As Remi Babalola Resigns as Chairman
No respite yet for FBN Holdings Plc as Remi Babalola, resigned yesterday as the chairman of the Board of Directors set up by the Central Bank of Nigeria (CBN).
Investigations reveal that this was not unrelated to his concerns over the corporate governance of the legacy institution under the regulatory structure; and the recent developments around ownership and shareholding and its handling.
This development has prompted some analysts to raise alarm and has become the tipping point to concerns that had festered over issues related to decision-making and the “mission creep” that emerged after the takeover .
