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Home » Aftermath Of 1st Bank Boardroom War : CBN Sacks Awosika, Otudeko

Aftermath Of 1st Bank Boardroom War : CBN Sacks Awosika, Otudeko

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Posted by Town Crier News Nigeria

By Dedeigbo Ayodeji

The Central Bank of Nigeria descended heavily on First Bank of Nigeria Limited, weeding out the entire members of the board of First Bank Nigeria Ltd and First Bank of Nigeria Holdings Plc in one fell swoop.
Town Crier News Nigeria recalls that the apex bank which regulates the banking activities of all commercial banks in the country, queried the Board of the  bank for sacking Adesola Adeduntan as the Managing Director/Chief Executive Officer, and appointing Gbenga Shobo as MD/CEO designate without regulatory approval.
The CBN had also faulted the appointment of the quartet of Abdullahi Ibrahim as deputy managing director, Ini Ebong, Segun Alebiosu, Seyi Oyefeso and Bashirat Odunewu as executive directors.

But later today, the CBN Governor, Godwin Emefiele, announced the sacking of all members of the board of the bank for the supposed affront.


                      •OtudekoPersons affected by the CBN’s hammer are Mrs Oba Otudeko, Ibukun Awosika among others.

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