Day: April 29, 2021

CBN wields big stick, fires all Directors of First Bank

Tade Salako

  How boardroom squabble led to reinstatement of sacked MD Adeduntan but consumed Abdullahi Ibrahim as deputy managing director; Ini Ebong, Segun Alebiosu, Seyi Oyefeso and Bashirat Odunewu, as executive directors The Central Bank of Nigeria(CBN) on Thursday fired the entire members of the board of First Bank Nigeria Ltd and First Bank of Nigeria Holdings Plc. The apex bank has earlier 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. READ ALSO:…

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BREAKING: Nigeria declares Monday, May 3, Public Holiday

Aliyu Aliyu

  Minister of Interior, Ogbeni Rauf Adesoji Aregbesola, who made the declaration on behalf of the Federal Government, congratulated Nigerian Workers for witnessing this year’s celebration.     The Nigerian Government has declared Monday, May 3, 2021, public holiday to mark this year’s International Workers Day Celebration. The Minister of Interior, Ogbeni Rauf Adesoji Aregbesola, who made the declaration on behalf of the Federal Government, congratulated Nigerian Workers for witnessing this year’s celebration. He commended them for their patience, understanding and support in driving the policies and programmes of the…

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CBN kicks as Messy Boardroom Crisis Rocks FirstBank + Link to Oba Otudeko

Gbenga Adeoti

  Here is why depositors should worry as CBN smells rat, queries FirstBank over removal, hasty replacement of Adeduntan as MD without approval    The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval. The removal and hasty replacement of the MD, checks by Platforms Africa showed, was a result of messy Boardroom crisis rocking the bank, in which the name of ex-board chairman and a major shareholder in the…

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Minister, 379,256 Indians contract COVID-19, death rate hits 3,645 in 1 day

Wonuola Olujobi

  How total number of COVID-19 cases in India surged pass 18 million, more than half of the entire population of Ghana, about three times the population of Togo. India has a new record in daily Coronavirus pandemic (COVID-19) infections with more than 379,257 cases recorded in the past 24 hours, figures from India’s Health Ministry showed on Thursday. In addition, 3,645 people died as a result of the disease, the ministry said. From May, all adults in India are to be able to get vaccinated. When people were able…

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