FBNQuest Merchant Bank has officially confirmed the completion of its ownership transition, following its divestment from First HoldCo Plc and acquisition by EverQuest Acquisition LLP, a consortium led by Custodian Investment Plc.
Acting Managing Director Afolabi Olorode described the development as “a defining milestone in the Bank’s journey,” highlighting that the move reflects the institution’s strong performance, resilience, and long-term potential.
Olorode assured clients and stakeholders that the bank remains fully operational, with all services, leadership structures, and client relationships continuing uninterrupted. He emphasized that the bank’s focus remains on delivering value, strengthening market leadership, and building a sustainable institution for the future.
“This new ownership marks an exciting chapter, and we remain committed to creating long-term value for our clients and stakeholders,” Olorode said
