First Bank Announces New Directors as Gbenga Shobo Officially Leaves Following CBN's New Rule

• First Bank of Nigeria has announced the appointment of new Group Executive Directors for its South and North operations
• The appointments follow the departure of former Group Executive Director Gbenga Shobo, who has officially left the bank
• The two new directors will bring a combined 50 years of wealth of experience in the banking industry

FirstBank of Nigeria has announced changes to its top management positions, including outgoing and new appointments.

Gbenga Shobo, the Deputy Managing Director, is leaving his position in compliance with the Central Bank of Nigeria (CBN)'s new rules.

Shobo's time with First Bank ended on February 27, 2023, a corporate document obtained from Nigerian Exchange showed.

He first joined First Bank’s board in 2012 and, in previous years, functioned in several roles, including executive director overseeing the Retail Business in the South Directorate.

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New appointments for First Bank

First Bank of Nigeria, in the corporate release, also announced the appointment of new executives.

Oluseyi Popoola Oyefeso will get the role of Executive Director, Retail Banking Directorate, South of the bank.

He formally held the position of Group Executive of Retail Banking South Division and, before then, Group Executive of Commercial and Retail Banking Lagos and West Division.

First Bank describes Oyefeso as a multi-skilled professional with robust banking experience, proven problem-solving abilities, and strong leadership skills.

The statement reads:

"He is a competent leader and team player who has demonstrated the ability to develop positive business relationships, as evidenced by a remarkable track record of business growth."

Another appointment

Also, DailyNigerian reports that Aishatu Bubaram has also been appointed as the Group Executive of Commercial Banking North Division.

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Bubaram's appointment makes her the first female from Northern Nigeria to attain an executive management position in the bank.

She has over 25 years of industry experience, having previously worked with Standard Trust Bank and United Bank for Africa Plc.

Ecobank new CEO resumes office

In a similar report, Jeremy Awori has assumed his role as the new CEO of Ecobank Transnational Incorporated (ETI)

Awori, who brings over 25 years of experience in the banking industry, is excited to lead the bank's next phase of growth in Africa.

Ecobank is a leading pan-African bank in over 30 countries across the continent.

Source: Legit.ng