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Shake up in First Bank as CBN reinstates Adeduntan, names new directors

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 ....

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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.
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First Bank appoints five new directors, Shobo now MD

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.

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CBN queries First Bank for appointing new MD 'without approval'

“The CBN was not made aware of any report from the board indicting the managing director of any wrongdoing or misconduct ....

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CBN queries First Bank over management change without approval

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.
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