BREAKING: CBN fires First Bank directors

The Central Bank of Nigeria wielded its big stick on First Bank of Nigeria Limited as the apex regulator of the activities of commercial banks on Thursday when it fired the entire members of the board of First Bank Nigeria Ltd.

 

The Newsย  had earlier reported that the apex bank queried the Board of theย  bank for removing Adesola Adeduntan as the Managing Director/Chief Executive Officer, as appointing Gbenga Shobo as MD/CEO designate without regulatory approval.

 

The CBN had also faulted the appointment of Abdullahi Ibrahim as deputy managing director, as well as the appointment of Ini Ebong, Segun Alebiosu, Seyi Oyefeso and Bashirat Odunewu, as executive directors.

 

But at a briefing today, CBN Governor, Godwin Emefiele, announced the sacking of all members of the board of the bank for the supposed affront.

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  1. The Central Bank of Nigeria wielded its big stick on First Bank of Nigeria Limited as the apex regulator of the activities of commercial banks on Thursday when it fired the entire members of the board of First Bank Nigeria Ltd.

  2. The CBN had also faulted the appointment of Abdullahi Ibrahim as deputy managing director, as well as the appointment of Ini Ebong, Segun Alebiosu, Seyi Oyefeso and Bashirat Odunewu, as executive directors.

  3. ๐Ÿƒ๐Ÿผโ€โ™€๏ธ๐Ÿคš๐Ÿผ๐Ÿƒ๐Ÿผโ€โ™€๏ธ๐Ÿƒ๐Ÿผโ€โ™€๏ธ๐Ÿคš๐Ÿผ๐Ÿ™…๐Ÿผโ€โ™€๏ธ๐Ÿ™…๐Ÿผโ€โ™€๏ธ๐Ÿคฉ๐Ÿ™Œ๐Ÿ™…๐Ÿผโ€โ™€๏ธ๐Ÿƒ๐Ÿผโ€โ™€๏ธ

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