First Bank Issues a Corporate Statement on the New Board Constitution 

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    First Bank of Nigeria Limited has issued a corporate statement on the reconstitution of the board.

    According to the bank, “we refer to the Central Bank of Nigeria, CBN, pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited”.

    “In Furtherance  to the press conference held by the Governor of the Central Bank of Nigeria, 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:

    Tunde Hassan-Odukale – Chairman, Tokunbo Martins,  Uche Nwokedi,  Adekunle Sonola,  Isioma Ogodazi and Ebenezer Olufowose.

    Others are Ishaya Elijah B. Dodo, Adesola Adeduntan, Managing Director/ Chief Executive Officer, Gbenga Shobo – Deputy Managing Director,  Remi Oni – Executive Director,  Abdullahi Ibrahim – Executive Director.

    Adesola Adeduntan according to the bank 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,” stated the bank.

     

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