The Central Bank of Nigeria wielded its big stick on First Bank of Nigeria Limited as the apex regulator of the activities of commercial banks on Thursday when it fired the entire members of the board of First Bank Nigeria Ltd.had earlier reported that the apex bank queried the Board of the bank for removing Adesola Adeduntan as the Managing Director/Chief Executive Officer, as appointing Gbenga Shobo as MD/CEO designate without regulatory approval.
The CBN 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. But at a briefing today, CBN Governor, Godwin Emefiele, announced the sacking of all members of the board of the bank for the supposed affront.
Ola_yemmie
solotiny Person wey see una now go think say no be una dey give dem method of extorting money from their customers 🙄😒 Awon oni yeye!
CBN can fire First bank directors for misdemeanor, but access bank been killing Nigerians slowly and CBN sees nothing wrong with that?
Hope my money is safe sha oh
This intervention by the CBN is rather emotional and hasty and infact, uncalled for. For me, its a calculated attempt to erode the confidence and goodwill FBN has acquired over time. CBN by its admission could not wait to get response to query issued, why the arrogance?
Well I don't know if the Central Bank has vested interest in First Bank, but they are the regulatory body, so they can do and undo.
cenbank definitely has more than banking interest in this matter. You are now appointing Chairman and MD for shareholders. I ask, is first bank holding a bank 🏦? FirstBankngr
Nawa oooo ontop of all this crisis in Nigeria,so they want to add them to the list of unemployed youth or would they compasent them ?
The banker must have done what Northern elites doesn't like.. you know Dem dey press that CBN governor like TV remote? BiafraExitNow BiafraExitNow BiafraExitNow BiafraExitNow BiafraExitNow
Lol, Bank fires bank directors, it's a normal thing. 😂
APC oh.... Finish the country..
Please what’s the implication on my saved up cash there? Somebody please enlighten me, so I can quickly make an informed decision. I can’t afford to lose even 1k in that account.
Na him print the money?
CBN just took over FBN. Wow
Emefiele will scatter the banking system before leaving, what's so special about the reinstated Adetutan?
Make I comot my 2k before nigbati nigbati
No meetings with the board, no memo, just 🔥 for 🔥. Power tussle.
Wuna say wahala na wetin
What's happening really? 👀
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