- FBN Holdings Plc has reaffirmed its commitment to good corporate governance amid calls for an Extraordinary General Meeting (EGM).
- The company assures stakeholders that its operations will not be impacted and that it will protect their interests.
- FBN Holdings is working to surpass the regulatory minimum capital requirement ahead of the deadline.
FBN Holdings Plc has reiterated its commitment to good corporate governance, despite receiving a call for an Extraordinary General Meeting (EGM) from two of its shareholders. The company’s Secretary, Adewale Arogundade, stated that the matter will not affect the company’s operations or its subsidiaries, which will continue to provide uninterrupted services to customers.
Objectives of FBN Holdings
FBN Holdings aims to protect the interests of its stakeholders, improve its performance, and surpass the regulatory minimum capital requirement ahead of the deadline.
Reactions from Shareholders’ Groups
Chairman of the New Dimension Shareholders Association of Nigeria (NDSAN), Patrick Ajudua, emphasized the need for an amicable settlement of disputes in the overall interest of the bank. He believes the regulator should ensure strict adherence to rules and laws to prevent the bank’s collapse ยน.
Moses Igbrude, National Coordinator of the Independent Shareholders Association of Nigeria (ISAN), noted that First Bank is a unique and strategic institution with systemic importance to Nigeria’s economy.
