First Bank of Nigeria Limited has disclosed the appointment of Patrick Iyamabo, as its Executive Director.
In a statement in which this disclosure was made, the Chief Executive Officer (CEO) of First Bank, Dr. Adesola Adeduntan said even though Iyamabo’s appointment is subject to the regulatory approval of the Central Bank of Nigeria (CBN), she’s delighted at it.
’We are delighted with the appointment of Mr Patrick Iyamabo, as his elevation to the board is hinged on his excellent track record and the level of commitment he has demonstrated to the FirstBank Group.
“Since joining FirstBank, Iyamabo has played a key role in repositioning the Group and has remained at the forefront of delivering to the bank’s strategic goals as we have collectively reinforced our impact in driving financial inclusion and providing Nigerians with world-class financial services,” the statement quoted Adeduntan as saying.
What you should know about Iyamabo, the new ED of First Bank
- Prior to Iyamabo’s appointment as executive director of FirstBank, he served as the chief financial officer of FirstBank and its subsidiaries, having joined the bank in August 2016 from First City Monument Bank Limited where he served as its senior vice president of strategy and M&A and then, the group chief financial officer of FCMB Holdings.
- Iyamabo joined FirstBank as part of the efforts to strategically turn around the group and address fundamental challenges facing the institution at that time. He had been responsible for strategic leadership and supervision of financial control, internal control, enhancement and enterprise data management, and analytic function.
Meanwhile, First Bank last traded N10.7 per share on the Nigerian Exchange Limited (NGX).
