FBNQuest Merchant Bank Confirms New Owners as It Positions for Next Phase of Growth

FBNQuest Merchant Bank has announced the completion of its ownership transition, marking 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, one that reflects our consistent performance, institutional strength, and long-term potential.” 

He added that the Bank’s priorities remain unchanged under the new ownership: delivering value, strengthening its market position, and building a sustainable institution.

“We are grateful to all who have been part of this journey and remain focused on creating long-term value for our clients and stakeholders,” Olorode said, reaffirming that operations, client services and leadership structures remain fully intact. 

“We thank our stakeholders for their continued trust and look forward to the next chapter of growth,” he added.