LAGOS RE-INTRODUCES MONTHLY ENVIRONMENTAL SANITATION EXERCISE. (PHOTOS). #PRESS RELEASE.

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 LAGOS RE-INTRODUCES MONTHLY ENVIRONMENTAL SANITATION EXERCISE …Governor, Deputy lead State officials to clean up Mushin corridor Lagos State Governor Babajide Sanwo-Olu, on Saturday, announced the re-introduction of the Monthly Environmental Sanitation in the State. The Governor said the exercise will hold every last Saturday of the Month between the hours of 6:30am and 8:30am but without movement restrictions. He stressed that the exercise would be monitored by State officials with appropriate sanctions to be meted out to erring neighbourhoods and markets. Sanwo-Olu made the pronouncement during a ceremony held in Olosa Bus Stop in Mushin which marked the symbolic flag-off of the monthly sanitation. The Governor, who led his Deputy, Dr. Obafemi Hamzat, and member of the State cabinet on the mission, said the culture of environmental responsibility must be imbibed by the residents across all communities in the state and reflect same in their lifestyle. He observed that environment...
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FIRST BANK APPOINTS FIVE NEW DIRECTORS AS OTEDOLA TAKES OVER. (PHOTO).

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 First Bank appoints five new directors as Otedola takes over


In a significant development, First Bank of Nigeria Holdings Plc (FBN Holdings) has appointed five new directors, with billionaire Femi Otedola assuming the role of Chairman.


The appointments were made known on Wednesday, signaling a notable shift in the leadership structure of the company.


According to the announcement made to the Nigerian Exchange Group by the company’s Secretary, Adewale Arogundade, two new non-executive directors were appointed for FBN Holdings, namely Olusola Adeeyo and Viswanathan Shankar. Adeeyo, a former banker and former Chairman of AXA Mansard Insurance Plc, brings a wealth of experience to the role.


Shankar, currently serving as the Chief Executive Officer of private equity investments firm Gateway Partners, previously held the position of CEO at Standard Chartered Plc.


Additionally, Remilekan Odunlami was appointed as a non-executive director for First Bank, while Anil Dua and Fatima Ali were appointed as independent non-executive directors. Odunlami, with prior experience as a Director at CitiBank Nigeria Limited and FirstBank, currently serves on the boards of Access Pensions Limited and Rand Merchant Bank Limited. Dua’s board affiliations include Dangote GSP Offshore FZE and Seychelles International Mercantile Banking Corporation, among others, while Ali, the founder of Santi Food and Beverage Limited, is actively involved in mental health charity initiatives.


The appointments of the five new directors are subject to the approval of the Central Bank of Nigeria (CBN), underscoring the regulatory compliance aspect of the process.


Otedola’s ascension to the role of Chairman follows the exit of Ahmad Abdullahi. Otedola, also the Chairman of Geregu Power, brings his extensive business acumen and experience to his new position. Recently ranked by Forbes as the 20th richest African with a fortune of $1.1 billion, Otedola was initially appointed to the Board of FBN Holdings Plc on August 15, 2023, as a Non-Executive Director.


The appointment of new directors and the change in leadership at FBN Holdings reflect the company’s commitment to effective governance and strategic management as it navigates the evolving financial landscape.

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