Nigeria’s oldest Bank, First Bank, has reportedly sacked about 100 senior members in a significant restructuring.....Click Here To Read Full Article >>
A report disclosed on Monday, December 30, 2024 that the bank’s top executives were asked to leave as part of corporate restructuring and repositioning ahead of 2025.
The executives allegedly resigned voluntarily. The move also followed the June confirmation of Olusegun Alebiosu as the bank’s managing director and chief executive officer.
The report by TheCable quoted sources as saying that the sack might be part of a concerted effort by the board to inject fresh blood into several leadership cadres in the bank.
Another source reportedly revealed that some exits were voluntary for senior executives who wanted to explore other career options.
The report, which Legit.ng has yet to confirm, said the sack affected a top executive director whose term was not renewed under agreed-upon circumstances.
Otedola reportedly demands sack of top executives
Previous reports disclosed that on December 9, 2024, the bank’s Chairman, Femi Otedola, asked Folake Ani-Mumuney to step aside as the bank’s global head of marketing and corporate communications.
Otedola reportedly demanded Ani-Mumuney’s resignation after it emerged that a massive sum was spent on a send-off party for Adesola Adeduntan, the bank’s ex-managing director.
Be the first to comment