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CBN appoints new board for First Bank Limited, FBN Holdings



CBN appoints new board for First Bank Limited, FBN Holdings



The Central Bank of Nigeria (CBN), in exercise of its regulatory authority over money deposit banks in Nigeria, has appointed new boards for First Bank of Nigeria Limited and its parent company FBN Holdings.

The appointments announced Thursday evening followed the sack of both boards of FBN Holdings and First Bank of Nigeria Limited by the apex bank, same day.

For FBN Holdings, the CBN appointed Remi Babalola as Chairman while Uke Eke was appointed as Managing Director. Dr Fatade Abiodun Oluwole, Kofo Dosekun, Remi Lasaki, Dr Alimi Abdulrasaq, Ahmed Modibbo, Khalifa Imam and Sir Peter Aliogo as Directors.

READ: JUST IN: CBN sacks First Bank board, directors

The CBN appointed Tunde Hassan Odukale as the new Chairman of First Bank of Nigeria Limited while the former Managing Director of the bank, Sola Adeduntan was reinstated as Managing Director. Also appointed are Gbenga Shobo (Deputy Managing Director) and two Executive Directors – Remi Oni and Abdullahi Ibrahim.

Appointed as Directors for FBN Limited are: Tokunbo Martins, Uche Nwokedi, Adekunle Sonola, Isioma Ogodazi, Ebenezer Olufowose and Ishaya Elijah B. Dodo.

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