First Bank confirms Adeduntan’s reinstatement
Following the Central Bank’s announcement on the recomposition of the board of First Bank Nigeria Limited, the bank has issued a corporate statement signed by its Group Head, Marketing and Corporate Communications, Folake Ani-Mumuneys.
The statement released by the bank reads:
“We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited.
“Further to the press conference held by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele CON on Thursday, 29 April 2021, the Boards of FBN Holdings Plc and First Bank of Nigeria Limited were dissolved and reconstituted, pursuant to its power under Banks and Other Financial Institutions Act (BOFIA) 2020.
“The Board of Directors of First Bank of Nigeria Limited is now comprised as follows: Mr. Tunde Hassan-Odukale – Chairman; Mrs. Tokunbo Martins; Mr. Uche Nwokedi; Mr. Adekunle Sonola; Ms. Isioma Ogodazi; Mr. Ebenezer Olufowose; Mr. Ishaya Elijah B. Dodo; Dr. Adesola Adeduntan, FCA – Managing Director/ Chief Executive Officer; Mr. Gbenga Shobo – Deputy Managing Director; Dr. Remi Oni – Executive Director; Mr. Abdullahi Ibrahim – Executive Director.
Dr. Adesola Adeduntan has since resumed work as CEO in line with the directives of the CBN.”Â
This confirmation comes after the apex bank on Thursday dissolved the management board of First Bank Nigeria PLC, reinstating the sacked Managing Director Adesola Adeduntan.
Central Bank Governor Godwin Emefiele announced the mass sacking and the reappointment of Mr Adeduntan as the CEO in a televised press briefing on Thursday evening.
The board had in a statement by its chairman Ibukun Awosika announced the retirement of Mr Adeduntan from office and announced Mr Gbenga Shobo as his replacement.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Hot news Home top
I won’t betray Nigerians’ trust; my reforms will deliver better future: Tinubu
Mr Tinubu insisted that the ongoing reforms would eventually deliver lasting national prosperity.
Economy
Stock market transacts 1.66 billion shares, gains N962 billion
The uptrend was driven by broad-based buying interest across banking, consumer goods, industrial, insurance and telecommunications stocks.
Kano
Kano govt inaugurates 2025/2026 annual school census
The commissioner presented sample census questionnaires and other data collection materials to key education agencies.
Sport
Mbappé effigy burning in Paraguay fuels fans’ racism accusations
The decision to burn an effigy of Mbappe did not sit well with many on social media, and they are claiming racism as the motive behind it.
States
Soldier killed as ISWAP terrorists attack Borno military base
The army described the July 7 attack on the base as a coordinated assault that was successfully repelled by troops.
Diaspora
Nigeria suspends O15 third-party visa services for U.S.-based applicants
The service, which did not disclose reasons for the suspension, clarified that its e-visa system remained active for prospective travellers.
