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Tag: First Bank Of Nigeria

Why CBN sacked board of First Bank

Why CBN sacked board of First Bank

Business
For years, the CBN has used Adeduntan as a check against attempts by directors of First Bank to secure insider loans, a major source of conflict between the CBN and Oba Otudeko. Everything seemed well on the 27th of April 2020 after FBN Holdings completed its Annual General Meeting held at the Oriental Hotel Lekki. Following the AGM, the bank recommended a dividend payment of N16.15 billion out of a profit after tax of N65.9 billion. The bank also announced the appointment of Mr Seni Adetu, Mrs Julier Anammah and Mr Out Hughes as non-executive directors of the bank. It also re-elected Mr Oye Hassan Odukale, Dr Adesola Adeduntan and Otunba Mrs Debola Osibogun as directors of the bank. Everything seemed well on the 27th of April 2020 after FBN Holdings completed its Annual ...
First Bank presents devices to Lagos Government to boost e-learning

First Bank presents devices to Lagos Government to boost e-learning

Economy
First Bank of Nigeria Limited, has presented 20,000 units of e-learning devices to the Lagos State government. The devices are planned for distribution to school children. The event was held at the State House in Marina, Lagos. With the gesture, the Lagos State governor, Babajide Sanwo-Olu said the State had found a “real development partner” in FirstBank, noting that the intervention came at a time the Government was massively deploying technology to transform the conventional mode of teaching and learning. The presentation of these devices which is also in partnership with Robert & John (an edu-tech company who owns Roducate) is part of activities implemented to close the gap caused by the disruption in children education’s due to schools’ closure, following the COVID-19 pa...