By Kolawole Ojebisi
There are reports that the First Bank of Nigeria (FBN) has laid off about 100 senior staff members in a major organisational shakeup.
According to the report published on Nairametrics on Monday, sources familiar with the matter said the shakeup may not be unconnected with change of leadership in the management of the bank which led to the emergence and confirmation of Olusegun Alebiosu as its Managing Director (MD) and Chief Executive Officer (CEO) in June.
The report stressed that the bank’s top executives were asked to leave as part of its corporate restructuring and repositioning plan for 2025 to kickstart Alebiosu’s tenure.
The report maintained that the exit of the staff appear to be part of a concerted effort by the board of Furst Bank to introduce fresh blood into several leadership positions in the bank.
However, another source within the bank said some of those who left were voluntary, especially for senior executives who intend to explore other career prospects and paths.
The publication said the shakeup also affected a prominent executive director whose tenure was not renewed over mutually agreed circumstances.
Recall that on December 9, Femi Otedola reportedly asked Folake Ani-Mumuney to resign as the bank’s global head of marketing and corporate communications on account of ethical breaches.
