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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Developing Story: First Bank Fingered In Forgery Scandal

Developing Story: First Bank Fingered In Forgery Scandal

Posted on May 1, 2019 Authornewsheadline247

The jury is still out on why an institution like the First Bank PLC of Nigeria would condescend to forge signatures, lie about a non-existent relationship with a lawyer, and, consequently, bring its decades of hard-earned reputation into self-inflicted disrepute. As the story goes, the banking behemoth had claimed that it hired one Godwin Imakhai,

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First Bank Wallows in ‘Sea of Debts’! Confiscates over 100 assets of billionaire debtors

BUSINESS, NEWS

First Bank Wallows in ‘Sea of Debts’! Confiscates over 100 assets of billionaire debtors

January 8, 2018

Intrigues as banker confiscates over 100 assets of billionaire debtors

If the Nigerian bank is truly a graveyard for ghastly debts, then First Bank Plc, could be the greatest undertaker among contemporary banks.

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