Friday, December 3

Tag: Nigeria’s oldest banks

First Bank Shake-Up: Hassan-Odukale Replaces Awosika As Chairman
Business

First Bank Shake-Up: Hassan-Odukale Replaces Awosika As Chairman

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 Bank Chairman in September 2015, making her one of the first women to hold the esteemed position. However, the apex bank on Thursday, announced the immediate appointment of Tunde Hassan-Odukale as Chairman of First Bank. Before his appointment, Hassan-Odukale was the Managing Director of Leadway Assurance Company. The re-organisation of First Bank by the regulator was not unconnected to the removal of Adesola Adeduntan as the Managing Director/Chief Executive Officer of the bank and the appointment of Gbenga Shobo as MD/...

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