Dr. Adesola Adeduntan, the Chief Executive Officer (CEO) and Managing Director of First Bank of Nigeria Limited, has stepped down from his position. Adeduntan’s resignation is effective from April 20, 2024, eight months before the expiration of his tenure on December 31, 2024.
In his resignation letter, Adeduntan expressed his desire to pursue other interests. He stated that his contract would have expired on December 31, 2024, and that he would no longer be eligible for employment within the bank after serving as Managing Director/CEO for nine years.
During his tenure, Adeduntan guided First Bank through significant transformations and milestones. He played a key role in repositioning the institution as a leading financial powerhouse in Africa.
Adeduntan obtained a veterinary medicine degree from the University of Ibadan in 1992. He also holds a Doctor of Science, Honoris Causa from Cranfield University, UK, and an MBA from the same institution.
Before joining First Bank in 2014 as Chief Financial Officer, Adeduntan held senior management roles at KPMG and Citibank Nigeria Limited. He also served as the inaugural Chief Financial Officer/Business Manager and later as a Director at the Africa Finance Corporation.
Adeduntan’s resignation marks the end of an era at First Bank. The Board of Directors and FBN Holdings Plc expressed their gratitude for his contributions and wished him well in his future endeavors. CONTINUE READING
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