BABAJIDE OKEOWO
Shareholders of FBN Holdings Plc at its 7th Annual General Meeting in Lagos, have commended the board and management of the company for an improved FY 2018 result.
Various Shareholder Association leaders like Sunny Nwosu, Patrick Ajudua, Lawrence Ibitoye and Umar Farouk in their various remarks commended the Holding company for paying 26 kobo dividend amidst a challenging 2018 macro-economic environment.
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They tasked FBN Holdings to sustain the strategy of addressing its non-performing loan ratio, which had steadily fallen over the last three years.
The report of the External Auditors, Price Waterhouse Coopers (PwC), observed that “FBN Holdings kept proper books of account for its 2018 FY and the statement of financial position and that of profit or loss and other comprehensive income were in agreement with the books of account”.
Responding to shareholders the MD/CEO of First Bank Nigeria Dr Adesola Adeduntan assured that in the area of NPLs, the recovery efforts on all provisional accounts is in progress and recovery will be done.
