The Central Bank of Nigeria (CBN) has fired the entire members of the board of First Bank of Nigeria Limited.

The apex bank also reinstated Sola Adeduntan as the managing director and chief executive officer of First Bank of Nigeria Limited.

CBN Governor, Godwin Emefiele made the announcement in a press briefing on Thursday.

The CBN had faulted the appointment of Abdullahi Ibrahim as deputy managing director, as well as the appointment of Ini Ebong, Segun Alebiosu, Seyi Oyefeso and Bashirat Odunewu, as executive directors.

Details later…