First Financial institution Restricted appoints Ebenezer Olufowose as chairman

First Financial institution Restricted appoints Ebenezer Olufowose as chairman

First Financial institution Holdings the guardian firm of First Financial institution Nigeria has appointed Ebenezer Olufowose as chairman of its banking subsidiary following the completion of Tunde Hassan-Odukale’s12-year tenure. 

In April, Adesola Adeduntan, the CEO of First Financial institution of Nigeria Restricted, resigned after spending 9 years within the place. Following his resignation, the group canceled the extraordinary normal assembly deliberate for April 30, 2024, to approve plans for a capital elevate. 

Adeduntan and Odunkale had been the one survivors of a 2021 CBN-led boardroom shake-up that swept away all of the financial institution’s administrators. With each gone, the financial institution will stay up for getting again on the road for recapitalisation

Ebenezer Olufowose, the group managing director of First Ally Capital Restricted, was appointed to the board of administrators of First Financial institution of Nigeria Restricted on April 29, 2021

The brand new chairman who holds a first-class honours diploma from the College of Lagos, began his banking profession in 1985 at NAL Service provider Financial institution Plc. He has labored for 36 years within the monetary providers trade with particular experiences in company finance, mission finance, and funding banking to the board. 

Earlier than becoming a member of the board, he was government director at Entry Financial institution Plc, and Citibank Nigeria, the place he led Citigroup’s origination, structuring, and evacuation of company finance and funding banking transactions in Nigeria, according to a filing on the Nigerian Exchange.  

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