JUST IN: CBN Governor sacks all First Bank directors

First Bank

The Central Bank of Nigeria (CBN) has sacked all the directors of First Bank of Nigeria (FBN) Limited and First Bank of Nigeria (FBN) Holdings Plc.

The CBN Governor, Mr. Godwin Emefiele, declared their dismissal at a press conference on Thursday, following the alleged ouster of the Bank’s Managing Director, Mr. Adesola Adeduntan, and the board’s selection of Mr. Gbenga Shobo on Wednesday.

CBN Governor, Mr. Godwin Emefiele, while addressing journalists, said the decision was taken to safeguard the financial system, following the crisis that greeted the purported changes at FBN.

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Adeduntan, who was earlier sacked by the board, was however, reinstated by the apex bank.

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