After serving as First Bank of Nigeria Limited’s managing director for nine years, Adesola Adeduntan has resigned from the position.
Adesola Adeduntan, the managing director of First Bank of Nigeria Limited, has resigned from his position with the organization following nine years in the top executive role.
His tenure was scheduled to end in December, at which point he was expected to retire.
“I have chosen to go ahead and retire on April 20, 2024, in order to pursue other interests,” he stated in a resignation letter that RAWLOADED was able to inspect.
The premier financial institution in Nigeria, FBN Holdings, whose flagship subsidiary First Bank is a part of, abruptly announced on Saturday morning that it would be calling off its extraordinary general meeting following Mr. Adeduntan’s resignation.
According to FBN Holdings’ statement to the Nigerian Exchange, the meeting was previously “scheduled to be held virtually on Tuesday, April 30, 2024, at 10 am for the consideration and authorization of the company to undertake a capital raise of up to N300,000,000,000.”
In 2014, Mr. Adeduntan began working for First Bank as an executive director and then as the chief financial officer.
Prior to this, he was a director and the first chief financial officer/business manager of the Africa Finance Corporation.
His areas of experience include audit, consultancy, investment and commercial banking, and investment finance.
He formerly served as senior vice president and chief financial officer of Citibank Nigeria Limited in addition to being a top management at the auditing and professional services company KPMG.
