The First Bank Saga Gets Messier As Honeywell Issues a Statement Denying Any Wrongdoing

The events of last week involving First Bank Nigeria Plc (FBN) escalated quickly to expose underlying issues that resulted in the sack of the bank’s MD/CEO, Dr. Adesola Adeduntan. Behind the glittering look of the bank, the battle of supremacy was unfolding to uncover insider loan and other malpractices. A report by Nairametrics revealed that the plot to oust Adeduntan was led by factions in First Bank Holdings (FBNH) led by Dr. Oba Otudeko and the former Chairman of the First Bank Ibukun Awosika. According to the report, it started when the bank received a letter of reprimand from the … Continue reading The First Bank Saga Gets Messier As Honeywell Issues a Statement Denying Any Wrongdoing