Tinubu Congratulates Adeduntan as FirstBank Celebrates former MD

President Bola Ahmed Tinubu has congratulated Dr. Adesola Adeduntan, the retired Group Chief Executive Officer of First Bank Nigeria Limited, for his service at Nigeria’s oldest bank.

According to a statement from the Special Adviser to the President on Information and Strategy, Bayo Onanuga, in celebration of Adeduntan’s tenure, the 130-year-old First Bank would host a special send-off ceremony this weekend, to express gratitude for his contributions over the past nine years.

“President Tinubu commends him for steering the bank through transformative growth, which includes expanding customer accounts from 10 million to over 42 million and elevating profit before tax from N10 billion in 2015 to an impressive N300 billion in 2023,” it added.

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

“The President expresses his 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.

“President 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. President Tinubu wishes Dr Adeduntan continued success in all his future endeavours,” it added.