The Board of First Bank of Nigeria at its meeting on Wednesday, approved the appointment of Mr Gbenga Shobo, currently Deputy Managing Director, as Managing Director designate of the bank. The lender has also appointed Mr. Abdullahi Ibrahim, as its new Deputy Managing Director.
According to the bank, the decision is subject to all regulatory approvals.
Shobo succeeds Adesola Kazeem 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 take effect from today (Wednesday, April 28).
More details soon…