National Telescope national telescope newspaper
Dr. Adesola Adeduntan, the Managing Director of First Bank Nigeria Limited, has announced his resignation from the position.
Adeduntan’s departure marks the end of his nine-year tenure, during which he oversaw the bank’s operations and strategic direction for three terms.
First Bank is set to introduce Adeduntan’s successor, who will lead the bank’s expansion efforts amidst stiff competition in the financial industry.
Reports indicate that Adeduntan, who has served as MD since July 2014 and CEO since 2016, made the decision to resign immediately, eight months before his tenure ends on December 31, 2024.
His pre-retirement leave will commence from Saturday, April 20, 2024, according to his resignation letter.
Adeduntan mentioned in his letter that he is departing to pursue other interests, as reported by ThisDay.
In his resignation letter, Adeduntan expressed gratitude to the board of directors of FirstBank and FBN Holdings Plc for their support during his leadership. He also wished the institution continued success as it enters its next phase of growth.”
