Headline

First Bank Issues Statement On Constitution Of New Board

Advertisement
Advertisement

First Bank has issued a corporate statement on the new board constitution.

In a statement titled “CORPORATE STATEMENT ON THE NEW BOARD CONSTITUTION” signed by the Management made available to NewsOnline Nigeria, First Bank said it referred to “the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited.

 

ALSO: First Bank Releases List Of New Board Of Directors (Full List)

 

The statement added that “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.”

 

According to the statement, the Board of Directors of First Bank of Nigeria Limited is now comprised as follows:

 

ALSO: First Bank Corporate Website Gloried As It Makes Banking Easy

 

Mr. Tunde Hassan-Odukale – Chairman
Mrs. Tokunbo Martins
Mr. Uche Nwokedi
Mr. Adekunle Sonola
Ms. Isioma Ogodazi
Mr. Ebenezer Olufowose
Mr. Ishaya Elijah B. Dodo
Dr. Adesola Adeduntan FCA – Managing Director/ Chief Executive Officer
Mr. Gbenga Shobo – Deputy Managing Director
Dr. Remi Oni – Executive Director
Mr. Abdullahi Ibrahim – Executive Director
The statement continued that “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,” the statement added.

Advertisement
NewsOnline Nigeria

Recent Posts

  • Education

BREAKING: President Tinubu Appoints Joseph Ikechebelu As UNIZIK VC

President Tinubu has appointed Joseph Ikechebelu as the new acting UNIZIK VC.   NewsOnline Nigeria…

13 hours ago
  • Headline

BREAKING: FG Gives 3 States, FCT One Week Deadline To Submit Report On State Police

FG has given 3 States and FCT a week's deadline to submit a report on…

13 hours ago
  • Headline

BREAKING: ICC Issues Arrest Warrants For Netanyahu, Gallant, Deif

 ICC has issued arrest warrants for Netanyahu, Gallant and Deif.   NewsOnline Nigeria reports that…

14 hours ago
  • Crime Watch

Nnamdi Kanu Drags Nigerian Government To Court Over Secret Trial Without Legal Team

Nnamdi Kanu has dragged the Nigerian Government to court over a secret trial without the…

14 hours ago
  • Economy And Business

BREAKING: Senate Gives President Tinubu Swift Approval For $2.2bn Loan

Senate has given President Tinubu swift approval for $2.2bn loan request.   NewsOnline Nigeria reports…

14 hours ago
  • Crime Watch

How Simon Ekpa Was Arrested By Finnish Authorities Over Violence In South East

Details of how Simon Ekpa was arrested by Finnish Authorities over violence in the South…

14 hours ago