CBN sacks First Bank, Holdco’s boards, reinstates Adeduntan

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN)

In a shocking response to the removal of First Bank managing director, Sola Adeduntan, by its board, the Central Bank of Nigeria (CBN) has, with immediate effect dissolved the board of the bank and directed the removal of all the directors. It also reinstated Adeduntan as the CEO. The CBN rather

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