First Bank Accepts CBN New Board As Adeduntan Resumes

First Bank of Nigeria Limited on Friday said its Chief Executive Officer, Dr. Adesola Adeduntan, who was earlier removed has resumed back to his office in the same capacity.

The bank also said it is cooperating with the Central Bank of Nigeria on the board newly constituted for the bank

This was sequel to The pronouncement on the reconstitution of new board of directors for the bank by the Central Bank of Nigeria on Thursday.

At a press conference by the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, in Abuja on Thursday, said the boards of FBN Holdings Plc and First Bank of Nigeria Limited were dissolved and reconstituted, pursuant to its power under Banks and Other Financial Institutions Act (BOFIA) 2020.

In a statement on Friday titled ‘Corporate statement on the new board constitution’, First Bank said, “Dr. Adesola Adeduntan has since resumed work as CEO in line with the directives of the CBN.

“We can confirm that the bank is cooperating with the Central Bank of Nigeria and other regulators while the operations of the bank are not hampered or hindered in any way and are in fact running smoothly.”

It added that, “We further wish to reassure the public, our esteemed customers and stakeholders in the words of the Governor of the Central Bank in concluding his press conference;

“The CBN hereby reassures the depositors, creditors and other stakeholders of the bank of its commitment to ensuring the stability of the financial system.

“There is therefore no cause for panic among the banking public, given that the actions being taken are meant to strengthen the bank and position it as a banking industry giant.”

The statement said the board of directors of First Bank of Nigeria Limited now comprised of Mr Tunde Hassan-Odukale – Chairman; Mrs Tokunbo Martins; Mr Uche Nwokedi; Mr Adekunle Sonola; Ms Isioma Ogodazi; Mr Ebenezer Olufowose; Mr Ishaya Dodo; Dr. Adesola Adeduntan – managing director/ chief executive officer; Mr Gbenga Shobo – deputy managing director; Dr. Remi Oni – executive director; and Mr Abdullahi Ibrahim – executive director.

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Ortom Deserves Commendation Not Condemnation –

We read the statement signed by Senior Special Assistant to the President on media and publicity, mallam Garba Shehu in which he said President Muhammadu Buhari had expressed “his disappointment and sadness to hear Samuel Ortom, the Governor of Benue State make a litany of accusations against his person and his government following the recent unfortunate incidents in the state”.

Shehu was referring to Governor Ortom’s clarion call on the President to act decisively and in an unbiased manner to end the spate of killings by Fulani herdsmen in Benue and other parts of the country.

We are convinced that Mr President was not aware that his aide Shehu made such a statement on his behalf. It is clear that the media aide didn’t speak for the President in the said statement. President Buhari wouldn’t have given approval for such a reckless and insensitive press release.

What is wrong with Governor Ortom’s call on the President to address the nation, convene a national security summit and declare a state of emergency on security, following the spate of killings taking place in Benue and the remaining states of the federation?

Governor Ortom is not the only one who is worried by the worsening security situation in the country and has called on the President to rise to his responsibilities by declaring a state of emergency on security and convening a summit to address the numerous security challenges bedeviling the nation. Many other Nigerians of good conscience have at different times made similar calls. What the Governor therefore deserves is commendation and not condemnation.

If Garba Shehu claims that the President is disappointed in the Benue State Governor for speaking against the sustained attacks on his people, we wonder how he feels about the killings in North East, North West, South East, South West and other parts of the North Central. Are those killings occurring as a result of the comments of Governors of the affected states?

It is shocking that Shehu would make a statement regarding an attack evidently carried out by Fulani herdsmen and there won’t be a single sentence of reproach directed at the violent Fulani herders. Such a deliberate omission smacks of complicity and tacit support for the killer herders.

Shehu is aware that Governor Ortom has on several occasions raised alarm against activities of the rampaging herdsmen whose sole aim is to take over the ancestral lands of Benue people and other Nigerians. The Governor has written letters to the Federal Government and made other spirited efforts to have the government at the centre take preventive measures against further attacks on Benue communities. The Federal Government has repeatedly ignored such patriotic calls, insisting rather that cattle routes of the 1950s be re-opened to grant easy passage to the pastoralists and their animals.

The posture of the Federal Government has made many Nigerians to conclude that it is complicit and its inaction has emboldened the armed herdsmen to cause greater havoc across the country.

The President is Commander-in-Chief of the Armed Forces. The job of a Governor is to support security agencies to perform their duties, and this, Governor Ortom has done efficiently to the admiration of many Nigerians.

When President Buhari gave a shoot on sight order to security agencies against persons bearing AK47, Governor Ortom was one of the first to support the presidential directive. Minister of Defence came out a few weeks later to counter the President’s order and we expected a reaction from the Presidency but till this minute, no such reaction has been heard.

What Garba Shehu ought to know is that Governor Ortom has no personal grudge against the President. The Governor is only being patriotic by calling for justice, equity, fairness and above all the rule of law. He expects the President to be the leader of every Nigerian and treat all as his people.

Terver Akase

Chief Press Secretary

April 30, 2021.

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