Friday, April 30, 2021

FBN confirms reconstitution of new board, Adeduntan resumes - ITREALMS

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The First Bank of Nigeria Limited has confirmed the reconstitution of its 11-man new board, just as the Dr. Adesola Adeduntan has resumed as directed by the Central Bank of Nigeria, reports 
ITREALMS.
The bank in a corporate statement endorsed on behalf of the management by the Group Head, Marketing & Corporate Communications, Folake Ani-Mumuney made available to ITREALMS revealed that this new board is in confirmation of the pronouncement of the Central Bank of Nigeria (CBN) on the subject.


In part, First Bank said:

"Further to the press conference held by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday, 29 April 2021, 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.

"The Board of Directors of First Bank of Nigeria Limited is now comprised as follows:

1. Mr. Tunde Hassan-Odukale - Chairman
2. Mrs. Tokunbo Martins
3. Mr. Uche Nwokedi
4. Mr. Adekunle Sonola
5. Ms. Isioma Ogodazi
6. Mr. Ebenezer Olufowose
7. Mr. Ishaya Elijah B. Dodo
8. Dr. Adesola Adeduntan FCA – Managing Director/ Chief Executive Officer
9. Mr. Gbenga Shobo – Deputy Managing Director
10. Dr. Remi Oni – Executive Director
11. Mr. Abdullahi Ibrahim – Executive Director

"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.

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

Chuks Egbune/Editor

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