Why FirstBank Wrote off N748Bn Bad Loan – Otedola
[Nigeria Communications Week - Nigeria] - 5/02/2026
Femi Otedola, group chairman, First Bank Holdings, has justified the company’s decision to write off N748bn in legacy non-performing loans, saying the move was a deliberate strategy aimed at securing long-term financial stability, even though it significantly reduced reported profits. Otedola (…)
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