Tinubu hails ex-FirstBank MD, Adeduntan, for service

P President Bola Tinubu on Friday congratulated the retired Group Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, for his service at Nigeria’s oldest bank.

The President’s good wishes were contained in a statement signed by Special Adviser to the President (Information & Strategy), Bayo Onanuga.

This weekend, First Bank is set to host a send-off ceremony In celebration of Adeduntan’s tenure at the 130-year-old bank, where he was at the helm of affairs for nine years.

Adeduntan announced his resignation with immediate effect in April, eight months before his tenure expires on December 31, 2024.

According to Onanuga, President Tinubu commended Adeduntan for steering the bank through transformative growth, which includes expanding customer accounts from 10 million to over 42 million and elevating Profit Before Tax from N10bn in 2015 to N300bn in 2023.

These milestones, the President said, reflected Adeduntan’s visionary leadership and commitment to excellence.

“The President expressed his appreciation for Adeduntan’s willingness to serve the nation in various pivotal roles, including his contributions to the Nigerian Economic Summit Group and other prominent institutions. His extensive expertise in the financial sector has significantly bolstered Nigeria’s economic landscape.

“President Tinubu also lauds the bank’s solid internal management ethos, which is responsible for the seamless transition from Adeduntan to the current CEO, Olusegun Alebiosu,” part of the statement read.