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Buhari Congratulations FBN on 40 Years of Cross-Border Banking in UK




President Muhammadu Buhari has congratulated the Board, Management, and Staff of FirstBank of Nigeria Limited (FirstBank) for cross-border services through FBNBank UK in the United Kingdom for 40 years, sharing almost 130 years of banking experience.

In a statement signed by the Special Adviser to the President on Media & Publicity, Femi
Adesina, Buhari noted the competence and professionalism that have become the hallmark of
the Bank for many years.

This includes winning and retaining the trust of customers in Nigeria, and beyond, like in the
United Kingdom, and successfully consolidating on its benchmark of reliability and

“As the FBN, United Kingdom celebrates 40 years anniversary, the President believes the
strength and buoyancy of any country depend largely on the capacity of the banking sector,
extolling the organization for steady rise and expansion, with remarkable awards for
transparency, accountability, and reliability,” the statement reads.

Buhari however, congratulates FBNBank UK for the milestone, and well-deserved acceptance
and credence, urging the bank to further leverage on its strengths to retain the trust and
confidence of the banking public.

FBNBank UK is a wholly owned subsidiary of the First Bank of Nigeria Limited, an African bank
with a rich heritage, established in 1894 as the first banking institution in Nigeria.
FBNBank UK is authorised by the UK’s Prudential Regulation Authority (PRA) and regulated by
the Financial Conduct Authority (FCA).

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Operating in the City of London with a branch in Paris and a representative office in Lagos,
FBNBank UK provides a range of domestic and international banking and financial services.

Interestingly, it is the international banking and treasury centre of FirstBank and acts as
connecting hub between the group and its regulatory, financial and social partners. FBNBank
UK equally provides world-class, cross border trade and investment services to institutions, corporates and individuals conducting business in and with Africa’s most dynamic and vibrant

FBNBank UK has been operating in the United Kingdom since 1982 as the London Branch of
the First Bank of Nigeria Limited.

It was initially established to service the UK banking requirements of Nigerian companies and

In November 2002, the Bank was incorporated in the UK as a registered and a wholly-owned
subsidiary of First Bank of Nigeria Limited with offices in the City of London.

Since then, FBNBank UK has developed into a much broader business in the gateway to
Europe and beyond for African banks, companies and high net worth individuals.

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