Ibukun Awosika Breaks Silence On Her Removing As First Financial institution Chairman

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ibukun awosika breaks silence on her removing as first financial institution chairman Ibukun Awosika Breaks Silence On Her Removing As First Financial institution Chairman ibukun awosika speks on her removal as first bank chairmanFirst Financial institution Chairman, Ibukun Awosika has disclosed that she acted in honour and integrity with the utmost curiosity of the establishment, all stakeholders, and the nation.

The Central Financial institution of Nigeria (CBN) had final Wednesday eliminated all administrators of First Financial institution Nigeria Restricted and people of its guardian firm, FBN Holdings Plc together with Ibukun Awosika, and the Chairman of First Financial institution Holding, Oba Otudeko.

The apex financial institution had queried the Board of the financial institution for eradicating Adesola Adeduntan because the Managing Director/Chief Government Officer and appointing Gbenga Shobo as MD/CEO designate with out regulatory approval.

At a press briefing held on April 29, Godwin Emefiele, the governor of the CBN, queried the board of administrators’ choice to take away Adeduntan with out due session with regulatory authorities.

Emefiele reinstated Adeduntan because the managing director and chief government officer of First Financial institution of Nigeria Restricted.

Awosika took to Instagram on Friday to talk on the event.

In October 2010, I used to be appointed to affix the board of the First Financial institution of Nigeria.

A couple of months later, I used to be appointed to chair the board of its start-up FBN Life Insurance coverage Restricted (a three way partnership with Sanlam of South Africa). As its pioneer chairman, I had the privilege of working with a powerful administration group led by Val Ojumah.

Along with the remainder of our group, we constructed an organization that grew to become worthwhile in twenty-four months and continues to be so.

In early 2013, I used to be moved from FBN Life Insurance coverage Ltd, to imagine the chairmanship of FBN Capital working with an excellent group led by Kayode Akinkugbe because the Managing Director.

We labored laborious to construct the establishment, purchased Kakawa Low cost Home which I used to be once more requested by the Group to Chair. We finally merged the businesses to create the FBN quest Service provider Financial institution Group, which I chaired till my appointment as Chairman of First Financial institution of Nigeria on January 1st, 2016.

For over 5 years, I’ve labored with a devoted group of board and administration, with the help of Central Financial institution of Nigeria to rebuild and restructure the establishment for its future. This included cleansing up non-performing loans, establishing good operational governance methods and processes, constructing controls, and an efficient and strong threat administration system.

I’m assured we’ve introduced First Financial institution of Nigeria to a spot the place it’s greater than capable of ship utmost worth to its stakeholders and the nation at giant.

As a board, we acted in what we clearly believed to be in the perfect curiosity of the financial institution and we had nice plans and aspirations for the place the financial institution might go to in its future, constructing on all of the work that has already been performed within the final five-plus years.

With out a shadow of doubt, I’ll unequivocally state that I’ve all the time acted in honor and integrity with the utmost curiosity of the establishment, all our stakeholders and the Nation.

Thanks.

 

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