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First Bank’s Adesola Adeduntan Bags ‘Best Chief Executive Officer’ Award

Dr. Adesola Adeduntan has been adjudged the 'Best Chief Executive Officer' of the year at the Digital Innovation and Excellence awards, held recently in Accra, Ghana.

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First Bank Adesola Adeduntan, Global transactions get easier with Firstbank’s Card Offerings, FBNQuest Trustees Marks 40th Anniversary of preserving legacies in Nigeria, Ellah Lakes Plc announces close period for H1 2019 results The Board of Directors of Ellah Lakes Plc has announced that the company would be meeting on the 22nd October 2019 to consider, among other matters, the audited financial statements of the Company for the financial year ended 31 July, 2019. The Company also announced the commencement of a closed period with effect from 7 October 2019, until 24 hours after the Company’s Audited Financial Statements is filed with The Exchange. Top executives, directors, advisers, and many others at Ellah Lakes Plc have been barred from trading in the company’s shares ahead of the meeting of board of directors of Ellah Lakes. This was disclosed in a notification which was sent to the Nigerian Stock Exchange (NSE). https://www.nse.com.ng/Financial_NewsDocs/27720_ELLAH_LAKES_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf The announcement is in line with rule 17.18 of Part 2 (Issuer’s Rules) of the NSE’s Rule Book (2015) which states that, “The period of closure shall be effective from fifteen (15) days prior to the date of any meeting of the Board of Directors proposed to be held to consider any of the matters referred to above or the date of circulation of agenda papers pertaining to any of the matters referred to above, whichever is earlier, up to twenty-four hours after the price-sensitive information is submitted to the Exchange. The trading window shall thereafter be opened. Every issuer shall notify the Exchange in advance of the commencement of each closed period.” Why this matters: The close period will allow the board to consider the company’s unaudited financial statements for the third quarter. Other company issues will also be discussed during the meeting of the Board of Directors. What is a close period? A close period is a period before the release of a company’s result or financial statement when of course, those with sensitive information are not allowed to trade on the stock. These individuals may include company directors, audit committee members, persons discharging managerial responsibility, employees and consultants with sensitive information. About the company: Ellah Lakes Plc is a fish farming company., FBN processed 237 million transactions in two weeks, amid COVID-19 lockdown, First Bank Holdings declares a Profit after Tax of N26 billion in Q1 2020
Managing Director, First Bank of Nigeria Plc, Adesola Adeduntan

The Chief Executive Officer, First Bank of Nigeria Limited (FirstBank), Dr Adesola Adeduntan has been adjudged the ‘Best Chief Executive Officer’ of the year at the Digital Innovation and Excellence Awards, held recently in Accra, Ghana.

The awards, which climaxed the Digital Banking Summit was aimed at rewarding individuals and groups whose contribution and efforts have spurred growth in the banking industry across Africa.

Dr Adeduntan who has been at the helm of affairs of FirstBank, FBN Bank Ghana’s parent Bank since 2016 had ensured the rollout of the Group’s digital banking strategy, which aims to leverage new and evolving technologies to facilitate access to everyday financial services for consumers and businesses alike.

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Receiving the award on behalf of Dr Adeduntan in Accra on Friday, Victor Yaw Asante, the Managing Director of FBN Bank Ghana said the award amply speaks to Dr Adeduntan’s commitment to driving the financial inclusion agenda of FirstBank as well as its subsidiaries across Africa.

“On behalf of Dr Adeduntan and his management team at First Bank of Nigeria Limited, I will like to thank you for recognising the Bank’s unrelenting quest to meet the needs and preferences of our customers with our deployment of a full bouquet of digital banking services.

Victor Yaw Asante stated that “though humbling, this award reminds us to keep listening and to demonstrate an understanding of our customers’ busy, modern lives and connect with them through the provision of solutions that not only meet their needs but also delivers relevant experiences that meet their expectations.

 “We would deepen our collaboration with our partners and strive to replicate our success in Nigeria across all our subsidiaries,” he said.

This award adds to the rich ‘awards shelf’ of First Bank since the turn of the year, as the Bank has been recognized beyond the shores of Nigeria for its leading role at promoting technological inclusion, cashless transactions and financial inclusion in the fast revolving and technological driven financial industry in Nigeria.

Amongst the many awards bagged by the premier and leading financial institution in Nigeria include; Cashless Driver: Highest Volume in Bill Payments and Cashless Driver: Highest Transaction Volume in Real-Time Payments at the CBN Electronic Payments Incentive Scheme (EPIS) Efficiency Awards. Other awards are; Most improved Mobile Banking Application, Highest Transacting Bank (across Interswitch’s Solutions) and Highest Number of Verve Transacting Cards (Unique Cards) at the Interswitch Connect Sales Dinner & Awards Night as well as Best Banking Brand in Nigeria 2019 by Global Brands Magazine.

[READ ALSO: FirstBank to Empower 500 Widows through its SPARK Initiative]

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