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The appointment of Mr. Gbenga Shobo as new Managing Director/CEO designate of First Bank Nigeria Limited on Wednesday by the Board of Directors of the Bank has been commended by industry stakeholders who said with the appointment, the Bank will no doubt raise the bar in delivery of financial services to its teeming customers.
Recall that the Board of Directors of the Bank, at its meeting on Wednesday, while announcing Shobo’s appointment, said the decision has proven the resilience of its succession planning mechanisms and the value the Bank places on long-standing corporate governance practices, which underpin its enduring sustainability.
By Obinna Chima
The Board of Directors of First Bank of Nigeria Limited has approved the appointment of Mr. Gbenga Shobo as its Managing Director/Chief Executive Officer (CEO), effective today (Wednesday).
Until the appointment, Shobo was the bank’s Deputy Managing Director. Shobo succeeds Mr. Adesola Adeduntan, who will be leaving the financial institution in accordance with its term limits for Chief Executives, after leading the bank since January 2016.
According to a statement, the appointment is subject to regulatory approval.
Also appointed was Abdullahi Ibrahim as Deputy Managing Director, while Mr. Ini Ebong, Mr. Segun Alebiosu, Mr. Seyi Oyefeso and Mrs. Bashirat Odunewu, were also appointed as Executive Directors.