Amid the tsunami that hit First Bank of Nigeria Limited and its parent company, FBN Holdings Plc, and appointment of new directors, the group has reassured stakeholders and the investing community of its commitment to unhindered services.
FBN Holdings gave the assurance in a statement signed on Friday by the Company Secretary, Seye Kosoko,. He used the medium to register the bank’s acceptance of recent developments at the bank.
It said, “We wish to confirm that the bank and the holding company are both cooperating with the Central Bank of Nigeria and other regulators, while the operations of the bank and the Holdco are not hampered or hindered, but are, in fact, running smoothly.
“We wish to reassure the investing public, our esteemed customers and other stakeholders in the words the CBN governor used to conclude his press conference on April 29, 2021.”
The apex bank had, on Thursday, stated, “The CBN hereby reassures the depositors, creditors and other stakeholders of the bank of its commitment to ensuring the stability of the financial system. There is, therefore, no cause for panic among the banking public, given that the actions being taken are meant to strengthen the bank and position it as a banking industry giant.”
The group also leveraged the happenings to advise investors that it was aware of its responsibilities to shareholders and would work to discharge those responsibilities in the manner expected of a company listed on the Premium Board of Nigerian Exchange Limited.
The statement further read, “In accordance with the Nigerian Exchange Limited Rule Book, we hereby notify the NGX and the investing public of recent developments in FBN Holdings Plc and First Bank of Nigeria Limited.
“Further to the press conference held by the CBN Governor, Godwin Emefiele, on Thursday, April 29, 2021, the boards of FBN Holdings Plc and First Bank of Nigeria Limited were dissolved and new boards reconstituted, pursuant to the powers vested in the CBN as the primary regulator of both companies.”
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