Adeduntan leaves after 9-years leading Nigeria’s oldest bank
Business a.m.
Adesola Adeduntan
Adesola Kazeem Adeduntan left First Bank of Nigeria Limited, Nigeria’s oldest banking institution, which he led for nine years as managing director and chief executive officer.
His retirement from his position followed an illustrious journey marked by exemplary leadership and innovative financial solutions to reposition the bank as an enviable financial titan in Africa.Adeduntan disclosed his voluntary retirement in a letter which was addressed to Tunde Hassan-Odukale, the First Bank chairman, titled, “Notice of Retirement.” The bank CEO noted that while his tenure was scheduled to conclude on December 31, 2024, he opted to embark on his pre-retirement leave on April 20, 2024, taking a decisive step towards closing the chapter of his illustrious leadership journey with the premier bank.
Having led First Bank Nigeria Limited as the CEO since January 1, 2016, Adeduntan’s voluntary resignation marks the end of a glorious era as he now sets his sights on exploring new opportunities and avenues that would further fuel his ambition and passions beyond the walls of the bank.
In his letter of resignation, Adeduntan explained that his decision to step down was in pursuit of other interests, signalling his unwavering commitment to personal and professional growth even as he bowed out from his esteemed role at the bank.
Adeduntan’s nine year period as MD/CEO of First Bank Limited has ushered in a new era of transformation for the financial institution, one that has breathed new life into the bank and expanded its appeal beyond its traditional clientele. Under his leadership, the bank has cast off its old-school image, becoming a vibrant and dynamic force in the Nigerian banking landscape that attracts customers across all segments of society, from the most affluent to the unbanked, thanks to its innovative offerings and relentless commitment to excellence.
Adeduntan’s illustrious career in banking and finance, spanning over three decades, has propelled him to the pinnacle of professional recognition, having amassed many awards and accolades that serve as a testament to his unwavering dedication and remarkable expertise.