Keep up with the latest news and be part of our weekly giveaways and airtime sharing; follow our WhatsApp channel for more updates. Click to Follow us

FBN Holdings Plc has responded to calls for an extraordinary general meeting (EGM) and the removal of Femi Otedola as chairman, stating that the issue does not affect the company’s operations or it’s subsidiaries.

In a statement signed by Company Secretary Adewale Arogundade, FBN Holdings reassured customers, shareholders, investors, and the general public that it’s businesses will continue to deliver seamless and uninterrupted services.

The company reiterated it’s commitment to protecting the interests of all stakeholders and taking necessary measures to safeguard it’s operations. FBN Holdings highlighted its strong financial performance, which has led to an increase in market capitalization, and affirmed it’s readiness to surpass regulatory minimum capital requirements well before the deadline.

Regarding the call for an EGM, FBN Holdings stated that the matter does not impact the company’s operations, and all businesses within the group continue to provide uninterrupted services to customers.

“The attention of FBN Holdings has been drawn to a media publication on the call for EGM by two of the company’s shareholders. 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 it’s customers,” the statement read.

“We assure our valued customers, shareholders, investors, other stakeholders, and the general public that we are taking all necessary steps to protect the interests of the company and it’s subsidiaries. The group’s performance continues to improve, resulting in a higher market capitalisation even as we work towards surpassing the regulatory minimum capital well ahead of the deadline.”

The company also provided an update on it’s rights issue, which closed on December 30, 2024, stating that the registrars and lead issuing house are collating returns from all receiving agents.

FBN Holdings reaffirmed it’s commitment to the highest level of corporate governance and assured stakeholders that the company and it’s subsidiaries remain stable and operational.

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post.