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Home Industries Company News

Ladi Balogun Steps Down As Bank CEO, To Become FCMB Group CEO

Onome Ohwovoriole by Onome Ohwovoriole
February 20, 2017
in Company News
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Zenith Bank Plc announces retirement of Non-Executive Directors

Wema Bank to begin N40 billion rights issue in August

  • In a statement to the Nigerian Stock Exchange (NSE), FCMB notified of its reorganization in its management that current MD/CEO Ladi Balogun, will be stepping down after being at the helm for ten years.
  • He is stepping down as a result of the CBN policy which limits bank MDs to a tenure of ten years. He will be replaced by Adam Nuru, Executive Director (ED) of development.
  • However, in keeping it in the family, will remain as Group CEO of FCMB Group effective March 20, 2017 and will be expected to continue calling the shots.
  • See Press release

 

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