Otedola Justifies N748bn Loan Write-off as First Bank Profit Drops 92%
The Group Chairman of First Bank Holdings Plc, Femi Otedola, has defended the company’s decision to write off N748 billion in non-performing loans, saying the move was a deliberate strategy to strengthen the institution’s long-term stability despite its impact on profits. Otedola said the one-off provisioning led to a 92 per cent drop in the […]













