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Hassan-Odukale Exit FirstBank as Chairman After 12 Years as Board Appoints Olufowose

Hassan-Odukale Exit FirstBank as Chairman After 12 Years as Board Appoints Olufowose

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 to takeover from exiting Mr Tunde Hassan-Odukale.

This follows the expiration of the tenure of the former Chairman, Mr Tunde Hassan-Odukale who has completed 12 years for a non-executive director.

The Company’s Secretary, Adewale Arogundade, while updating the Nigerian Exchange Group of recent development within the bank, in a notice on Thursday, said Hassan-Odukale’s exit followed 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.

“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.

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.

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