CBN Fires First Bank Directors
805740 by Horlamidey 2 weeks ago / 19
News

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 Holding and First Bank Nigeria Ltd.

The PUNCH had earlier reported that the apex bank queried the Board of the 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.

Source:- Punch Ng

cbn bank
Upload Your Music For Just ₦5,000 Only +2347032573381 Upload Your Music For Just ₦5,000 Only +2347032573381

Related Post

Drop Comment Here