The board of First Bank has convened an emergency meeting at the bank’s headquarters in response to the unexpected resignation of the Managing Director, Adesola Adeduntan.
Mr. Adeduntan’s resignation, announced just eight months before his scheduled retirement, has sent shockwaves through the financial sector.
In his resignation letter, he cited a desire to pursue other interests as the reason for his early departure.
Despite his impending exit, Mr Adeduntan attended the Saturday board meeting, which is anticipated to be his final session as the bank’s MD.
The meeting, which began amidst considerable speculation and uncertainty, is still ongoing at the time of this report.
The sudden resignation of such a prominent figure within the bank has raised questions and triggered speculation about the underlying reasons behind his decision.
As stakeholders await further developments from the board meeting, all eyes are on First Bank’s next steps in navigating this unexpected transition.