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
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
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.”
States
Lagos water network serves only 1.03% of 20 million residents: LWC
Mr Anifowoshe said the corporation had an installed water production capacity of about 210 million gallons per day (MGD).
Heading 5
Catholic priest dies after Jesus’ statue falls on him during serviceÂ
Mr Molinari was being live-streamed when the incident occurred on Saturday.
States
Kebbi governor’s aide empowers 400 residents in Zuru
Beneficiaries were given cash ranging from N10,000 to N20,000.
States
I’ve paid over N7 billion as compensation to property owners: Gov SaniÂ
The governor commended the owners of the 865 affected households.
Heading 5
Lagos strengthens culture, youth engagement to boost creative economy
According to Mr Johnson, the government was encouraging young people to develop their creative skills.
States
Ogun FRSC commander dies after brief illness
He described Mr Ogunjobi’s death as a great loss to the corps.
