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Nairaland Forum / Nairaland / General / Politics / CBN Fires First Bank Directors (45681 Views)
BREAKING: I’ll Probe N241bn Debt, Abba Gida-gida Fires First Shot At Ganduje / First Bank Directors Fired To Protect Customers, Minority Shareholders – CBN / FIRS Retires All Directors Who Have Served For Eight Years (2) (3) (4)
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Re: CBN Fires First Bank Directors by gnykelly(m): 10:17pm On Apr 29, 2021 |
xtremecr8: if you are sure of your case. go to court |
Re: CBN Fires First Bank Directors by Nobody: 10:17pm On Apr 29, 2021 |
Agbegbaorogboye: If there are irregularities. Yes, he can be call back until due process is carried out. This is not the first time CBN has taken similar decisions. |
Re: CBN Fires First Bank Directors by Agbegbaorogboye: 10:19pm On Apr 29, 2021 |
thebosstrevor1: The question is not whether he is the cause of the distress. The question is your assertion that he retired voluntarily when the info in public space negates that. It's buttressed by the fact that the CBN returned him to the seat. Besides, it's common knowledge that voluntary retirement is usually preceded by a 3 months notice. So who retires in 24hrs? Stop mixing things up. 3 Likes |
Re: CBN Fires First Bank Directors by Agbegbaorogboye: 10:21pm On Apr 29, 2021 |
thebosstrevor1: Give an example of when CBN did that pls. I mean call back a bank MD who retired voluntarily. You can also tell us the irregularities the CBN observed in his purported retirement. 4 Likes |
Re: CBN Fires First Bank Directors by baralatie(m): 10:23pm On Apr 29, 2021 |
Agbegbaorogboye:ahhh! you mean 24hr retirement? |
Re: CBN Fires First Bank Directors by mayo47(m): 10:28pm On Apr 29, 2021 |
jlinkd78: Point of Correction: Sorry it's not CBN/govt job to print money and share amongst the state. Also, they are not trying to crash First Bank. Please do research before making a conclusive statemen 2 Likes |
Re: CBN Fires First Bank Directors by Nobody: 10:28pm On Apr 29, 2021 |
Agbegbaorogboye: Do you even read the news before argueing He didn't retire in 24 hours, infact the cbn reinstated him as md of an interim board( temporarily board) |
Re: CBN Fires First Bank Directors by Agbegbaorogboye: 10:29pm On Apr 29, 2021 |
baralatie: That's what the guy is claiming o Meanwhile i'm watching channels tv now and they confirmed the MD was removed and not retired as this guy claimed. Also note that contrary to claim by this guy that the bank entered forbearance last year, the bank entered forbearance since 2016. Straight from emefiele's mouth 1 Like |
Re: CBN Fires First Bank Directors by baralatie(m): 10:32pm On Apr 29, 2021 |
Agbegbaorogboye:forebearance since 2016 ke? they have first bank to action film |
Re: CBN Fires First Bank Directors by Agbegbaorogboye: 10:32pm On Apr 29, 2021 |
thebosstrevor1: Where are you getting your Fake news from? Same you who complains about fake news. FYI I'm watching Channels news now and they mentioned nothing like interim board. They also confirmed sola adeduntan was removed by the former board. Contrary to your assertion, Emefiele himself said it that the bank entered forbearance since 2016. So stop blaming Adeduntan for the capital issues of first bank. 2 Likes |
Re: CBN Fires First Bank Directors by Nobody: 10:32pm On Apr 29, 2021 |
Agbegbaorogboye: I wanted to correct the error of the forbearance. The md retired and wasn't removed. |
Re: CBN Fires First Bank Directors by Agbegbaorogboye: 10:32pm On Apr 29, 2021 |
baralatie: That's what Emefiele said. |
Re: CBN Fires First Bank Directors by Agbegbaorogboye: 10:33pm On Apr 29, 2021 |
thebosstrevor1: Well, that's according to you. Channels said he was removed. If you were me, would you believe you over channels? |
Re: CBN Fires First Bank Directors by Nobody: 10:35pm On Apr 29, 2021 |
Agbegbaorogboye: What FAKENEWS. 1.The md was reinstated by cbn as head of an interim board 2.Mr sola retired after a 6 year tenure. 3. Sola Adeduntan was appointed md in 2016, so he couldn't turn around the fortunes of the bank. |
Re: CBN Fires First Bank Directors by Nobody: 10:37pm On Apr 29, 2021 |
Agbegbaorogboye: Other financial media says he retired after 6 years. Cbn guidelines says an md must serve for 10 years, first bank internal policy says 6 years. |
Re: CBN Fires First Bank Directors by Agbegbaorogboye: 10:38pm On Apr 29, 2021 |
thebosstrevor1: He is due to retire in eight months time You have not answered a simple question. If you were me, would you believe you over channels? If you have light and a TV, you won't be arguing based on lies like this. You even introduced interim board. Na wa o 1 Like |
Re: CBN Fires First Bank Directors by observanc1: 10:39pm On Apr 29, 2021 |
yanabasee1:just carry your ignorance waka. |
Re: CBN Fires First Bank Directors by Agbegbaorogboye: 10:40pm On Apr 29, 2021 |
thebosstrevor1: CBN guidelines did not use the word "must" it used max of ten years and can be broken to two terms of five years each. This is something someone pasted for you o. Are you sure you're not feeling drudged 1 Like |
Re: CBN Fires First Bank Directors by Nobody: 10:43pm On Apr 29, 2021 |
Agbegbaorogboye: How is this my problem |
Re: CBN Fires First Bank Directors by Agbegbaorogboye: 10:44pm On Apr 29, 2021 |
thebosstrevor1: Bye bye 1 Like |
Re: CBN Fires First Bank Directors by Nobody: 10:46pm On Apr 29, 2021 |
Agbegbaorogboye: Since i don't have light and tv, maybe you will be willing to get them for me so that i can watch the news properly with an eye glass. The board is an interim board, Maybe if you had enough data, you would have read it through. This is the link. https://www.premiumtimesng.com/news/headlines/458459-just-in-cbn-dissolves-first-bank-board-reinstates-sola-adeduntan-as-md.html |
Re: CBN Fires First Bank Directors by Nobody: 10:47pm On Apr 29, 2021 |
Agbegbaorogboye: Take care |
Re: CBN Fires First Bank Directors by VULCAN(m): 10:51pm On Apr 29, 2021 |
The Law did not say 10yrs minimum. It states 10yrs maximum. So you are wrong. The major problem is that CBN must give approval before you retire, sack or hire a new MD. thebosstrevor1: 1 Like |
Re: CBN Fires First Bank Directors by Nobody: 10:53pm On Apr 29, 2021 |
VULCAN: I agreed about that. I also wrote before that cbn must give approval before a new md and board is elected. |
Re: CBN Fires First Bank Directors by SouthSouth1914: 10:58pm On Apr 29, 2021 |
CorperKola: Your brain is incomprehensible! I put up an argument about CBN dabbling into banks internal affairs which I hope should be resolved by the board. I asked if there was any platform (legal binding) that gives the CBN to act this way. You didn’t respond to any of my questions, but you rather jump into attack like someone on panic mode! What is wrong with you children of nowadays? |
Re: CBN Fires First Bank Directors by Kirkman: 10:59pm On Apr 29, 2021 |
FuckOsuPigs:Can't they arrest and jail that crook called Otudeko or whatever his name is called or sieze his assets that he used for the loan collateral if na poor man take that kind loan that would have hounded him since, hanged him to the EFCC and paraded him around the media as a thief/debtor. 1 Like |
Re: CBN Fires First Bank Directors by VULCAN(m): 11:00pm On Apr 29, 2021 |
Ok thebosstrevor1: |
Re: CBN Fires First Bank Directors by jaxxy(m): 11:02pm On Apr 29, 2021 |
xtremecr8:Go to twitter and narrate ur ordeal. They will take it up once it goes viral. 1 Like |
Re: CBN Fires First Bank Directors by yanabasee1(m): 11:13pm On Apr 29, 2021 |
observanc1: Carry your over sabi go one corner..... Olodo. |
Re: CBN Fires First Bank Directors by Agbegbaorogboye: 11:17pm On Apr 29, 2021 |
thebosstrevor1: This is from your own link Mr retirement. 2 Likes
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Re: CBN Fires First Bank Directors by Agbegbaorogboye: 11:25pm On Apr 29, 2021 |
thebosstrevor1: You don't have light, ask Buhari You don't have TV, get a real job so you can afford one. I'm not the cause of your problems. 1 Like |
Re: CBN Fires First Bank Directors by Nobody: 11:25pm On Apr 29, 2021 |
Agbegbaorogboye: So why do you omit this and why didn't you click on the link to see further information.
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