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Mr. Adesola Adeduntan returned MD of First Bank
The Central Bank of Nigeria (CBN) on Thursday fired all the directors of First Bank of Nigeria (FBN) Limited and First Bank of Nigeria (FBN) Holdings Plc.
Mr. Godwin Emefiele, CBN Governor, announced their sack at a press briefing over the purported ouster of the Bank’s Managing Director, Mr Adesola Adeduntan and appointment of Mr. Gbenga Shobo by the board on Wednesday.
Mr. Godwin Emefiele, while addressing journalists, said the decision was taken to safeguard the financial system, following the crisis that greeted the purported changes at FBN.
Adeduntan, who was earlier sacked by the board, was however, reinstated by the apex bank.