Gbenga Shobo Appointed New First Bank Managing Director

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First Financial institution of Nigeria Restricted on Wednesday introduced the appointment of Mr Gbenga Shobo, because the Managing Director/Chief Govt Officer designate of the financial institution.

Naija News stories that Shobo was the Deputy Managing Director of the financial institution earlier than his appointment.

In an announcement to newsmen, First Financial institution Chairman, Mrs Ibukun Awosika, acknowledged that Shobo’s appointment was topic to all regulatory approvals.

She added that Shobo succeeds Dr Sola Adeduntan, who could be leaving the financial institution in accordance with its time period restrict for chief executives, after efficiently main the establishment since January 2016.

“These selections will take impact from immediately, April 28, 2021. We’re proud to announce Gbenga Shobo as our new Managing Director/Chief Govt Officer.

“His appointment has confirmed our resilience of our succession planning mechanisms and the worth we place on our long-standing company governance practices, which underpin the establishment’s enduring sustainability and 127-year legacy.

“Shobo has had a profitable profession within the financial institution and elsewhere, culminating in his appointment because the deputy managing director, in 2016 previous to his appointment as DMD.

“The board is confident that Shobo has the experience and the understanding of the bank and the know-how to lead the bank through this next phase of growth, which is focused on positioning FirstBank as the preeminent bank in our chosen market, delivering value to our stakeholders,” Awosika mentioned.

Awosika mentioned the financial institution additionally appointed Mr Abdullahi Ibrahim as DMD.

In response to her, Mr Ini Ebong, Mr Segun Alebiosu, Mr Seyi Oyefeso and Mrs Bashirat Odunewu have been additionally appointed as government administrators.

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