Renowned banker, Tunde Hassan-Odukale on Thursday stepped down as the Chairman of First Bank of Nigeria Limited.
First Bank general-secretary, Adewale Arogundade made this known via a statement on the e Nigerian Exchange Group on Thursday.
According to him, Odukale exited the bank following the completion of the cumulative number of years, which is 12 years for a non-executive director, in line with the Central Bank of Nigeria’s Corporate Governance Guidelines.
The statement reads partly: “Consequently, the Board of FirstBank has appointed Mr Ebenezer Olufowose, a Non-Executive Director, as the new Chairman of the Board of Directors of First Bank of Nigeria Limited,” the notice partly read.
Hassan-Odukale, who joined the Board of First Bank of Nigeria Limited as a Non-Executive Director in 2011, is the Managing Director of Leadway Assurance Company Limited.
Olufowose, the Group Managing Director of First Ally Capital Limited, was appointed to the Board of Directors of First Bank on April 29, 2021.
Before joining First Bank Board, he was Executive Director at Access Bank Plc and Citibank Nigeria.
He is expected to bring his over 36 years experience in the financial services industry to consolidate and improve upon the works done by his predecessors.