President Bola Ahmed Tinubu has congratulated Dr. Adesola Adeduntan, the former Group Chief Executive Officer of First Bank Nigeria Limited, as he wraps up his nine-year tenure at the bank.
- In recognition of Dr. Adesola Adeduntan’s leadership, First Bank, one of Nigeria’s oldest financial institutions, will host a send-off ceremony this weekend.
- Under his tenure, the bank experienced significant growth, increasing customer accounts from 10 million to over 42 million.
- Additionally, Profit Before Tax surged from N10 billion in 2015 to N300 billion in 2023.
- In a press release by Bayo Onanuga, the Special Adviser on Information and Strategy to the President, the President acknowledged Dr. Adesola Adeduntan’s achievements as indicators of his role in driving the bank’s expansion and contributions to the financial sector.
- The President also noted Adeduntan’s involvement in various economic and financial bodies, including the Nigerian Economic Summit Group, and his influence within the industry.
- He commended First Bank’s smooth leadership transition to the current CEO, Olusegun Alebiosu, emphasizing the bank’s effective management practices.
Adesola Adeduntan retired from First Bank in April 2024, concluding his nine-year tenure, and was succeeded by Olusegun Alebiosu, the bank’s former Chief Risk Officer.
