Business

Ibukun Awosika breaks silence after CBN sacks her as First Bank chairman

Ibukun-Awosika

Former chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika, has insisted the decision to sack the reinstated Managing Director of the bank, Adesola Adeduntan, was taken in the best interest of the institution.

Awosika, in a statement posted on her Instagram page, insisted she maintained consistency in her contributions to development of the bank in over five years as chairman.

The Central Bank of Nigeria (CBN) on Thursday, wielded the big stick on Awosika and Chairman of FBN Holdings, Mr. Oba Otudeko.

CBN argued that Adeduntan’s tenure was yet to expire.

She said: “In October 2010, I was appointed to join the board of First bank of Nigeria.

“A few months later, I was appointed to chair the board of its startup FBN Life Insurance Limited (a joint venture with Sanlam of South Africa). As its pioneer chairman, I had the privilege of working with a strong management team led by Val Ojumah.

“Together with the rest of our team we built a company that became profitable in twenty four months and continues to be so.

“In early 2013, I was moved from FBN Life Insurance Ltd to assume the chairmanship of FBN Capital working with a brilliant team led by Kayode Akinkugbe as the Managing Director.

“We worked hard to build the institution, bought Kakawa Discount House which I was again asked by the Group to Chair.

“We eventually merged the companies to create the FBN quest Merchant Bank Group, which I chaired until my appointment as chairman of First Bank of Nigeria on January 1st 2016.

“For over five years, I have worked with a dedicated team of board and management, with the support of the Central Bank of Nigeria to rebuild and restructure the institution for its future.

“This included cleaning up non-performing loans, establishing good operational governance systems and processes, building controls and an effective and robust risk management system.

“I am confident we have brought First Bank of Nigeria to a place where it is more than able to deliver utmost value to its stakeholders and the nation at large.

“As 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, building on all the work that has already been done in the last five plus years.

“Without a shadow of doubt, I will unequivocally state that I have always acted in honor and integrity with the utmost interest of the institution, all our stakeholders and the nation.”

Click to comment
Entertainment News

“Straight for life” Lesbian American model Mya Yafaii ‘repents’ after sleeping with Davido

Davido and new girlfriend all loved up

Popular lesbian American model, Mya Yafaii has testified of the goodness of Nigerian singer, Davido's hot pants.

Mya Yafaii took to Instagram to declare that she is now 'straight for life'.

This comes after she was caugnt on tape with Davido making out, shortly before he (Davido) and one of his baby mama's, Chioma broke up.

Kemi Filani News recalls that Davido and Mya were caught holding hands and having a PDA. This caused Mya's lesbian lover, Young M.A to react, encouraging Mya to 'go for the bags'.

Confirming she has now repented, mya took to her Instagram page and wrote, "Straight for life".

News

Mbaka attacking Buhari because he failed to get contracts – Presidency

Mbaka-Buhari

The Presidency has said that Enugu Catholic Church priest, Rev. Father Ejike Mbaka, is now attacking President Muhammadu Buhari, because of a failed contact bid.

Mbaka, until recently was a strong Buhari supporter.

However, he shocked many Nigerians earlier in the week, when he said the president has failed the nation and should quit or be impeached.

“Nigerians are crying because there’s no security in the country. The National Assembly should impeach the President if he doesn’t want to resign,” he had said.

But responding to Mbaka on Friday, Buhari’s Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, said the clergy was angry with the President for allegedly refusing to circumvent contract award procedures for him.

Entertainment News

OAP Toolz reacts to Pastor Ituah Ighodalo remarriage plans months after his wife’s death

Ibidun Ighodalo Nigerians demand truth

OAP Tolu Oniru-Demuren aka Toolz, has said she is appalled at the question thrown at Pastor Ituah Ighodalo on remarrying months after the death of his wife,  Ibidunni.

In an interview with Silverbird TV, one of the hosts had asked the Senior Pastor of Trinity House when he will be having another woman in his life.

He stated that he and his late wife had a phenomenal relationship, adding that he gave her everything and no longer has much to give to anybody.

The Man of God when asked to disclose when he will likely remarry said “It is a difficult question, Ibidunni and I had a phenomenal relationship, i gave her everything, I don’t have anything to give any other woman, I am sorry, I am...

Most Popular

To Top