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Okechukwu Nnodim, Abuja
Okechukwu Nnodim, Abuja
Published 30 April 2021
The Central Bank of Nigeria on Thursday fired all the directors of First Bank of Nigeria Limited and First Bank of Nigeria Holdings Plc and appointed new persons to fill the positions.
CBN Governor, Godwin Emefiele, announced the removal of the First Bank directors at a press briefing in Abuja.
He said the decision was taken by the management of CBN, the apex regulator of Nigeria’s financial sector, following the query which the CBN had earlier issued the Board of First Bank for removing Adesola Adeduntan as the Managing Director/Chief Executive Officer, without regulatory approval.