First HoldCo board appointments follow SEC and NAICOM approvals to strengthen governance and position its non-bank subsidiaries for sustainable growth

First HoldCo Plc Group Chairman Mr. Femi Otedola on Monday announced the First HoldCo board appointments across the company’s non-commercial banking subsidiaries following regulatory approvals from the Securities and Exchange Commission and the National Insurance Commission.

Also read: Otedola, Calvado acquire First HoldCo shares worth N2bn

The appointments form part of the group’s strategic efforts to deepen governance, strengthen oversight, and position its businesses for sustainable long-term growth.

At First Asset Management Limited, Mrs. Ebikabo Williams was appointed Chairman of the Board, bringing extensive expertise in banking, capital markets, and consulting.

She will be supported by Mr. Usman Dantata Jr., Mrs. Binta Max Gbinije, and Mrs. Alero Mobola Adollo.

At FirstCap Limited, Mrs. Yewande Amusan was named Chairman.

She is an accomplished finance professional with experience across both public and private sectors.

Her fellow board members include Mr. Ahmed Indimi, Mrs. Irene Akpofure, Mrs. Adenike Kuti, and Mr. Zeal Akaraiwe.

First Securities Brokers Limited, which recently emerged as the top performer in the Nigerian Exchange Brokers Performance Report in both trading volume and transaction value, appointed Mr. John Akpeki as Chairman.

He will leverage his experience in global marketing and networking alongside Mrs. Omolara Adeyemi, Mrs. Susan Younis, and Mrs. Kemi Andu-Alausa.

First Trustees Limited strengthened its governance structure with the appointment of Mr. John Lee as Chairman.

Mr. Lee brings over 40 years of experience in corporate and institutional banking and wealth management across Africa.

He will serve with Mrs. Abiola Alabi, Mrs. Adebisi Sola-Adeyemi, and Mr. Ugochukwu Obi-Chukwu.

For its insurance business, First Insurance Brokers, which celebrated its 25th anniversary last year, appointed Mr. Akinola Phillips as Chairman.

He is joined by Mrs. Ije Onejeme, Mrs. Folukemi Akinmeji, and Mrs. Mojisola Cardozo.

Mr. Otedola said the appointments reflected a strategic commitment to building resilient institutions with strong leadership.

Also read: First HoldCo 2025 half-year results show strong interest income growth despite profit dip

He added that the new board members would play a pivotal role in shaping the group’s next phase of growth, enhancing stakeholder value, and reinforcing its position as a trusted African leader delivering innovative solutions across multiple sectors.