Mr Gbenga Shobo who is the current Deputy Managing Director of First Bank has been appointed as the Managing Director of the bank.
The decision came as a subject to all regulatory approvals.
Mr Shobo who started his career with Coopers & Lybrand, a firm of chartered accountants, in 1986 will succeed Sola Adeduntan, who will be leaving the bank in accordance with the bank’s term limit for its Chief Executives. Sola Adeduntan had led the bank successfully since January 2016. The decision is to be effective from Wednesday, 28th of April.