FBN Holdings PLC (“FBNHoldings), Nigeria’s leading financial
holdings company, has announced the appointments of Mr. Seni Adetu and
Mrs. Juliet Anammah as Independent Non-Executive directors, while Mr.
Otu Hughes has been appointed as a Non-Executive director. These
appointments are subject to the approval of the Central Bank of Nigeria
Speaking on the appointments, the Group Chairman of FBN Holdings Plc,
Dr. Oba Otudeko, CFR, said, “On behalf of the board, management and
staff of FBNHoldings, I am delighted to welcome the trio of Seni Adetu,
Mrs. Juliet Anammah and Otu Hughes to the FBNHoldings board as they
bring on board their combined professional experience and expertise of
over 97 years, cutting across various industries and institutions of
“I am certain that these rich experiences will have immediate and
long-term impact on the group and its subsidiaries across Africa and
beyond,” he added further.
Seni Adetu, a former Managing Director/CEO Guinness Nigeria Plc, has 35
years of private sector experience garnered at the highest levels
primarily with John Holt Plc, Coca-Cola International and Diageo
(Guinness) Plc in various countries within and outside Africa. He holds
a first degree in Chemical Engineering and Masters in Business
Administration (with specialization in Marketing), both from the
University of Lagos. Adetu was at various times Marketing Director,
Coca-Cola Nigeria Ltd, Managing Director of Coca-Cola, and the first
African Managing Director/CEO and Executive Vice Chairman of Guinness
In 2009, Adetu was appointed Group Managing Director/CEO East African
Breweries (EABL), the biggest company in East Africa, based in Kenya,
during which time he was named Runner-up Forbes/CNBC CEO of the Year
2012 in East Africa. He was subsequently appointed MD/CEO of Guinness
Nigeria Plc and Executive Chairman Diageo Brands Nigeria thus, again
becoming the first Nigerian in nearly 20 years to lead that company.
Adetu has had working stints in Hungary and the UK and has been exposed
to various high-profile leadership courses globally including at the
prestigious Harvard Business School.
He has served on the boards of various multinational companies in both
Executive and Non-Executive capacity in Nigeria and abroad and was until
recently an Independent Non-Executive Director on the Board of Fidelity
Bank Plc and Non-Executive Director at APT Pensions Ltd among others.
Adetu is the Founder/Group CEO of Algorithm Media Limited and Ogilvy
Nigeria Limited, two leading Marketing Communications agencies in
Nigeria, in partnership with WPP, the world’s largest advertising and
media agency network. He is a member of many reputable social clubs
including the Metropolitan Club Lagos. He is also the immediate past
National Vice President of the University of Lagos Alumni Association.
Juliet Anammah is Chairwoman Jumia Nigeria & Head of Institutional
Affairs Jumia Group. Jumia is the largest eCommerce platform in Africa
and the first African Tech start-up to be listed on the NYSE
She is an experienced executive with 28+ years of professional
experience including 7 + years at Partner / Chief Executive level.
Before her current role, she was the CEO of Jumia Nigeria. Prior to
joining Jumia, Juliet spent 16 years at Accenture and was the Partner
managing Accenture’s Consumer Goods Practice in West Africa.
A Pharmacist by training, she started her career in Sales & Marketing
with May and Baker (Sanofi-Aventis) in 1991 before joining Accenture as
a Senior Strategy Consultant in 1999.
Juliet also serves on Corporate and non-profit Boards in a non-executive
capacity. She is currently on the Boards of Flour Mills of Nigeria and
APT Pensions as Independent non-executive member. She is also an EXCO
member of Consultative Action Group for the Poor (CGAP) a not for profit
agency funded by the World Bank, Bill and Melinda Gates Foundation and
several Bilaterial/ Multilateral agencies.
She holds a Bachelor of Pharmacy degree, an MBA (Finance track) and is
an alumnus of both Wharton College University of Pennsylvania (AMP) and
Otu Hughes has over 25 years’ experience in operations and strategy,
principal investment, mergers and acquisition as well as capital raising
in both the US and Sub-Saharan Africa. He started his career in 1993
with Lehman Brothers, providing strategic and financial advisory
services to government entities and companies in privatisation and
empowerment issues, notably Brazil (power and mining), Ghana (mining),
South Africa (empowerment programmes), amongst others.
Otu joined Deutsche Bank in 1998 as Associate– Mergers, Acquisitions
and Corporate Advisory Group with the oversight responsibilities of
providing mergers, acquisitions, corporate and strategic financial
advisory services to companies and government agencies across industries
and countries, rising to Vice President. He is the Co-founder and
Principal of Rofgam/Hughes Consulting and also worked at KeyBanc Capital
Markets, amongst many others.
Otu is the Co-Founder & Managing Director of Candesco Limited, set up
with the primary responsibility of developing and managing off-grid and
independent power projects for Sub-Sahara Africa market, providing
affordable, clean and stable power to clusters of communities.
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About FBN Holdings PLC
FBN Holdings Plc is a leading African banking and financial services
group serving individuals, businesses, organisations and governments in
leading markets across the continent and globally. FBNHoldings’
principal subsidiary is First Bank of Nigeria Limited (“FirstBank”),
Nigeria’s foremost financial institution and leading banking services
provider. FirstBank has forged an incredible partnership with its people
and built an enduring heritage through a vast array of seasons and
societies, to remain an icon of Gold Standard in today’s financial
services industry in Africa and beyond.
FirstBank with operations in 10 countries, with subsidiaries that
includes FBNBank (UK) Limited, and subsidiaries in the Democratic
Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone, and Senegal.
FirstBank also has interest in the pension custodian business through
its subsidiary, First Pension Custodian Limited.
Others are the Merchant Banking and Asset Management businesses, which
comprise FBNQuest Merchant Bank Limited, FBNQuest Capital Limited,
FBNQuest Securities Limited, FBNQuest Asset Management Limited, FBNQuest
Trustees Limited and FBNQuest Funds Limited.
In the Insurance business line, the 20 year-old Insurance broking
Company, FBN Insurance Brokers Limited is a subsidiary of the FBN
Holdings Plc offering insurance brokerage and advisory services.
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Open one today by dialing *894#, visiting a FirstBank ATM or
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