Read Sacked First Bank Chairman, Ibukun Awosika’s Response To Her Removal

A former Chairman, Board of Directors of First Bank of Nigeria Limited, Ibukun Awosika, has said that she acted in honour and integrity when she chaired the board of the embattled bank.

Mrs Awosika made this known in a statement on Friday titled, ‘My FBN Group Journey’.

The former chairman was removed by the Central Bank of Nigeria on Thursday, alongside all the board members of the bank.

The decision, the apex bank said, was made “to protect 31 million customers, minority shareholders of First Bank of Nigeria Ltd.”

The CBN also announced the immediate appointment of Tunde Hassan-Odukale as Chairman of the bank. Mr Hassan-Odukale, until his appointment, was the Managing Director of Leadway Assurance Company

Various times, Mrs Awosika was chairman of the board of FBN Life Insurance Ltd, FBN Capital, and FBN quest Merchant Bank Group, which she chaired until her appointment as Chairman of First Bank of Nigeria in 2016.