Development Bank of Nigeria Schedules 9th AGM in Abuja

The Development Bank of Nigeria (DBN) Plc has announced that it will hold its 9th Annual General Meeting (AGM) in Abuja, where shareholders are expected to review key financial and governance issues.

According to an official notice, the meeting will take place on April 30, 2026, at the Transcorp Hilton Hotel. During the session, shareholders will examine the bank’s audited financial statements for the year ending December 31, 2025, along with reports from the board of directors, audit committee, and external auditors.

The agenda also includes discussions on dividend declaration, re-election of directors retiring by rotation, and disclosure of management remuneration. Shareholders will further consider the appointment and remuneration of external auditors for the new financial year.

In line with regulatory requirements, members will elect representatives to the statutory audit committee.

As part of special business, shareholders will deliberate on the appointment of Kolawole Saheed Owodunni as a non-executive director and review a proposed restructuring of the bank’s management framework.

The notice allows for proxy voting, enabling shareholders who cannot attend in person to appoint representatives, provided all necessary documentation is submitted in advance.

The AGM is expected to offer shareholders an opportunity to engage with the bank’s leadership on its performance and future strategy.