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Home Companies 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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  • 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

 

Tags: fcmb
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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