First Bank Unveils New Board of Directors, in Line with CBN Directive

Following the recent directive by the Central Bank of Nigeria Limited (CBN) on the pronouncement of the reconstitution of the Board of Directors of First Bank of Nigeria Limited. The new Board of Directors of the bank has now be unveiled.

According to statement from the bank, the new board includes Mr. Tunde Hassan-Odukale who becomes the Chairman

While, Mrs. Tokunbo Martins, Mr. Uche Nwokedi, Mr. Adekunle Sonola, Ms. Isioma Ogodazi, Mr. Ebenezer Olufowose and Mr. Ishaya Elijah B. Dodo are all member of the board

However, Dr. Adesola Adeduntan FCA was brought back as the Managing Director/ Chief Executive Officer.

Mr. Gbenga Shobo will be the Deputy Managing Director.

Dr. Remi Oni is one of the Executive Director, likewise Mr. Abdullahi Ibrahim.

Dr. Adesola Adeduntan has since resumed work as CEO in line with the directives of the CBN.

The statement confirmed 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.

The bank 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 amongst the banking public, given that the actions being taken are meant to strengthen the Bank and position it as a banking industry giant”.