Shake up in First Bank as CBN reinstates Adeduntan, names new directors
By Chinyere Joel-Nwokeoma
Lagos, April 29, 2021 The Central Bank of Nigeria (CBN) on Thursday announced the immediate removal of all directors of First Bank of Nigeria Ltd. and and FBN Holdings Plc over purported management changes at the bank.
The CBN Governor, Mr Godwin Emeifele said this in a statement titled âThe Purported Management Change at the First Bank of Nigeria Ltd.
Consequently, Emeifele announced the appointment of Mr Remi Babalola as the Chairman of FBN Holdings.
Other directors appointed by the apex bank were Dr Fatade Abiodun Oluwole, Kofo Dosekun
First Bank appoints five new directors, Shobo now MD punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval.