Toba Owojaiye reporting
LAGOS, NIGERIA – Vice President Kashim Shettima, on Wednesday, led other eminent Nigerians to the groundbreaking ceremony of First Bank’s new 40-storey headquarters at Eko Atlantic City, Lagos.
Truth Live News gathered that the Vice President, who represented President Bola Tinubu at the event, reaffirmed the administration’s commitment to industrialization, innovation, sustainable development, and economic growth.
Shettima was received by Femi Otedola, businessman and Chairman of First Holding Company.
Other notable dignitaries at the event included Lagos State Governor Babajide Sanwo-Olu, Ogun State Governor Dapo Abiodun, Ondo State Governor Lucky Aiyedatiwa, former Senate President
Bukola Saraki, billionaire industrialist Aliko Dangote, co-founders of the Chagoury Group, Gilbert and Roland Chagoury, and Deji Adeleke, among others.
The project, set to become Nigeria’s tallest building, marks a major milestone in the bank’s storied history.
First Bank, established in 1894 as the Bank of British West Africa (BBWA), holds the distinction of being the oldest bank in Nigeria and one of the oldest financial institutions in Africa.
Over the past 130 years, it has played a pivotal role in the country’s financial and economic landscape, serving as a cornerstone of Nigeria’s banking industry.
The bank stated that the groundbreaking ceremony signifies the beginning of a transformative journey that reinforces its commitment to excellence, innovation, and customer satisfaction.
The new headquarters is designed as a green-certified building, reducing operational costs while positioning First Bank as a leader in sustainable banking practices.
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Olusegun Alebiosu, CEO of FirstBank Group, highlighted the significance of the project, stating, “We are proud to mark this significant milestone in our journey towards excellence.
Our new Head Office is envisioned as a world-class structure that represents our dedication to innovation, customer satisfaction, and sustainability.
We believe that this development will play a crucial role in fostering economic growth and development across Africa, creating long-term value for all our stakeholders.”
The new First Bank headquarters is expected to redefine Lagos’ skyline and reinforce the bank’s legacy as a pioneer in Nigeria’s financial sector.