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Friday, 30 April 2021

First Bank Boardroom Crisis: CBN Sacks All Directors, Sweeps Shobo Aside, Reinstates Adeduntan As MD


the action sends a negative signal to the market on the stability of leadership on the board and management

The Central Bank of Nigeria (CBN) on Thursday announced the sacking of all board members/directors of First Bank Holding and First Bank Nigeria Limited.

 Godwin Emefiele, the CBN governor, announced their query when he addressed the media Thursday.

The CBN governor further announced the reinstatement of Adesola Adeduntan as First Bank Managing Director.

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