fbpx
Sunday, July 25, 2021
Home Business CBN Sacks First Bank Directors, Adeduntan Retained As MD

CBN Sacks First Bank Directors, Adeduntan Retained As MD

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

Central Bank of Nigeria (CBN), has fired all directors on the board of First Bank Nigeria Limited.

The apex bank also announced the sacking of board members of First Bank of Nigeria Holdings Plc.

CBN had queried the Board of the bank over the removal Adesola Adeduntan as the Managing Director/Chief Executive Officer and subsequent appointment of Gbenga Shobo as MD/CEO designate without its approval.

It had also faulted the appointment of Abdullahi Ibrahim as deputy managing director, as well as the appointment of Ini Ebong, Segun Alebiosu, Seyi Oyefeso and Bashirat Odunewu, as executive directors.

CBN Governor, Godwin Emefiele, who announced the sacking of all members on the board of the bank, also reinstated Adeduntan as the MD/CEO of the bank.

See also  COVID-19: Nigeria’s Manufacturing Sector Contracts Further

© 2021, Scud News. All rights reserved.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Sweden Phases Out Use Of AstraZeneca Vaccine

Sweden is gradually phasing out the use of the COVID-19 vaccine produced by the British-Swedish pharmaceutical company AstraZeneca.

Kano Makes NIN Compulsory For Public Secondary School students

Saidu-Kiru said the NIN would enable the ministry to have an updated data base for all students for the purpose of planning and optimum

Ex-banker, Wife, Mother–In-Law Jailed 60 Years for Stealing Depositors’ Fund

A former bank cashier, Ebenezer Adeolu Alonge, his wife, and mother-in- law, Isakunle Eunice Moradeke have been jailed by a court in Ekiti.

Public Display Of Affluence Dangerous, DSS Warns

The Department of State Services (DSS) has warned Nigerians on the dangers of public display of affluence, saying it is great security...
See also  Allow CBN to Efficiently, Effectively Perform its Mandate – APC Urges PDP

© 2020 – 2021, Scud News. All rights reserved.

%d bloggers like this: