Breaking: CBN sacks FirstBank board over removal Adeduntan as MD/CEO

CONaira 4 Dollar SchemeVID-19 healthcare funds

CBN Sacks FBN Board over removal of MD/CEO     The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has sacked the entire members of the board of First Bank Holding and First Bank Nigeria Ltd. Emefiele, in his speech broadcasted on national television cited insider abuse, insider credit and breakdown of corporate governance as the reason behind the apex bank’s move. The CBN governor further announced the reinstatement of ousted MD/CEO of First Bank LTD, Dr Sola Adeduntan who was sacked as the MD of the interim…

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FirstBank appoints Gbenga Shobo as new MD/CEO as Adeduntan retires

FirstBank appoints Gbenga Shobo new MD/CEO

First Bank appoints Gbenga Shobo   The board of directors of First Bank of Nigeria has approved the appointment of Gbenga Shobo as the new Managing Director/Chief Executive Officer (CEO), effective from today, Wednesday.   Prior to his promotion, Shobo was the bank’s Deputy Director and he succeeds with Adesola Adeduntan who will be leaving the bank in compliance with the bank’s term limits for CEOs after leading the affairs of the bank since 2016.   Meanwhile, Abdullahi Ibrahim has been appointed as the new Deputy Managing Director, while Mr…

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FirstBank promotes cross border payments in Sub Sahara Africa with First Global Transfer

FirstBank launches a new corporate website

FirstBank promotes cross border payments in Sub Sahara Africa with First Global Transfer   The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal. The First Global Transfer (FGT) initiative is specifically designed to ensure safe, timely and improved efficiency in the transfer of funds across the network of FirstBank subsidiaries in Africa. The FGT is not restricted to FirstBank and FBNBank Customers alone but it is also open to every individual resident in the country the funds transfer is originating from.…

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