Adesola Adeduntan: Meet First Bank CEO who resigned on CBN’s order
Adesola Kazeem Adeduntan, Managing Director and CEO of First Bank of Nigeria Ltd, has resigned from his role, departing voluntarily on April 20 instead of waiting until December 31, 2024, when his tenure was set to end.
Having led the bank for nine years, he cited reaching the end of his contract as the reason for his departure.
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Adeduntan expressed gratitude to the board of directors and FBN Holdings for their support during his time at the institution.
He had been appointed CEO in 2016, following previous roles as executive director and CFO at First Bank and in leadership positions at Africa Finance Corporation and Citibank Nigeria Limited.
Here are some things to know about Adesola Kazeem Adeduntan:
- CEO of First Bank Nigeria Limited, leading the institution for three terms.
- Started as Executive Director and Chief Financial Officer of FirstBank Group before becoming CEO in 2016.
- Sacked as MD/CEO of First Bank in 2021 but reinstated by the Governor of the Central Bank of Nigeria.
- Previously served in key roles at Africa Finance Corporation, Citibank Nigeria Limited, KPMG Professional Services, and Arthur Andersen Nigeria.
- Holds a Doctor of Science, Honoris Causa, and an MBA from Cranfield University Business School.
- Attended leadership programs at Harvard, Cambridge, Oxford, and INSEAD.
- Alumnus of the University of Ibadan with a Doctor of Veterinary Medicine degree.
- Director of Africa Finance Corporation (AFC), Nigeria Interbank Settlement System PLC (NIBSS), and FMDQ OTC Securities Exchange.
- Fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Bankers of Nigeria.
- Recognized with numerous awards including Forbes Best of Africa – Outstanding Leader in Africa, African Banking Personality of the Year, and Bank CEO of the Year by AES Excellence Club.
- Member of various organizations including the Bretton Woods Committee, Sigma Educational Foundation, and the Private Sector Coalition Against COVID-19 (CACOVID) in Nigeria.
- Member of the Board of Lagos State Security Trust Fund, advocating for social good and service to humanity.
