Dr. Adesola Adeduntan has resigned from his position as Managing Director of First Bank Limited, effective April 20, 2024.
An official disclosure has yet to be filed with the Nigerian Exchange Group (NGX) as of Friday evening
In his resignation letter, Adedutan stated thus:
“As you are aware, my contract would be expiring on 31 December 2024 after which I would no longer be eligible for employment within the Bank having served as the Managing Director/Chief Executive Officer of FirstBank for a record time of nine years.”
“During this period the Bank and its subsidiaries has undergone significant changes and broken new grounds. We have repositioned the institution as an enviable financial giant in Africa.”
“I have however decided to proceed on retirement with effect from 20 April 2024 to pursue other interests.”
“I am eternally grateful to the board of directors of FirstBank and FBN Holdings Plc for the support that I received from them during my stewardship. I wish our iconic institution continue success and progress as we move into the next phase of its evolution.”