After nine years as the managing director of First Bank of Nigeria Limited, Adesola Adeduntan has resigned from his position.
He was set to retire in December upon completing his full tenure.
“I have however decided to proceed on retirement with effect from 20 April 2024 to pursue other interests,” he said in a copy of his resignation letter.
First Bank, the flagship subsidiary of FBN Holdings, abruptly canceled an extraordinary general meeting on Saturday morning following Mr. Adeduntan’s resignation.
The meeting had been earlier “scheduled to be held virtually on Tuesday, April 30, 2024, at 10 am for the consideration and authorisation of the company to undertake a capital raise of up to N300,000,000,000,” FBN Holdings said in its notification to the Nigerian Exchange.
