Business
First Bank sacks 100 staff


In a sweeping organizational overhaul, First Bank of Nigeria (FBN) has reportedly dismissed about 100 senior staff members.
According to a report by Nairametrics on Monday, the mass shakeup comes in the wake of Olusegun Alebiosu’s appointment as the bank’s Managing Director and Chief Executive Officer in June.
Sources suggest the move is part of a strategic effort by the board, chaired by billionaire businessman Femi Otedola, to inject new talent into leadership roles and reposition the bank for greater efficiency.
While many of the affected staff were laid off, some departures were voluntary, with senior executives opting to pursue other opportunities outside the bank.
Additionally, a top executive director’s contract was reportedly not renewed, a decision said to have been reached through mutual agreement.
-
Crime and Law2 days ago
Okonkwo petitions Soludo over alleged breach of law
-
National News2 days ago
Things to know about the new acting pope, Cardinal Kevin Farrell
-
Entertainment2 days ago
I built a Celestial Church – K1 De Ultimate
-
Entertainment2 days ago
Sophia Momodu faces backlash over comment on Priscilla Ojo’s lavish wedding
-
Politics2 days ago
Ochei hails Oborevwori, others after joining APC
-
Sports2 days ago
Arsenal announce Jorginho’s departure
-
Opinion2 days ago
2027: Why Nigerians need Shehu Sani in 11th NASS, by Victor Bobai
-
Politics1 day ago
2027: Governors’ defections to APC won’t distract us – Atiku-led Coalition