Following the announcement by the Central Bank of Nigeria (CBN). on the dissolution and reconstitution of the Board of Directors of the First Bank of Nigeria Limited, and the new Board of Directors of the Bank now comprises the following:
Mr. Tunde Hassan-Odukale – Chairmank
Mrs. Tokunbo Martins
Mr. Uche Nwokedi
Mr. Adekunle Sonola
Ms. Isioma Ogodazi
Mr. Ebenezer Olufowose
Mr. Ishaya Elijah B. Dodo
Dr. Adesola Adeduntan FCA – Managing Director/ Chief Executive Officer
Mr. Gbenga Shobo – Deputy Managing Director
Dr. Remi Oni – Executive Director
Mr. Abdullahi Ibrahim – Executive Director
According to a statement signed by the Group Head, Marketing and Corporate Communications Mrs. Folake Ani-Mumuney, Dr. Adesola Adeduntan has since resumed work as CEO in line with the directives of the CBN. The statement indicated that the Bank is cooperating with the Central Bank of Nigeria and other regulators while the operations of the Bank are not hampered or hindered in any way and running smoothly.
Management of the Bank re-assure the public and its esteemed customers and stakeholders in the words of the Governor of the Central Bank in concluding his press conference, “The CBN hereby reassures the depositors, creditors and other stakeholders of the bank of its commitment to ensuring the stability of the financial system. There is therefore no cause for panic amongst the banking public, given that the actions being taken are meant to strengthen the Bank and position it as a banking industry giant.”
First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading financial inclusion services provider in Nigeria for over 125 years.
With over 750 business locations and over 82,000 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 15 million customers. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.
The Bank has been nimble at promoting digital payment in the country and has issued over 10million cards, the first bank to achieve such milestone in the country. FirstBank’s cashless transaction drive extends to having more than 9million people on its USSD Quick Banking service through the nationally renowned *894# Banking code and over 3 million people on FirstMobile platform.
Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership.
Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatization and commercialization schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.
FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years.