CBN wields big stick, fires all Directors of First Bank

  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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