FCMB Group Plc has announced the retirement of a director, Peter Obaseki, from its board.

In a notification filed by the firm at the Nigerian Stock Exchange, it said the board had accepted Obaseki’s retirement effective March 1 during its board of directors meeting held Friday, February 26.

At the meeting, the lender also approved the group’s Audited Financial Statements for the year ended December 31, 2020, as well as dividend payment, subject to the approval of the Central Bank of Nigeria.

Similarly, it also considered and approved the appointment of an unnamed independent non-executive director, subject to CBN’s nod.

Obaseki holds BSc and MSc in computer science as well as an MBA in finance from the University of Lagos. He has over 24-year working experience cutting across financial consulting and banking, according to his profile available on the website of the bank.

He commenced his working career with KPMG, Ani, Ogunde & Co and worked at a number of banks before joining First City Monument Bank Plc in 1997.

He was appointed an executive director of FCMB Group Plc in September 2008.  He also served as the Managing Director/CEO of FinBank Plc. He is currently the Managing Director/Chief Executive of FCMB Group Plc.

Obaseki is a fellow of the Chartered Institute of Bankers and has attended Columbia Business School, New York, leadership programme. He has served on the board of FITC and is a council member of the Chartered Institute of Bankers of Nigeria.

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