It’s no longer news that astute banker, Dr Adesola Adeduntan has resigned his position as the Managing Director of First Bank. It has also become a stale gist that the front-runner financial institution has since named Olusegun Alebiosu as his replacement. In fact, the announcement came a day after Adeduntan tendered his resignation. What has remained a major topic of discussion in some quarters, however, is the strange circumstances surrounding Adeduntan’s resignation. A report monitored on Reportersatlarge suggested that “Adeduntan abruptly informed the board of his desire to resign, effective from April 20, eight full months before his third term of three years end, which he won as a reprieve by former CBN governor Godwin Emefiele.” According to the report, Adeduntan’s sudden resignation couldn’t be understood but it may not be unconnected to a directive from the Central Bank of Nigeria (CBN) according to the report. Adeduntan who was supposed to retire in December 2024, the report
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