<p>The Group Board Chairman of FBN Holdings Plc,
Dr. Oba Otudeko CFR and Directors of FBN Holdings, FirstBank of Nigeria Limited
and FBN Bank Ghana Limited have paid a courtesy call on the President of the
Republic of Ghana, Nana Addo Dankwa-Akufo-Addo in Accra, reinstating the bank’s
commitment to the growth of Ghana’s economy..</p>



<p>A statement from the bank,  ;signed by Kehinde Taiwo, Media and External
Relations, states that the visit was to show appreciation to the President and thank
him for participating in FirstBank of Nigeria Limited’s 125th anniversary activities
held earlier this year and update the President of some recent investment activities
of the Group.</p>



<p>Dr. Otudeko assured President Akufo-Addo that
FBNHoldings believes in the Ghanaian economy and indicated that it was evidenced
by the recapitalization of FBNBank Ghana by its parent bank, First Bank of
Nigeria Limited. He pointed out that the Group’s investment of
US$100 million was well above the new minimum capital requirement set by the
Bank of Ghana into its Ghana operation.</p>



<p>The FBN Holdings Group Board Chairman added
that the bank’s confidence in the Ghanaian economy and the talent of Ghanaians had
resulted in the appointment of Victor Yaw Asante as the first Ghanaian Managing
Director of FBNBank Ghana Limited. Dr. Otudeko lauded the President of Ghana for
giving the youth opportunities to serve in his government, saying it will
prepare them to take over the leadership of Ghana in the near future. </p>



<p>He congratulated the President on the choice of Ghana as host of the Africa Continental Free Trade Agreement, saying that it must have taken significant effort to bring this to Ghana. President Nana Addo Dankwa Akufo-Addo thanked Dr. Otudeko for his kind words and recounted the crucial bilateral and economic ties as well as historic bond, pre and post-independence, that exist between Ghana and Nigeria. </p>



<p>While stating that it is important for the
economies of both Ghana and Nigeria to do well for ECOWAS to succeed, the
President thanked FBN Holdings Plc for investing in Ghana and gave the
assurance that government will provide the necessary support to FBNBank Ghana
Limited and the entire business community. The President also touched on the banking
sector reforms and observed that Nigeria also had to embark on a similar
exercise in the recent past. He said it was a painful but necessary exercise to
strengthen the financial services industry and position it to support business
and the economy. </p>



<p>President Akufo-Addo emphasized the importance of providing opportunities to the youth to enable them support the nation’s growth and development agenda and the need for all citizens of the two countries to find avenues to give back to their nations. Members of the delegation pledged, on behalf of FBN Holdings Plc and FBNBank Ghana, their commitment to helping build a stronger Ghanaian economy, as well as forging stronger economic ties between citizens and businesses of Ghana and Nigeria. </p>



<p>The FBN Holdings Group Board Chairman, Dr.
Oba Otudeko, CFR, was accompanied by Mrs. Ibukun Awosika, Chairman, Board of
Directors, First Bank of Nigeria Limited; Mr. U. K. Eke, MFR, Group Managing
Director, FBN Holdings Plc.; Dr. Adesola Adeduntan, Chief Executive Officer,
First Bank of Nigeria Limited; Otunba (Mrs.) Debola Osibogun, Non-Executive
Director, FBNHoldings; Dr. Hamza WuroBokki, Non-Executive Director, FBN
Holdings, and Mr. Victor Yaw Asante, Managing Director, FBNBank Ghana Limited.</p>



<p>FBN Holdings Plc is the most diversified
financial services group in Nigeria and includes FirstBank of Nigeria Ltd the
mother company of FBNBank Ghana and other subsidiaries around the world.</p>

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