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Nigeria: Inside First Bank Board Shake-Up - How Vested Interests Divide Country's Oldest Lender
Premium Times, 14 May 2021
A key reason for the crisis is the tussle for control of the bank between a block led by Oba Otudeko and Mike Adenuga, who recently emerged as one of the biggest shareholders in… Read more »
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Nigeria: First Bank Reacts to Nigeria's Central Bank Sacking of Its Board
Premium Times, 30 April 2021
First Bank says it will cooperate with the regulator and that its operations are unhampered. Read more »
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Nigeria: Why CBN Sacked First Bank Board - Emefiele
Premium Times, 29 April 2021
Mr Emefiele says for years the bank has been plagued by "bad credit decisions, significant and non-performing insider loans and poor corporate governance practices". Read more »
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Nigeria: First Bank Shares in Biggest Fall in Four Months Amid Board Shake-Up, Profit Drop
Premium Times, 30 April 2021
FBN Holdings woes were compounded as the release of its first quarter earnings report showed a 39 per cent profit drop. Read more »
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Nigeria: Central Bank Dissolves First Bank Board
Premium Times, 29 April 2021
The dramatic move came a day after the apex bank queried the board of First Bank of Nigeria Limited for removing Mr Adeduntan, without obtaining regulatory clearance. Read more »
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Nigeria: CBN Sacks First Bank, FBN Holdings Directors, Retains Adeduntan As MD
Vanguard, 30 April 2021
The Central Bank of Nigeria, CBN, yesterday, removed the Boards of Directors of First Bank of Nigeria Limited and the FBN Holdings Plc. Read more »