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CBN sacks First Bank Board, retains Adeduntan as MD

The Board of FBN on Wednesday announced the replacement of Dr Adeduntan, the erstwhile MD and was replaced by Gbenga Shobo, a DMD.

United kingdomAbuja federal capital territoryAdekunle sonolaGbenga shoboKofo dosekunIbukun awosikaUche nwokediHaruna mustafaFatade abiodun oluwoleAlimi abdulrasaqOba otudekoPeter aliogoBashirat odunewuIshaya elijahSegun alebiosuKhalifa imam

CBN sacks First Bank, FBN Holdings directors, retains Adeduntan as MD

CBN sacks First Bank, FBN Holdings directors, retains Adeduntan as MD On By Emma Ujah, Abuja Bureau Chief & Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday, removed the Boards of Directors of First Bank of Nigeria Limited and the FBN Holdings Plc. The apex bank also reappointed 14 out of the 21 directors affected by the sack into the new board of the two institutions. The CBN also reinstated Mr Adesola Adeduntan as the Managing Director/Chief Executive of First Bank of Nigeria. Adeduntan was earlier sacked as MD by the former board of the bank. Announcing the decision to sack the directors at a briefing in Abuja, the CBN Governor, Mr Godwin Emefiele said the apex bank had to remove the directors for trying to remove Adeduntan as MD without consulting the regulators.

Abuja federal capital territoryUnited kingdomAdekunle sonolaEmma ujahBabajide komolafeEbenezer olufowose ishayaGbenga shoboKofo dosekunUche nwokediFatade abiodun oluwoleAlimi abdulrasaqAdesola adeduntanPeter aliogoSola adeduntanKhalifa imamAbdullahi ibrahim

Breaking News | CBN Sacks First Bank, FBN Holdings Directors, Retains Adeduntan As MD

Views: Visits 7 Godwin Emefiele, CBN Governor. By Emma Ujah, Abuja Bureau Chief & Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday, removed the Boards of Directors of First Bank of Nigeria Limited and the FBN Holdings Plc. The apex bank also reappointed 14 out of the 21 directors affected by the sack into the new board of the two institutions. The CBN also reinstated Mr Adesola Adeduntan as the Managing Director/Chief Executive of First Bank of Nigeria. Adeduntan was earlier sacked as MD by the former board of the bank. Announcing the decision to sack the directors at a briefing in Abuja, the CBN Governor, Mr Godwin Emefiele said the apex bank had to remove the directors for trying to remove Adeduntan as MD without consulting the regulators.

Abuja federal capital territoryUnited kingdomAdekunle sonolaEmma ujahBabajide komolafeEbenezer olufowose ishayaGbenga shoboKofo dosekunUche nwokediFatade abiodun oluwoleAlimi abdulrasaqAdesola adeduntanPeter aliogoSola adeduntanKhalifa imamAbdullahi ibrahim

CBN sacks Awosika, Otudeko, appoints new board for First Bank -

CBN sacks Awosika, Otudeko, appoints new board for First Bank -
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United kingdomAdekunle sonolaKofo dosekunIbukun awosikaUche nwokediHaruna mustafaAlimi abdulrasaqFatade abiodun oluwoleOba otudekoPeter aliogoKhalifa imamRemi lasakiAhmed modibboIsioma ogodaziTokunbo martinsGodwin emefiele

Why chairmen, directors of First Bank Holdings, First Bank Plc were removed---CBN

Share The Central Bank of Nigeria (CBN) on Thursday removed Mr. Oba Otudeko and Mrs. Ibukun Awosika as Chairman of First Bank Holdings Company and Chairman, First Bank of Nigeria Plc respectively. The bank also removed all the directors of the bank and the holding company. At a press conference in Abuja, CBN Governor, Mr. Godwin Emefiele, said Otudeko on three occasions rejected his entreaties not to remove Mr. Sola Adeduntan as managing director of the bank without making recourse to CBN, which has been providing regulatory forbearance to since 2016. The apex bank announced the reappointment of Adeduntan as Managing Director and Gbenga Shobo as Deputy Managing Director of the bank respectively.

United kingdomAbuja federal capital territoryAdekunle sonolaKofo dosekunUche nwokediAlimi abdulrasaqFatade abiodun oluwoleOba otudekoPeter aliogoSola adeduntanKhalifa imamRemi lasakiAbdullahi ibrahimAhmed modibboIsioma ogodaziRemi babalola