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

Published Apr 29 2021 at 7:57 AM GMT
  • 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.



  • Published Apr 29, 2021 7:57 AM GMT