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First Bank Accepts CBN New Board As Adeduntan Resumes - Business - Nairaland

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First Bank Accepts CBN New Board As Adeduntan Resumes by RuudVanNisteroy: 5:27pm On Apr 30
First Bank of Nigeria Limited on Friday said its Chief Executive Officer, Dr. Adesola Adeduntan, who was earlier removed has resumed back to his office in the same capacity.

The bank also said it is cooperating with the Central Bank of Nigeria on the board newly constituted for the bank.

This was sequel to the pronouncement on the reconstitution of new board of directors for the bank by the Central Bank of Nigeria on Thursday.

At a press conference by the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, in Abuja on Thursday, said the boards of FBN Holdings Plc and First Bank of Nigeria Limited were dissolved and reconstituted, pursuant to its power under Banks and Other Financial Institutions Act (BOFIA) 2020.

In a statement on Friday titled ‘Corporate statement on the new board constitution’, First Bank said, “Dr. Adesola Adeduntan has since resumed work as CEO in line with the directives of the CBN.

“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.”

It added that, “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;

“The CBN hereby reassures the depositors, creditors and other stakeholders of the bank of its commitment to ensuring the stability of the financial system.

“There is therefore no cause for panic among the banking public, given that the actions being taken are meant to strengthen the bank and position it as a banking industry giant.”


The statement said the board of directors of First Bank of Nigeria Limited now comprised of Mr Tunde Hassan-Odukale – Chairman; Mrs Tokunbo Martins; Mr Uche Nwokedi; Mr Adekunle Sonola; Ms Isioma Ogodazi; Mr Ebenezer Olufowose; Mr Ishaya Dodo; Dr. Adesola Adeduntan – managing director/ chief executive officer; Mr Gbenga Shobo – deputy managing director; Dr. Remi Oni – executive director; and Mr Abdullahi Ibrahim – executive director.

https://punchng.com/first-bank-accepts-cbn-new-board-as-adeduntan-resumes/

4 Likes 2 Shares

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by Runaway: 5:31pm On Apr 30
Good

3 Likes

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by omofranyoung(m): 5:32pm On Apr 30
Power pass power......

8 Likes

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by joyairemiya: 5:35pm On Apr 30
Very unfair. Mrs Ibukun Awosika should go to court

4 Likes

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by DDDEnterprises: 5:38pm On Apr 30
Congrats oo.
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by Abboki: 5:41pm On Apr 30
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by hybridblood07(m): 5:41pm On Apr 30
Dr. Oba Otudeko has finally accepted change of board members

12 Likes 1 Share

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by bigdammyj: 5:41pm On Apr 30
Noted
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by OgThanos: 5:42pm On Apr 30
Ok
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by RuudVanNisteroy: 5:42pm On Apr 30
joyairemiya:
Very unfair. Mrs Ibukun Awosika should go to court
As long as her shares in First Bank are still intact, it would not be a good idea to fight against the CBN.

Going to court worked for Wale Tinubu, Oando when the Securities Exchange Commission (SEC) sacked the management for the same corporate government malfeasance similar to First Bank and he was able to get a court order to be reinstated. However, the powers behind Wale Tinubu are far greater than the powers behind Mrs Ibukun Awosika and Oba Otudeko.

15 Likes 2 Shares

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by Jostoman: 5:42pm On Apr 30
I hope some people are not paying the price of printing of money story.

6 Likes

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by espn(m): 5:42pm On Apr 30
Na wa oo
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by CocoaOla: 5:43pm On Apr 30
But the most important problem facing Nigeria now is constant Devaluation of naira currency and double digits all time high inflations

Nigeria banks, CBN Deals with it first you good for nothing selfish robbers
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by Okortor: 5:44pm On Apr 30
Welcome development. Emefiele try for this one. Ibukun Awosika too is good but life goes on.

2 Likes

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by WiszyFraud: 5:44pm On Apr 30
Did you know??

A single sperm has 37.5MB of DNA information in it. That means that a normal ejaculation represents a data transfer of 1,587.5TB.


cool

12 Likes 1 Share

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by heckymaicon(m): 5:44pm On Apr 30
This Man should resign honourably.
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by Henix(m): 5:44pm On Apr 30
Was anyone expecting them to reject the CBN's pronouncement before? Next is for the billionaire chief to pay the loan he collected

24 Likes 1 Share

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by ABANGWABOI(m): 5:44pm On Apr 30
Shey Otudeko and Awosika been en do strong head...
CBN dn clear Dem doubt...
Clowns..

8 Likes

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by Bouz(m): 5:45pm On Apr 30
joyairemiya:
Very unfair. Mrs Ibukun Awosika should go to court
Not a good idea

1 Like

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by Upton: 5:45pm On Apr 30
I just hope my 3k is safe with you guys

27 Likes 3 Shares

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by ainas247: 5:45pm On Apr 30
cheesy
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by Johnmax95(m): 5:45pm On Apr 30
Business as usual. Some Old board members will certainly return after the current CBN boss retires.

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Re: First Bank Accepts CBN New Board As Adeduntan Resumes by DamnnNiggarr(m): 5:45pm On Apr 30
grin
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by PWGLTD: 5:46pm On Apr 30
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Re: First Bank Accepts CBN New Board As Adeduntan Resumes by Drwinz(m): 5:46pm On Apr 30
Must it be Yoruba man?
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by free2ryhme: 5:46pm On Apr 30
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by janedonez(m): 5:46pm On Apr 30
Ok
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by SimplyFacts: 5:47pm On Apr 30
The grudge wey go dey the board ehn. I hope they don't go diabolic over this.

3 Likes

Re: First Bank Accepts CBN New Board As Adeduntan Resumes by merits(m): 5:47pm On Apr 30
Before nko? They have no other choice.
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by DWJOBScom(m): 5:48pm On Apr 30
Welcome back sir
A noble leader you are
Re: First Bank Accepts CBN New Board As Adeduntan Resumes by RuudVanNisteroy: 5:48pm On Apr 30
Upton:
I just hope my 3k is safe with you guys

13 Likes 1 Share

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