Why First Bank introduced FMAP – Adeduntan, CEO

The Chief Executive Officer of FirstBank Nigeria Plc, Dr Adesola Adeduntan, has said the bank’s decision to introduce the skill development programme, FirstBank Management Associates Programme (FMAP), was informed by the need to reinvest in its human capital and create the kind of leadership needed for its future growth.

Adeduntan, while speaking at the graduation ceremony of 28 successful candidates of the inaugural programme held virtually, stated that FMAP had become imperative if the bank was to experience successful leadership transition without compromising quality.

He stated that the 24-month programme, which started in 2018, with a total of 48 candidates selected from thousands of entries and applications, received nationwide, is targeted at young, dynamic, self-motivated and highly-driven individuals, with the right skill-set and excellent leadership potential, among junior and entry-level cadre staff.

He added that the bank also extended entries and applications for the programme enrolment to the public, to make the programme more inclusive and competitive.

“This is part of the Bank’s strategic objectives of infusing and developing leadership at requisite levels across its staff hierarchy. This is aimed at building the next generation of leaders who will be groomed to drive the Bank’s vision of being Africa’s bank of first choice,” he concluded.

Dr Adeduntan added that at the end of the programme, successful candidates would be moved to middle management, thereby becoming management associates, irrespective of their grades at the point of entry.

According to him, cross- country postings and secondment opportunities would also be offered to such staff to provide them with global exposure and network.

While charging the graduates of the scheme to resume in their duty posts, with the aim of displaying the knowledge they have acquired in the classroom in the past two years.  He, however, charged them to be wary of job offers that might promote them above their competence.

“We deliberately didn’t sign a bond with you. We know people will come around to poach you. But my candid advice to you all is to be careful so that you don’t get an offer that will promote you above your competence,” the First Bank boss stated.

Commending the bank for coming up with the programme, one of the trainers, Funmi Adepoju, expressed the belief that the graduates had shown tenacity and hard work, throughout the two-year period of the programme, to be able to add a lot of value to the banking profession.



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