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Boardroom Drama: Nigeria's Central Bank Queries First Bank for Replacing CEO Without Approval

Published Apr 29 2021 at 7:57 AM GMT
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  • The Central Bank of Nigeria (CBN) on Wednesday queried the board of First Bank Nigeria Limited over the removal of the Managing Director/Chief Executive of the bank, Dr Adesola Adeduntan, saying the action was without regulatory approval.
  • The apex bank said the board’s move has “dire implications for the bank and also portends significant risks.



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  • Published Apr 29, 2021 7:57 AM GMT