WATCH THE VIDEO HERE FBN Holdings says it is taking all necessary steps to safeguard the interests of the company and its subsidiaries. This comes in response to reports of a group of shareholders formally requesting an Extraordinary General Meeting (EGM) aimed at removing FBN Chairman Femi Otedola and Julius B. Omodayo-Owotuga, a Non-executive/Deputy Chief Executive of Geregu Power Plc. In a statement obtained by Naijaonpoint on Thursday, FBN Holdings said that the ongoing situation does not affect the operations of the company. “This matter does not in any way impact the operations of the Company, and all the businesses within the Group continue to provide uninterrupted services to its customers,” it stated. The bank said it is committed to its valued customers, shareholders, investors, other stakeholders, and the general public, assuring them that every necessary step is being taken to protect the interests of the company and its subsidiaries. However, FBNHoldings reiterated its commitment to corporate governance, stating, “The Registrar and Lead Issuing House are collating the returns from all receiving agents in respect of the Company’s Rights Issue which closed on December 30, 2024.” It reaffirmed that FBNHoldings and its subsidiaries remain dedicated to the highest level of corporate governance.
FBN Holdings takes steps to safeguard company interests amid EGM demand reports
