TheCable

FBN Holdings Plc has won the 2020 award for best corporate governance in Nigeria.

The award was organised by World Finance, a quarterly print and online magazine that provides coverage and analysis of the financial industry, international business and the global economy.

According to a statement on Sunday, this is the second consecutive time that FBN Holdings would be winning the award which it attributes to “its strong corporate governance practices and outstanding leadership in the Nigerian financial services industry”.

Commenting on the award on behalf of FBNHoldings, UK Eke, its group managing director said: “Winning the award in quick succession is a demonstration of not only the strength of our corporate governance practices but also its resilience”.

“As a holding company, we emphasize the highest standards in corporate governance across all operating entities in our quest to deliver value to our numerous stakeholders.”

The award is in its thirteenth year, celebrating companies in the areas of corporate governance, innovation, and market leadership in the financial services sector across the world.

Companies in the FBN Holdings Group include First Bank of Nigeria Limited, a commercial bank with operations in 10 countries; the Merchant Banking and Asset Management business of FBN Holdings, which comprises FBNQuest Merchant Bank Limited, FBNQuest Capital Limited, FBNQuest Trustees Limited, FBNQuest Capital Asset Management Limited, FBNQuest Funds Limited and FBNQuest Securities Limited.