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| Gbenga Shobo |
The Management and Board of First Bank of Nigeria Limited
ended their meeting today, 28th of April, 2021 with approved the appointment of
Mr. Gbenga Shobo, as the Managing Director/CEO designate of the bank.
According to the statement Mr. Gbenga Shobo was Deputy
Managing Director within the bank and
also the board appointment is subject to all regulatory approvals. As tradition
of banking industry Gbenga is billed to succeeds Adeduntan who will be leaving
the bank accordance with the bank’s term limit for its Chief Executives, after
successful leading the bank since January 2016. These decisions will take
effect from today, 28th April 2021.
Mrs Ibukun Awosika, Chairman, FirstBank of Nigeria limited
in her statement explained: “We are proud to announce Gbenga Shobo as our new
MD/CEO. His appointment as Deputy proven the resilience of our succession
planning mechanisms and the value we place on our long-stand corporate
governance practices, which underpin the institution’s enduring sustainability
and 127-year legacy.
According to her, Gbenga has had a successful career in the
bank and elsewhere, culminating in his appointment as Deputy Managing Director
(DMD), in 2016 prior to his appointment as DMD, he was the Executive Director
overseeing the Retail Banking/Public Sector businesses in the Lagos & West
Directorate.
“As part of his responsibility for Retail Banking, he has
been instrumental in developing and growing the bank’s Agency banking business,
which today, is the market leader in Agency Banking, leveraging partnerships
and best-in-class technology and bringing banking services to millions of
unbanked and underbanked customers in Nigeria and across various countries
where we operate through our Africa subsidiaries.
“The Board is confident that Gbenga has the experience and
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 markets, delivering value to our stakeholders.
Other appointments are: Abdullahi Ibrahim as Deputy Managing
Director, while Mr. Inu Ebong, Mr. Segun Alebiosu, Mr. Seyi Oyefeso and Mrs
Bashirat Odunewu are appointed as Executive Directors respectively.
‘I would like to thank Sola Adeduntan for his dedication and
effort during his tenure at the Bank,. The board and I are grateful for his
leadership of the bank over the last 5 and half years and believe that the
strong foundations created during his term will provide and excellent basis for
our continued success. We wish him well in his future endeavors outside the
FirstBank Group.”
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