation at the eight Annual General Meeting (AGM) of the Group held Wednesday, in Lagos.
They also unanimously approved the payment of a dividend of N2.97 billion, translating to 15 kobo per ordinary share for the year ended December 31, 2020, as against 14 kobo per share the previous year.
The AGM was held virtually due the prevailing COVID-19 pandemic and streamed live to shareholders of the financial institution.
The FCMB Group is a holding company divided along three business groups: commercial and retail banking (First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited and FCMB Microfinance Bank Limited); Corporate & Investment Banking (The Corporate Banking Division of the Bank, FCMB Capital Markets Limited and CSL Stockbrokers Limited) and Investment Management (FCMB Pension
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Published 12:37 am
Shareholders of FCMB Group Plc have approved the payment of N2.97bn dividend, translating to 15 kobo per ordinary share for the year ended December 31, 2020, as against 14 kobo per share in 2019.
A statement from the bank titled ‘Shareholders applaud FCMB, approve dividend of N2.97bn at AGM’ said the shareholders gave the approval at the 8th annual general meeting of the group which held virtually on Wednesday.
Speaking at the meeting, the statement said the Co-ordinator of Independent Shareholders Association of Nigeria, Sir Sunny Nwosu, praised the institution for efficiently running its affairs and for the appreciable growth recorded in key operating areas.
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