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CBN Sacks First Bank Directors, Reinstates Adeduntan As MD/CEO

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The Central Bank of Nigeria (CBN) has sacked all the board members of First Bank Nigeria Ltd and First Bank of Nigeria Holdings Plc.

The apex bank had queried the Board of the bank for removing Adesola Adeduntan as the Managing Director/Chief Executive Officer and appointing Gbenga Shobo as MD/CEO designate without regulatory approval.

The CBN also faulted appointment of Abdullahi Ibrahim as Deputy Managing Director as well as the appointment of Ini Ebong, Segun Alebiosu, Seyi Oyefeso and Bashirat Odunewu, as executive directors.

But at a briefing on Thursday , CBN Governor, Godwin Emefiele, announced the sacking of all members of the board of the bank for the supposed affront.

Emefiele also reinstated Adeduntan as the MD/CEO of the bank

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Re:NYSC Shuns Applications By Southern Medical Corps Members Who “Desperately” Want To Redeploy From North Due To Insecurity

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The attention of NYSC Management has been drawn to a story with the above caption, making the rounds on social media. The write-up is a misrepresentation of facts.

In a statement issued by the NYSC’s Deputy Director of Press and Public Relations Emeka Mgbemena on Sunday in Abuja said the report is misrepresentation of facts.

According to the statement, in accordance with the Relocation Policy of the Scheme, the exercise is carried out based on two grounds, namely; Marital and Health grounds.

Relocation on the ground of marriage is applicable only to female Corps Members. On the ground of health, the Corps Member’s medical history must be presented, with a written application.

It is imperative to state that in NYSC, all lives matter, just like the Director-General has emphasised on so many fora. The safety and well-being of Corps Members and members of staff remains of paramount importance to the Corps.

However, Corps Members at all times must also be security conscious and never treat their safety with levity, by unduly putting themselves in harm’s way through risky behaviours.

Rest assured, the Scheme in all matters on deployment of Corps Members, relies strictly on the advisories from the security agencies.

It is therefore advisable for clarifications to be sought from the Scheme on issues pertaining to its operations, to avoid the error of inaccurate reportage, or outright spread of falsehood and misinformation.

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