BREAKING: Tunde Odukale exits as Chairman of FirstBank Ltd, to be replaced by Ebenezer Olufowose
FBN Holdings has announced that Mr. Tunde Hassan-Odukale has officially stepped down as Chairman of First Bank of Nigeria Limited, following the expiration of his tenure.
His departure marks the end of a 12-year tenure on the board, adhering to the tenure guidelines set by the Central Bank of Nigeria for Non-Executive Directors.
Stepping into this key leadership role, Mr. Ebenezer Olufowose has been appointed as the new Chairman. Olufowose, who joined the FirstBank Board as a Non-Executive Director in April 2021, brings a robust portfolio of experience spanning over three decades in the financial sector.
Prior to his new role, he served as the Group Managing Director of First Ally Capital Limited, a notable investment banking firm in Lagos.
Odukale’s exit also follows that of the former Managing Director of First Bank Ltd Adesola Adeduntan who also resigned following attaining the maximum tenure limit for the bank.
Tunde Hassan-Odukale joined the Board of First Bank of Nigeria Limited as a Non-Executive Director in 2011. He is the Managing Director of Leadway Assurance Company Limited.
As the Managing Director of Leadway Assurance Company Limited, he plays a significant role in the insurance industry.
Before his involvement with FirstBank, Ebenezer Olufowose had significant roles at other prestigious institutions.
His professional memberships include honorary senior membership of the Chartered Institute of Bankers of Nigeria, and fellowships with the Institute of Credit Administration and the Association of Investment Advisers and Portfolio Managers.
As Mr. Ebenezer Olufowose takes on his new role as Chairman, his extensive experience and strategic vision are expected to drive FirstBank towards continued growth and success in Nigeria’s dynamic banking landscape.
His leadership qualities and proven track record in investment banking are anticipated to bring fresh perspectives to FirstBank’s strategies and operations moving forward.
