First Bank: CBN Reinstates Adeduntan, Sacks Otudeko, Bank’s Boards

•Don’t panic, Emefiele tells depositors, shareholders
•Moves to recapitalise bank

Obinna Chima in Lagos and James Emejo in Abuja

In one fell swoop yesterday, the Central Bank of Nigeria (CBN) removed, effective immediately, all directors of First Bank Nigeria Limited and those of its parent company, FBN Holdings Plc to stave off a boardroom crisis that led to the shortlived retirement…

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