Tag: First Bank of Nigeria Limited

Shell, AFC, GTBank, 6 Other Banks Drag Aiteo to Court Over $2bn Debts

ADESUPO OSOSANYA

The bickering between a group involving Shell, Africa Finance Corporation (AFC), and seven Nigerian bank, and Aiteo Eastern E&P Company Limited over $2 billion loan accessed by Aiteo has degenerated. A high court in England has ruled that Shell Plc, Africa Finance Corporation, and seven Nigerian banks have established their right to block Aiteo Eastern E&P Company Limited from taking legal action when a suit initiated by them against the oil firm has not been resolved. The verdict approving the “final anti-suit injunction” was delivered on April 1, according to…

Read More

Awosika opens up 42 hours after sack by CBN as FirstBank Board Chairman

Precious Ibekwe

  The immediate past Chairman of the Board of First Bank of Nigeria Limited, Dr. Ibukun Awosika, has opened up on her relationship with the First Bank Group family 42 hours after she was fired by the Central Bank of Nigeria (CBN). Awosika, who spoke in a statement, titled: “My FBN Group Journey,” made her position known two days after the Governor of the CBN, Godwin Emefiele, announced her sack alongside other Board members, including Oba Otudeko. Emefiele also announced the reinstatement of the Managing Director/CEO of the Bank, Adesola…

Read More

How FirstBank’s Boardroom War Consumed 1st female Chairman, Awosika, Others

Precious Ibekwe

  Here are the full names of winners and losers in one of Nigerian financial industry’s biggest boardroom tussle   RELATED NEWS:CBN kicks as Messy Boardroom Crisis Rocks FirstBank + Link to Oba Otudeko https://platformsafrica.com/2021/04/29/cbn-kicks-as-messy-boardroom-crisis-rocks-firstbank-link-to-oba-otudeko/ CBN wields big stick, fires all Directors of First Bank  https://platformsafrica.com/2021/04/29/just-in-cbn-wields-big-stick-fires-all-directors-of-first-bank/   The Central Bank of Nigeria on Thursday, wielded its big stick on one of Nigeria’s oldest banks, First Bank of Nigeria Limited, and sacked all the board members of the bank including its Chairman, Board of Directors, Ibukun Awosika. Awosika was appointed First…

Read More