FRIDAY 30TH APRIL 2021

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First Bank: CBN Reinstates Adeduntan, Sacks Otudeko, Bank’s Boards Don’t panic, Emefiele tells depositors, shareholders Moves to recapitalise bank

Obinna Chima in Lagos and James Emejo in Abuja In one fell swoop yesterday, the Central Bank of Nigeria (CBN) removed, effective immediately, all directors of

First Bank Nigeria Limited and those of its parent company, FBN Holdings Plc to stave off a boardroom crisis that led to the shortlived retirement of its Managing Director/Chief Executive Officer, Dr. Adesola

Adeduntan, on Wednesday. However, the CBN Governor, Mr. Godwin Emefiele, at a press conference in Abuja, announced the reinstatement of Adeduntan. He said the central bank

took the actions in order to preserve the stability of the bank and protect minority shareholders and depositors. He also announced the appointment of a former Minister of State for Finance,

Mr. Remi Babalola, as chairman of FBN Holdings. He takes over from Mr. Oba Otudeko who was chairman of First Bank for 12 years before assuming the position of Chairman of FBN Holdings

in 2010. Other new directors on the FBN Holdings’ board are Fatade Oluwole, Kofo Dosekun, Remi Lasaki, Continued on page 16

Presidency Rebukes Ortom for Attacks on Buhari over Benue Killings... Page 8 Friday 30 April, 2021 Vol 26. No 9518. Price: N250

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Bauchi Gov: NNPC Zero Remittance to FAAC, Recipe for Crisis Obinna Chima, Dike Onwuamaeze in Lagos, Chuks Okocha and James Emejo in Abuja L-R: Acting Director-General, National Broadcasting Commission, Prof. Armstrong Idachaba; Chairman, House Committee on Information, National Orientation, Ethics and Values, Hon. Olusegun Odebunmi; Minister of Information and Culture, Alhaji Lai Mohammed; Vice Chairman, Senate Committee on Information and National Orientation, Senator Onyewuchi Ezenwa; and Representative of Lagos State Governor, Mr. Olusina Thorpe, at the launch of the Digital Switch Over in Lagos…yesterday

Bauchi State Governor, Senator Bala Mohammed, yesterday warned that Nigeria will be in Continued on page 16

Military, Police Ring Abuja to Forestall Boko Haram Attack Deploy more personnel as army chief vows to wipe out terror group Security beefed up at N’Assembly

Deji Elumoye and Kingsley Nwezeh in Abuja Abuja, Nigeria’s seat of power, is under a massive security cordon following threats of attacks by insurgents and the increasing wave of banditry

in the contiguous states of Kaduna, Kogi, Nasarawa and Niger States, THISDAY’s investigation has revealed. There has been a wave of kidnappings in the outskirts of the federal capital, notably Continued on page 16

Jonathan Pushes for LG Reform, Autonomy.. Page 5

INCREMENTAL PROGRESS... L-R: Ogun State Governor, Prince Dapo Abiodun; Chairman, Senate Committee on Works, Senator Adamu Aliero; and Minister of Industry, Trade and Investment, Chief Niyi Adebayo, during the inauguration of 10.25km Lusada Junction-Igbesa-Ogun


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