By Akinsuroju Olubunmi
Olufowose takes over from Hassan-Odukale as First Bank Chairman
FBN Holdings Plc has announced the departure of Mr Tunde Hassan-Odukale as Chairman of its subsidiary, First Bank of Nigeria Ltd., following the completion of his tenure. The Board of First Bank has appointed Mr Ebenezer Olufowose, a Non-Executive Director, as the new Chairman of the Board of Directors.
According to Mr Adewale Arogundade, Company Secretary of FBN Holdings, Hassan-Odukale concluded his 12-year term as a Non-Executive Director, in accordance with the Central Bank of Nigeria’s corporate governance guidelines. Olufowose joined the First Bank Board of Directors on April 29, 2021.
Olufowose, who serves as the Group Managing Director of First Ally Capital Ltd., brings over 35 years of experience in the financial services industry to the board. He began his banking career at NAL Merchant Bank Plc in 1985 and holds a first-class honors degree in Economics from the University of Lagos, along with an MA in International Economics from the University of Sussex, England.
He has participated in numerous management and leadership training programs at prestigious institutions such as the Institute of Management Development in Switzerland, Harvard Business School in Boston, U.S., and INSEAD Singapore. Olufowose is an alumnus of the Harvard Business School and the Lagos Business School, as well as an Honorary Senior member of the Chartered Institute of Bankers of Nigeria.
Additionally, he is a Fellow of the Institute of Credit Administration and a Fellow of the Association of Investment Advisers and Portfolio Managers.
First Bank, Chairman, Olufowose takes over from