Is this not another case of regulatory overreach? The sequence of event and the speed at which the board were replaced seems premeditated.
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Central Bank May Sanction Nigeria’s First Bank Over Appointment Of New CEO | Sahara ReportersThe appointment of a new CEO, Shobo, to replace the former CEO, Dr Sola Adeduntan, had been disclosed by the bank in a statement made by the bank’s Chairman, Ibukun Awosika. cenbank FirstBankngr Does this not tantamount to meddling in the internal affairs of a private business? How does the removal of an MD the business of cenbank ? Emefiele and CBN have started going nuts. Obviously the out gone MD is a person of special interest to the CBN and for some fishy reasons
Source: SaharaReporters - 🏆 9. / 63 Read more »
BREAKING: CBN sacks First Bank directors, reinstates Adeduntan as MD/CEO %The Central Bank of Nigeria (CBN) has sacked all the board members of First Bank Nigeria Ltd and First Bank of Nigeria Holdings Plc. Wow. So the CBN has such unchecked powers? So what is the use of the CAMA law? How dare First Bank appoint a non Hausa/fulani muslim to be CEO? Just watch what the very predictable Boko Haramist in Aso Rock would do afterwards. If they have such power to revoked the remover of first bank MD, why did they not revoke the sacked of over 4000 contract staff. Because they are model slave in banking industries. God Will help us the contract staff in various bank.
Source: TheNationNews - 🏆 6. / 69 Read more »
BREAKING: CBN fires all First Bank directors, reintstates Adeduntan as MD - Daily Post NigeriaThe Central Bank of Nigeria (CBN) has sacked all board members/directors of First Bank Holding and First Bank Nigeria Ltd. CBN Governor, Godwin Emefiele,
Source: DailyPostNGR - 🏆 11. / 59 Read more »
CBN dissolves First Bank board, reinstates Sola Adeduntan as MDThe dramatic move came a day after the apex bank queried the board of First Bank of Nigeria Limited for removing Mr Adeduntan, without obtaining regulatory clearance. Well deserved appointment Is FBN an employee of CBN? I just don't understand why CBN meddling into the internal affairs of the lender Omo! 😨 With the jubilation & cow slaughtering in Shobo camp? This feem go sweet.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
UPDATED: CBN sacks First Bank directors, reinstates Adeduntan as MD/CEOThe Central Bank of Nigeria (CBN) has sacked some key board members of First Bank Nigeria (FBN) and First Bank of Nigeria Holding Plc... MobolajiDadson read this
Source: TheNationNews - 🏆 6. / 69 Read more »