Adesola Adeduntan resigns as First Bank MD

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Lagos, April 20, 2024 – Adesola Adeduntan, the Chief Executive of First Bank of Nigeria (FBN), has resigned from the office, reliable sources in the industry said.

His resignation is coming just as Femi Otedola stepped in as the chairman of FBN Holdings, the parent company of the bank.

Otedola, the Chairman of Geregu Power Plc, acquired substantial stake in First Bank in August last year to become the new Chairman of FBN Holdings in January 2024.

He succeeded Ahmad Abdullahi. (GBN)

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