Former chairman of First Financial institution Nigeria Restricted, Mrs. Ibukun Awosika has stated that the choice to sack reinstated Managing Director of the financial institution, Adesola Adeduntan, was executed in one of the best curiosity of the establishment.

Awosika in an announcement launched through her Instagram account, stated the choice to finish the tenure of Adeduntan because the financial institution’s Managing Director was taken within the financial institution’s greatest pursuits.

“In October 2010, I used to be appointed to hitch the board of First Financial institution of Nigeria and appointed the board of its startup FBN Life Insurance coverage Restricted a couple of months later.

“Along with the remainder of our workforce we constructed an organization that grew to become worthwhile in twenty-four months and continues to be so.

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“I’ve labored with a devoted workforce of board and administration for over 5 years and I’m assured that now we have introduced First Financial institution of Nigeria to a spot the place it’s greater than capable of make supply of utmost worth to the nation at giant.

“As a board, we acted in what we clearly believed to be in one of the best curiosity of the financial institution and we had nice plans and aspirations for the place the financial institution might go to in its future.

“Additionally,vI need to particularly state that I’ve at all times acted in honor and integrity with the curiosity of the establishment, our stakeholders and the nation at coronary heart,” the assertion stated.

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Recall that the Central Financial institution of Nigeria (CBN) earlier sacked all board members/administrators of First Financial institution Holding and First Financial institution Nigeria Restricted.

The event got here after the board of administrators sacked Adesola Adeduntan and appointed Gbenga Shobo as First Financial institution Managing Director.

The CBN Governor, Godwin Emefiele in an announcement, declared that the appointment of Gbenga Shobo was executed with out its approval.

First Financial institution: ‘Resolution to sack Adeduntan was in greatest curiosity’ – Awosika insists


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