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“We can confirm that the bank is cooperating with the Central Bank of Nigeria and other regulators while the operations of the Bank are not hampered or hindered in any way and are in fact running smoothly. “We further wish to reassure the public, our esteemed customers and stakeholders in the words of the Governor of the Central Bank in concluding his press conference,” said the statement. The CBN governor had earlier said, “The CBN hereby reassures the depositors, creditors and other stakeholders of the bank of its commitment to ensuring the stability of the financial system.” Also according to the management of First Bank, ”there is, therefore, no cause for panic amongst the banking public, given that the actions being taken are meant to strengthen the bank and position it as a banking industry giant”. (NAN) ....
Advertisement Godwin Emefiele, governor of the CBN, announced this during a press briefing on Thursday. He also ordered the immediate removal of all directors of FBN Limited and FBN Holdings Plc. Emefiele directed the constitution of an interim board to clean up and stabilise the tier-1 lender. Advertisement Remi Babalola is the interim chairman of FBN Holdings Plc, other members include, Peter Aliugo, Fatade Oluwole, Kofo Dosekun, Remi Lasaki, Alimi Abdulrasaq, Ahmed Modibo, and Khalifa Iman. The apex bank, however, directed U.K. Eke to remain as the group chief executive officer of FBN Holdings Plc. Tunde Hassan-Odukale is the new chairman of First Bank Limited, other members include Tokunbo Martins, Uche Nwokedi, Adekunle Sonola, Isioma Ogodazi, Ebenezer Olufowose, Ishaya Dodo, Sola Adeduntan as managing director, Remi Oni, Gbenga Sobo and Abdullahi Ibrahim. ....