Apparently dissatisfied with the explanations offered by the group regarding its sack of Dr. Adesola Adeduntan as chief executive of First Bank of Nigeria Limited, its flagship, the Central Bank of Nigeria (CBN), on Thursday wielded the big stick, sacking Oba Otudeko, Chairman of FBN Holdings Plc.
The CBN, while reinstating Adeduntan, also fired Mrs. Ibukun Awosika, chairman of the bank, as well as other directors of the group, except the MD, Uke Kalu Eke.
For First Bank of Nigeria Limited, besides Adeduntan, the DMD, Gbenga Sobo was retained, while Tunde Hassan Odukale was appointed chairman, replacing Mrs. Ibukun Awosika.
Addressing a press conference monitored live from Lagos, Godwin Emefiele named Remi Babalola, a one-time executive director of the bank and later Minister of State, Finance as a replacement for Otudeko.
Other directors of FBN Holdings as announced by the apex bank are:
Dr. Fatade Abiodun Oluwole
Dr Alimi AbdulRazak
Alhaji Ahmed Modibbo
Alhaji Khalifa Imam
Uke Kalu Eke, MD
For the bank:
Tunde Hassan Odukale- chairman
Tokunbo Martins, for CBN Director of Banking Supervision
Isaya Elijah Dodo
Dr. Sola Adeduntan MD/CEO
Gbenga Sobo, DMD