President Bola Ahmed Tinubu has praised Dr. Adesola Adeduntan, the retired group chief executive officer of First Bank Nigeria Limited, for his outstanding service to the institution.
In honor of Adeduntan’s remarkable tenure, the 130-year-old First Bank is set to hold a special send-off ceremony this weekend to express gratitude for his contributions over the past nine years.
President Tinubu commended Adeduntan for guiding the bank through significant growth, which saw customer accounts increase from 10 million to over 42 million and Profit Before Tax surge from N10 billion in 2015 to an impressive N300 billion in 2023.
“These milestones reflect Adeduntan’s visionary leadership and commitment to excellence,” the president noted.
In a statement released by Bayo Onanuga, the Special Adviser to the President on Information & Strategy, Tinubu acknowledged Adeduntan’s willingness to serve the nation in key roles, including his contributions to the Nigerian Economic Summit Group and other notable institutions.
The president emphasized that Adeduntan’s extensive expertise in the financial sector has significantly strengthened Nigeria’s economic landscape.
Furthermore, President Tinubu praised First Bank’s strong internal management practices, which facilitated a smooth transition from Adeduntan to the current CEO, Olusegun Alebiosu. He extended his best wishes to Dr. Adeduntan for continued success in all his future endeavors.
