FBN Holdings Plc, yesterday, responded to calls by some shareholders for an extraordinary general meeting (EGM) and removal of Femi Otedola as Chairman, saying the issue does not, in any way, affect the operations of the company or its subsidiaries.

The group reassured its customers, shareholders, investors and the general public that its businesses will continue to deliver seamless and uninterrupted services.

According to a statement signed by the company secretary, Adewale Arogundade, the bank also reiterated its commitment to protecting the interests of all stakeholders and taking all necessary measures to safeguard its operations.

It highlighted its strong financial performance, which has led to an increase in market capitalisation and affirmed its readiness to surpass the regulatory minimum capital requirements well before the deadline.

It reads: “The attention of FBN Holdings has been drawn to a media publication on the call for EGM by two of the company’s shareholders.

“This matter does not in any way impact the operations of the Company, and all the businesses within the Group continue to provide uninterrupted services to its customers.

“We assure our valued customers, shareholders, investors, other stakeholders and the general public that we are taking all necessary steps to protect the interests of the Company and its subsidiaries.

“The Group’s performance continues to improve, resulting in a higher market capitalisation even as we work towards surpassing the regulatory minimum capital well ahead of the deadline.”

The bank said the registrars and Lead Issuing House are collating the returns from all receiving agents in respect of the company’s rights issue which closed on December 30, 2024.

It further assured that the bank and its subsidiaries remain committed to the highest level of corporate governance.