CBN Fires All Directors On First Bank Board, Appoints New Chairmen

The CBN Governor, during a press briefing on Thursday ordered the removal of the boards of both First Bank of Nigeria (FBN) and FBN Holdings Plc.

The announcement comes on the heels of the CBN’s ultimatum to First Bank to call in a credit facility extended to Honeywell Flour Mills.

The regulator has also reinstated Sola Adeduntan as the…

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