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.
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.”
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