Former chairman of First Bank Nigeria Limited, Mrs. Ibukun
Awosika has said that the decision to sack reinstated Managing Director of the
bank, Adesola Adeduntan, was done in the best interest of the institution.
Awosika in a statement released via her Instagram account,
said the decision to end the tenure of Adeduntan as the bank’s Managing Director
was taken in the bank’s best interests.
“In October 2010, I was appointed to join the board of First
Bank of Nigeria and appointed the board of its startup FBN Life Insurance
Limited a few months later.
“Together with the rest of our team we built a company that
became profitable in twenty-four months and continues to be so.
“I have worked with a dedicated team of board and management
for over five years and I am confident that we have brought First Bank of
Nigeria to a place where it is more than able to make delivery of utmost value
to the nation at large.
“As a board, we acted in what we clearly believed to be in
the best interest of the bank and we had great plans and aspirations for where
the bank could go to in its future.
“Also, I want to specifically state that I have always acted
in honor and integrity with the interest of the institution, our stakeholders
and the nation at heart,” the statement said.
Recall that the Central Bank of Nigeria (CBN) earlier sacked
all board members/directors of First Bank Holding and First Bank Nigeria
Limited.
The development came after the board of directors sacked
Adesola Adeduntan and appointed Gbenga Shobo as First Bank Managing Director.
The CBN Governor, Godwin Emefiele in a statement, declared
that the appointment of Gbenga Shobo was done without its approval.
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