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Mac Atasie I was Born to Solve Problems, Crack New ways of doing Things

Mac Atasie I was Born to Solve Problems, Crack New ways of doing Things
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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The Costly Board Crisis at First Bank

But for the timely intervention of the Central Bank for Nigeria in the avoidable board squabbles at First Bank of Nigeria, the relative confidence and stability observed in the banking system in recent times would have been seriously shaken. James Emejo writes
It all began with the news that the erstwhile Board of Directors of First Bank of Nigeria Limited, which was chaired by Mrs. Ibukun Awosika, had approved the appointment of Mr. Gbenga Shobo to succeed Mr. Adesola Adeduntan as the new Managing Director/Chief Executive of the bank.
Adeduntan was ousted after leading the bank since January 2016, but when still within the term limit of his tenure, which is due to expire in December this year. ....

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Access Bank: The Bigger It Grows, The Kinder It Becomes

By Etim Etim
(AFRICAN EXAMINER) – The banking industry will make a huge donation of cash, vehicles and equipment to the Nigerian Army, Police and other law enforcement agencies in the next few weeks to support the federal government’s fight against insecurity, Herbert Wigwe, Access Bank’s Group Managing Director & chief executive announced to shareholders at its 32nd AGM in Lagos over the weekend. Going by its track records in Corporate Social Responsibility and philanthropy, Access Bank will provide a good chunk of the contribution.
This would be a major private sector intervention to stem the tide of insecurity in the country. “We are very concerned about the safety and security of Nigerians. We want our people to be safe. Access Bank will partner with our colleagues in the industry to support the federal government in this regard’’, said Mr Wigwe in his answer to the various comments and questions raised by the shareholders. Last year alone, the bank investe ....

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Breaking News | Breaking News EFCC wades into First Bank management crisis; invites Oba Otudeko, others over dubious loans

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The Economic and Financial Crimes Commission, EFCC, has stepped into the current management crisis rocking the First Bank of Nigeria.
The Street Journal gathered that the anti-graft agency has invited Oba Otudeko, as well as other prominent figures over some dubious loans taken from the financial institution, which has been present in Nigeria for over a century.
According to a memo, Oba Otudeko, who is the owner of Honeywell Flour Mills was asked to repay a loan to First Bank within 48 hours.
“Consequently, the company (Honeywell Flour Mills) is required to fully repay its obligations to the bank within 48 hours, failing which the CBN will take appropriate regulatory measures against the insider borrower and the bank,” according to a memo made available. ....

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FULL TEXT: CBN's statement on the change of management at First Bank of Nigeria - Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper.

Godwin Emefiele, governor of the Central Bank of Nigeria
(CBN), has announced the reinstatement of Sola Adeduntan, as the managing
director and chief executive officer of First Bank of Nigeria Limited.

2.0 The media has been awash with commentaries on the
purported management changes at First Bank of Nigeria Ltd (FBN) and the related
regulatory inquiry by the Central Bank of Nigeria (CBN) to the Board of First
Bank of Nigeria Limited. It has therefore become necessary for me to address
the public to clear any misconceptions.

3.0 Ordinarily the board is vested with the authority to
make changes in the management team subject to CBN approval. However, the CBN ....

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