The Board First City Monument Bank (FCMB) Group on Friday approved the bank’s Audited Financial statements for the year ended December 31, 2020, as a member of its board, Peter Obaseki retires, effective from March 1st, 2021.
These developments emerged after the meeting of the Board held on Friday, according to Olufumilayo Adebibu, the company Secretary.
“At the Board of Directors’ meeting of FCMB Group Plc held today Friday, February 26, 2021, the board approved the group’s Audited Financial statements for the year ended December 31, 2020. As well as payment of dividends subject to the approval of the Central Bank of Nigeria (CBN).”
FCMB also disclosed that the board also approved the appointment of an Independent Non-executive director, subject to the CBN approval. It however, did not give the name of the new board appointee.
” The Board also considered and approved the appointment of an Independent Non exclusive Democrat, subject to the CBN approval. The retirement of Peter Obaseki from the Board of the company effective March 1st, 2021 was also accepted by the Board.”
It also added,”Details of the results and the dividends payment, as well as related corporate actions shall be to the exchange upon obtaining approval of the CBN.”
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