Awosika breaks silence on sack as First Bank chairman

May 1, 2021
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Sacked First Bank chairman, Ibukun Awosika has finally broken her silence on her sack and other Board members of First Bank of Nigeria by the Central Bank of Nigeria, CBN.

In a post on her Instagram page, titled: “My FBN Group Journey,” Awosika insisted that the decision to sack reinstated Managing Director of the bank, Adesola Adeduntan, was taken in the best interest of the institution.

According to her, “For over five years, I have worked with a dedicated team of board and management, with the support of the Central Bank of Nigeria to rebuild and restructure the institution for its future. This included cleaning up non-performing loans, establishing good operational governance systems and processes, building controls and an effective and robust risk management system.

“I am confident we have brought First Bank of Nigeria to a place where it is more than able to deliver utmost value to its stakeholders and the nation at large.”

Awosika said as a board, “we acted in what we clearly believed to be in the best interest of the bank and we had great plans and aspirations for where the bank could go in its future, building on all the work that has already been done in the last five plus years.

“Without a shadow of doubt, I will unequivocally state that I have always acted in honor and integrity with the utmost interest of the institution, all our stakeholders and the Nation.”

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