Tunde Hassan-Odukale has stepped down as the Chairman of First Bank of Nigeria Limited paving the way for the appointment of Mr Ebenezer Olufowose, a Non-Executive Director, as the new Chairman of the Board of Directors of First Bank of Nigeria Limited.
The company’s Secretary, Adewale Arogundade, in a notice on Thursday to the Nigerian Exchange Group said Hassan-Odukale’s exit followed the completion of the cumulative number of years, which is 12 years for a non-executive director, in line with the Central Bank of Nigeria’s Corporate Governance Guidelines.
“Consequently, the Board of FirstBank has appointed Mr Ebenezer Olufowose, a Non-Executive Director, as the new Chairman of the Board of Directors of First Bank of Nigeria Limited,” the notice partly read.
