Development Bank Of Nigeria Schedules 9th AGM For April 30 In Abuja
Development Bank of Nigeria Schedules 9th AGM for April 30 in Abuja Shareholders to review financial performance, elect directors, appoint auditors and deliberate on governance matters
The Development Bank of Nigeria (DBN) has announced plans to hold its 9th Annual General Meeting (AGM) on April 30, 2026, in Abuja, where shareholders will deliberate on key financial, operational and governance issues. According to an official notice issued by the bank, the meeting will take place at the Transcorp Hilton Hotel, Abuja, providing stakeholders an opportunity to assess the institution’s performance and strategic direction.
The AGM will consider the audited financial statements for the year ended December 31, 2025, alongside reports presented by the board of directors, audit committee and external auditors.
Shareholders are expected to deliberate on several statutory and corporate governance matters, including
- Consideration and approval of the audited financial accounts
- Review of directors’ and auditors’ reports
- Declaration of dividend
- Re-election of directors retiring by rotation
- Disclosure of managers’ remuneration
- Appointment of external auditors for the new financial year
- Approval of auditors’ remuneration
Members will also elect representatives into the statutory audit committee in compliance with regulatory requirements.
As part of special business proceedings, shareholders will vote on the appointment of Kolawole Saheed Owodunni as a non
executive director. The meeting will further examine a proposed revision of the organisation’s management structure aimed at strengthening operational efficiency and corporate governance. The bank noted that shareholders unable to attend physically may participate through proxy arrangements, provided all required documentation is submitted before the meeting date.
The AGM is expected to offer investors and stakeholders a platform to engage directly with DBN’s board and management on financial results, institutional growth plans and future development priorities. Established by the Federal Government in 2015, the Development Bank of Nigeria operates as a wholesale development finance institution focused on expanding access to credit for micro, small and medium enterprises (MSMEs) through partner financial institutions nationwide.
