BREAKING: Top Nigerian Bank Sacks Over 100 Workers in Major Shakeup


Over 100 Workers have been laid off on Monday n a major shake up by the First Bank of Nigeria Plc....

First Bank of Nigeria (FBN) has laid off about 100 senior staff members as part of a significant organizational restructuring. The changes follow the appointment of Olusegun Alebiosu as the bank’s new Managing Director and CEO in June 2024.

The dismissals are seen as part of a strategic effort by FBN's board, led by chairman Femi Otedola, to refresh the leadership with new talent. Some of the departures were voluntary, with senior staff opting to explore other opportunities, while others were a result of non-renewed contracts, including that of a top executive director.

This restructuring reflects the bank's commitment to modernizing its operations and leadership, aiming for stronger growth and better alignment with its evolving business goals.


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