Corporate Statement On The New Board Constitution

Corporate Statement On The New Board Constitution

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We allude to the Central Bank of Nigeria (CBN) profession on the reconstitution of the Board of Directors of First Bank of Nigeria Limited.

Further to the question and answer session 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 broken down and reconstituted, as per its force under Banks and Other Financial Institutions Act (BOFIA) 2020.

The Board of Directors of First Bank of Nigeria Limited is presently included as follows:

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

Dr. Adesola Adeduntan has since continued work as CEO in accordance with the orders of the CBN.

We can affirm that the Bank is helping out the Central Bank of Nigeria and different controllers while the activities of the Bank are not hampered or blocked at all and are indeed running easily.

We further wish to console the general population, our regarded clients and partners in the expressions of the Governor of the Central Bank in finishing up his public interview, “The CBN therefore consoles the investors, loan bosses and different partners of the bank of its obligation to guaranteeing the steadiness of the monetary framework. There is hence no reason for alarm among the financial public, given that the moves being made are intended to reinforce the Bank and position it as a financial industry monster.”

Marked

The executives

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