It’s no longer news that Adesola Kazeem Adeduntan, has resigned as managing director of First Bank Nigeria after nine years at the helms.
Mr Adeduntan had on Saturday served a notice of retirement on the bank, saying he was stepping down with effect from April 20.
The real reason for his sudden departure remains unknown.
In his notice of retirement, Mr Adeduntan wrote to the Chairman of the bank’s board, Tunde Hassan-Odukale, “As you are aware, my contract would be expiring on 31 December 2024 after which I would no longer be eligible for employment within the Bank having served as the Managing Director/Chief Executive Officer of FirstBank for a record time of nine years.
“During this period the Bank and its subsidiaries has undergone significant changes and broken new grounds.
“We have repositioned the institution as an enviable financial giant in Africa.
I have however decided to proceed on retirement with effect from 20 April 2024 to pursue other interests.
“I am eternally grateful to the board of directors of FirstBank and FBN Holdings Plc for the support that I received from them during my stewardship. I wish our iconic institution continue success and progress as we move into the next phase of its evolution.”
Before his retirement, Goalpoacher News gathered that Adeduntan might likely join Oyo gubernatorial race in 2027.
Rumour has it that Adesola Kazeem Adeduntan is likely to join either the opposition All Progressives Congress (APC) or the ruling Peoples Democratic Party (PDP).
Efforts to reach him as at the time of filing this report proved abortive as his cell number wasn’t reachable.