Tinubu hails FirstBank’s ex-Group CEO

President Bola Ahmed Tinubu has congratulated Dr Adesola Adeduntan, the retired Group Chief Executive Officer of First Bank Nigeria Limited, for his exceptional service at the premier financial institution.

In celebration of Adeduntan’s remarkable tenure, the 130-year-old First Bank hosted a special ceremony last weekend, expressing gratitude for his contributions over the past nine years.

In a statement signed by his Special Adviser, Bayo Onanuga, Tinubu commended the banker for steering the bank through transformative growth, which included expanding customer accounts from 10 million to over 42 million and elevating profit before tax (PBT) from N10 billion in 2015 to an impressive N300 billion in 2023.

These milestones, the President said, reflected Adeduntan’s visionary leadership and commitment to excellence.

He expressed appreciation for Adeduntan’s willingness to serve the nation in various pivotal roles, including his contributions to the Nigerian Economic Summit Group and other prominent institutions.

His extensive expertise in the financial sector has significantly bolstered Nigeria’s economic landscape, the President said.

Tinubu also lauds the bank’s “solid internal management ethos”, which is responsible for the seamless transition from Adeduntan to the current CEO, Olusegun Alebiosu.