Usman Dantata, Ahmed Indimi, others appointed into FirstHoldCo’s non-bank subsidiaries
First HoldCo Plc recently appointed new board appointments across its non-commercial banking subsidiaries following regulatory approvals from the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM). This, according to corporate disclosure to the Nigerian Exchange, is part of efforts to deepen governance, strengthen oversight, and position the business for sustainable growth. The […]
First HoldCo Plc recently appointed new board appointments across its non-commercial banking subsidiaries following regulatory approvals from the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM).
This, according to corporate disclosure to the Nigerian Exchange, is part of efforts to deepen governance, strengthen oversight, and position the business for sustainable growth.
The new appointments are aimed at bringing seasoned professionals with wealth of experiences to the subsidiaries, aligning the Group with international best practices in corporate governance.
This infusion of leadership talents reflects the FirstHoldCo Board’s strategic and deliberate resolve to make these entities future-ready in both products and service offerings, the bank said.
For its insurance business, First Insurance Brokers celebrating its 25th anniversary last year has appointed Akinola Phillips as Chairman. He is joined by Ije Onejeme, Folukemi Akinmeji and Mojisola Cardozo.
At First Asset Management Limited, Ebikabo Williams has been appointed Chairman of the Board, bringing her extensive industry knowledge spanning banking, capital markets, and consulting.
She will be supported by equally experienced board members like Usman Dantata Jr., Binta Max Gbinije, and Alero Mobola Adollo.
The holding company said the appointments are expected to further consolidate the firm’s position as a dominant player in the asset and wealth management space in Nigeria.
In the First Asset Management Limited, Dantata’s appointment stood out. He is a seasoned business leader with over 20 years of cross-sector experience spanning marketing, banking, agriculture (with a focus on poultry), petroleum/energy supply, and global commodities trading.
He serves as Group Managing Director of Dantata Holdings Limited, a diversified conglomerate with interests in agriculture, food packaging, agro-allied manufacturing, and retail, including Anadariya Farms and Anadariya Retail and Distribution Company.
He was previously a key member of MRS Oil & Gas/Chevron West Africa’s downstream marketing and petroleum trading team.
The Chairman of the new board of First Asset Management began her career in banking, gaining over 14 years of extensive experience in Corporate and Commercial Banking while working with several international banks. After serving as Vice President at Citibank, she transitioned into entrepreneurship by founding a high-end real estate development and management company.
Similarly, Yewande Amusan was appointed Chairman At FirstCap Limited.
She is described as an accomplished finance professional with experience cutting across both public and private sectors.
Ahmed Indimi and Irene Akpofure were appointed along with Adenike Kuti and Zeal Akaraiwe.
First Securities Brokers Limited, which recently emerged as one of the top performers in the Nigerian Exchange Limited’s (NGX) Brokers Performance Report in terms of both trading volume and transaction value, has named John Akpeki as Chairman.
Akpeki is joined by Omolara Adeyemi, Susan Younis and Kemi Andu-Alausa.
Similarly, First Trustees Limited, one of the Group’s long-standing subsidiaries in trust and estate management, has strengthened its governance structure with the appointment of John Lee as its Chairman.
He has over 40 years’ experience in global financial services, specialising in Corporate & Institutional Banking and Wealth Management across Africa. The other members of the board who are bringing their combined rich wealth of experience are Abiola Alabi, Adebisi Sola-Adeyemi, and Ugochukwu Obi-Chukwu.
Commenting on the appointments, Group Chairman of First HoldCo Plc, Mr. Femi Otedola, said: “Their proven expertise, impeccable track records, and leadership will play a critical role in shaping the next phase of our growth, enhancing stakeholder value, and reinforcing our position as a trusted African leader delivering innovative solutions across diverse sectors.”