{"id":42195,"date":"2021-05-02T15:38:53","date_gmt":"2021-05-02T15:38:53","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=42195"},"modified":"2021-05-02T15:38:14","modified_gmt":"2021-05-02T15:38:14","slug":"first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists","title":{"rendered":"First Bank: \u2018Decision to sack Adeduntan was in best interest\u2019 \u2013 Awosika insists"},"content":{"rendered":"

Africa-Press<\/a> – Nigeria<\/a>. <\/strong><\/span>Former chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika has said that the decision to sack reinstated Managing Director of the bank, Adesola Adeduntan, was done in the best interest of the institution.<\/p>\n

Awosika in a statement released via her Instagram account, said the decision to end the tenure of Adeduntan as the bank\u2019s Managing Director was taken in the bank\u2019s best interests.<\/p>\n

\u201cIn October 2010, I was appointed to join the board of First Bank of Nigeria and appointed the board of its startup FBN Life Insurance Limited a few months later.<\/p>\n

\u201cTogether with the rest of our team we built a company that became profitable in twenty-four months and continues to be so.<\/p>\n

\u201cI have worked with a dedicated team of board and management for over five years and I am confident that we have brought First Bank of Nigeria to a place where it is more than able to make delivery of utmost value to the nation at large.<\/p>\n

\u201cAs a board, we acted in what we clearly believed to be in the best interest of the bank and we had great plans and aspirations for where the bank could go to in its future.<\/p>\n

\u201cAlso, I want to specifically state that I have always acted in honor and integrity with the interest of the institution, our stakeholders and the nation at heart,\u201d the statement said.<\/p>\n

Recall that the Central Bank of Nigeria (CBN) earlier sacked all board members\/directors of First Bank Holding and First Bank Nigeria Limited.<\/p>\n

The development came after the board of directors sacked Adesola Adeduntan and appointed Gbenga Shobo as First Bank Managing Director.<\/p>\n

The CBN Governor, Godwin Emefiele in a statement, declared that the appointment of Gbenga Shobo was done without its approval.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Former chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika has said that the decision to sack reinstated Managing Director of the bank, Adesola Adeduntan, was done in the best interest of the institution. Awosika in a statement released via her Instagram account, said the decision to end the tenure of Adeduntan […]<\/p>\n","protected":false},"author":84,"featured_media":42194,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[4026,1570,2140,4054,4027,254],"class_list":["post-42195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-adeduntan","tag-africa-press","tag-africa-press-nigeria-2","tag-awosika","tag-first-bank","tag-nigeria"],"yoast_head":"\nFirst Bank: \u2018Decision to sack Adeduntan was in best interest\u2019 \u2013 Awosika insists - Nigeria<\/title>\n<meta name=\"description\" content=\"Former chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika has said that the decision to sack reinstated Managin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Bank: \u2018Decision to sack Adeduntan was in best interest\u2019 \u2013 Awosika insists\" \/>\n<meta property=\"og:description\" content=\"Former chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika has said that the decision to sack reinstated Managin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-02T15:38:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/05\/img-608ec7362b10b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"First Bank: \u2018Decision to sack Adeduntan was in best interest\u2019 \u2013 Awosika insists\",\"datePublished\":\"2021-05-02T15:38:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists\"},\"wordCount\":309,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/05\/img-608ec7362b10b.jpg\",\"keywords\":[\"Adeduntan\",\"Africa Press\",\"Africa Press-Nigeria\",\"Awosika\",\"First Bank\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/first-bank-decision-to-sack-adeduntan-was-in-best-interest-awosika-insists\",\"name\":\"First Bank: \u2018Decision to sack Adeduntan was in best interest\u2019 \u2013 Awosika insists - 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