First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mr. Abdullahi Ibrahim as an Executive Director. Prior to this appointment, Abdullahi was the Bank’s Group Executive, Retail Banking North.
Mr. Ibrahim’s appointment is in sync with FirstBank’s strong corporate governance credentials and best practice, ensuring that there is balance of knowledge, judgment and experience at the highest decision making organ of the Bank. This corporate governance posture has won the Bank much respect and recognition both locally and internationally.
Abdullahi Ibrahim was appointed Group Executive, Retail Banking North in January 2016. He was previously Group Executive, Technology and Services overseeing the Bank’s Information Technology and Services Functions. He also served as Group Executive Retail banking North from December 2012 up until his appointment as Group Executive, Technology and Services. He was the pioneer Group Head, Manufacturing Group in the erstwhile Institutional Banking Group of the Bank.
He had served as Business Development Manager in the Bank with responsibilities across Consumer, Retail, Commercial and wholesale banking segments, as well as the Group Head, Multinationals in the erstwhile Corporate Banking Directorate. Abdullah’s banking experience spans over 25 years and cuts across investment, wholesale and commercial banking as well as banking operations. His proven ingenuity in these areas is brought to bear on the Bank’s Retail Banking services.
Prior to joining FirstBank, he was Area Manager and subsequently Group Head, Telecommunications, Information Technology and Transport Group in Corporate Banking at the then NAL Merchant Bank. He also worked at United Bank Africa where he left in 2001 as a Senior Manager in Corporate and Consumer Banking. Abdullahi is an Honorary Senior Member, Chartered Institute of Bankers of Nigeria (HCIB) and an Alumni of Lagos Business School (Advanced Management Program). He is also a member of the Institute of Directors (IoD). He is married with children and loves reading, photography and horse riding
Managing Director/Chief Executive Officer of First Bank of Nigeria Limited and Subsidiaries, Dr. Adesola Adeduntan stated that the appointment of Abdullahi embodies the rich succession planning tradition which the Bank is known for and the strict adherence to corporate governance in its Board appointments. “Abdullahi has been an integral part of the Bank’s success story through the years and I am confident that his appointment will further strengthen and position the Bank in realizing its ongoing growth strategy”.
Group Head, Marketing & Corporate Communications.
Note to Editors:
First Bank of Nigeria Limited (FirstBank), a subsidiary of FBN Holdings Plc, is Nigeria’s most valuable banking brand and leading financial services institution by total assets and gross earnings and one of the largest corporate and retail banking financial institutions in sub-Saharan Africa (excluding South Africa). Since its establishment in 1894, the Bank has consistently built relationships with customers focusing on fundamentals of good corporate governance, strong liquidity, risk management and strong capitalization.
FirstBank operates an extensive distribution network with over 750 business locations (623 branches, 61 quick service points and 69 cash centers/agencies), over 2,500 ATM’s and over 9 million customer accounts. The Bank provides a comprehensive range of financial services and has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DR Congo, FBNBank in Ghana, Gambia, Guinea, Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.
FirstBank is the recipient of many awards. The Bank has been named “The Best Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015 and 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group. FirstBank’s brand purpose is to always put its stakeholders, customers and partners at the heart of its business, even as it is poised to standardize customer experience and excellence in financial solutions across Sub Saharan Africa, in consonance with its brand vision “To be the partner of first choice in building your future”. The brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on the FirstBank’s inherent values of passion, partnership and people, to position its customers first in every respect.
For five consecutive years, 2012, 2013, 2014, 2015, and 2016 FirstBank was named the “Best Retail Bank in Nigeria” by the Asian Banker International Excellence in Retail Financial Services Awards. Other recent awards include the “Best Bank in Nigeria” in the Euromoney Awards for Excellence, “Best Bank in West Africa” and “Most Innovative Bank in Africa” in the African Banker Awards, “Best Bank in Nigeria” in the EMEA Finance African Banking Awards for the fourth time, “Best Foreign Exchange Services in Africa” in the EMEA Finance Treasury Services Awards, “Best Banking Group in Nigeria” by World Finance Banking Awards, and “Best Financial Reporting Company” by Africa Investor.