The Board of First Bank at its meeting, on Wednesday, approved the appointment of Mr. Gbenga Shobo, currently a Deputy Managing Director, as Managing Director-designate of the bank.
This decision is, however, subject to all regulatory approvals.
Mr. Shobo will succeed Sola Adeduntan, who will be leaving the bank in accordance with the bank’s term limit for its Chief Executives, after successfully leading the bank since January 2016.
These decisions took effect from today (Wednesday, April 28).
Details later…