BREAKING: CBN Sacks First Bank Board Of Directors, Gives Reason

CBN Sacks First Bank Board Of Directors, listed reasons below..

OnyxNews Nigeria reports that Central Bank of Nigeria has removed all directors on the board of First Bank of Nigeria Limited.

CBN had queried the Board of the bank over the sack of Adesola Adeduntan as the Managing Director/Chief Executive Officer and subsequently appointed Gbenga Shobo as MD/CEO designate without its approval.

SEE ALSO: BREAKING: First Bank Appoints New MD/CEO, Others

The apex bank had also faulted the appointment of Abdullahi Ibrahim as deputy managing director, as well as the appointment of Ini Ebong, Segun Alebiosu, Seyi Oyefeso and Bashirat Odunewu, as executive directors.