First Bank of Nigeria Ltd will this weekend celebrate its former managing director and chief executive officer Adesola Adeduntan.
The bank will host a send-off ceremony in celebration of Adeduntan’s tenure at the 130-year-old bank where he was at the helm of affairs for nine years.
Adeduntan announced his resignation with immediate effect in April, eight months before his tenure expires on December 31, 2024.
In a statement on Friday by presidential spokesman Bayo Onanuga, President Bola Tinubu congratulated Adeduntan.
“President Tinubu commends him for steering the bank through transformative growth, which includes expanding customer accounts from 10 million to over 42 million and elevating profit before tax from N10 billion in 2015 to an impressive N300 billion in 2023,” the statement said.
These milestones, the president noted, reflected Adeduntan’s visionary leadership and commitment to excellence.
“The President expresses his appreciation for Adeduntan’s willingness to serve the nation in various pivotal roles, including his contributions to the Nigerian Economic Summit Group and other prominent institutions. His extensive expertise in the financial sector has significantly bolstered Nigeria’s economic landscape.
“President Tinubu also lauds the bank’s solid internal management ethos, which is responsible for the seamless transition from Adeduntan to the current CEO, Olusegun Alebiosu. President Tinubu wishes Dr Adeduntan continued success in all his future endeavours,” the statement added.
