Adesola Adeduntan (Dr.), has resigned his position as the managing director (MD) of First Bank Nigeria Limited.
Dr. Adeduntan resigned from his role eight months before the expiration of his tenure as the First Bank MD.
Meanwhile, First Bank Holdings Plc has cancelled its extraordinary general meeting amidst the resignation of the Managing Director.
The bank had scheduled an Extraordinary meeting aimed at raising N300bn capital.
The bank disclosed its decision in a filing on Friday.
FBN said, “the Extraordinary General Meeting of the members of FBN Holdings Plc, earlier scheduled to be held virtually on Tuesday, April 30, 2024, at 10 a.m for the consideration and authorization of the Company to undertake a Capital raise of up to N300,000,000.00 and other ancillary matters is hereby cancelled.”
The decision is coming the same day the MD of the FBNH announced his retirement.
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