The Managing Director of First Bank Plc, Dr Adesola Kazeem Adedotun, has informed the Chairman of First Bank, Hassan Odukale, that he will be taking pre-retirement leave.
According to sources, Adedotun mentioned in a letter that although he was initially planning to retire in December, he has decided to start his pre-retirement leave on April 20.
It should be recalled that the Central Bank of Nigeria (CBN) in 2023 retained Dr Sola Adeduntan as the bank’s Managing Director after sacking its board of directors.
This was a day after the bank announced the removal of Adeduntan and Gbenga Shobo as his successor.
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The CBN, however, queried the bank for the move, saying that it did not notify it of the decision to remove Adeduntan who had yet to complete his tenure.
In reinstating Adeduntan and announcing new directors for the bank, the CBN governor reassured the depositors, creditors and other stakeholders of the bank of its (CBN’s) commitment to ensuring the stability of the financial system.
This decision affirmed Adeduntan’s successes and allowed him to continue leading the bank for another three years of its transformation journey.
With the support of both the apex bank and its shareholders, Adeduntan has a strong foundation to drive the bank’s ongoing transformation.
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