First HoldCo makes new board appointments in non-banking subsidiaries

First HoldCo Plc has announced new board appointments across its non-commercial banking subsidiaries, as part of measures to strengthen governance, deepen oversight, and position the businesses for sustainable growth.

First HoldCo, in a statement issued on Sunday, January 11, 2026, said the appointments followed regulatory approvals from the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM).

The company said the board changes are aimed at injecting experienced professionals into the subsidiaries and aligning operations with international best practices in corporate governance.

It stated that the leadership refresh reflects the First HoldCo Board’s strategic resolve to make its non-banking businesses future-ready in both product offerings and service delivery.

At First Asset Management Limited, Ebikabo Williams was appointed chairman of the board, bringing extensive experience in banking, capital markets and consulting.

She will be supported by board members including Usman Dantata Jr., Binta Gbinije and Alero Adollo.

At FirstCap Limited, Yewande Amusan was appointed chairman, alongside Ahmed Indimi, Irene Akpofure, Adenike Kuti, and Zeal Akaraiwe as board members.

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First Securities Brokers Limited appointed John Akpeki as chairman, with Omolara Adeyemi, Susan Younis, and Kemi Andu-Alausa joining the board.

First Trustees Limited named John Lee as chairman, alongside Abiola Alabi, Adebisi Sola-Adeyemi, and Ugochukwu Obi-Chukwu as board members.

For its insurance business, First Insurance Brokers appointed Akinola Phillips as chairman, alongside Ije Onejeme, Folukemi Akinmeji, and Mojisola Cardozo.

Speakin on the appointments, the Group Chairman of First HoldCo Plc, Femi Otedola, said the group was delighted to welcome seasoned professionals to the boards of its non-commercial banking subsidiaries.

Otedola said their expertise, track records, and leadership would play a critical role in shaping the next phase of the company’s growth as a trusted African leader delivering innovative solutions across diverse sectors.

“These appointments reaffirm our commitment to building resilient businesses that contribute meaningfully to economic development in the broader ecosystem in which we operate,” the business mogul added.

The Star