Home » Business » FirstBank says New Board legal
FirstBank

FirstBank says New Board legal

FIRSTBANK: We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited.

Advertisement

Further to the press conference held by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele CON 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.”

READ ALSO  Mobile Banking: First Bank Pegs Transaction Limits At N1 million

Share This:

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

FirstBank

FirstBank unveils TRANSACT and WIN Promo, rewards FirstMonie Wallet customers with exciting prizes

  Advertisement FirstBank: Users of Firstmonie ...

NNPC

NNPC announces new ₦141bn trading surplus

NNPC says it has recorded a ...

FirstBank DecemberIssaVybe: Showing Kindness as You Vybe

Firstbank: Advertisement The roof is already ...

MainOne

Equinix announces MainOne acquisition for $320m

Equinix has today announced the acquisition of ...

FIRSTBANK FirstAdvance bankbank

Having a FirstBank Salary Account can ease your money problems, find out how…

FirstBank: Advertisement “There is always a ...

Skip to toolbar