Stella Dimoko Korkus.com: Sacked Chairman Of First Bank Ibikun Awosika Reacts To Sack By CBN

Advertisement

Advertisement - Mobile In-Article

Saturday, May 01, 2021

Sacked Chairman Of First Bank Ibikun Awosika Reacts To Sack By CBN

Beautiful Ibukun Awosika has reacted to her sack by the Central Bank Of Nigeria on her Instagram page.....







''My FBN Group Journey
In October 2010, I was appointed to join the board of First bank of Nigeria.

A few months later, I was appointed to chair the board of its start up FBN Life Insurance Limited (a joint venture with Sanlam of South Africa). As its pioneer chairman, I had the privilege of working with a strong management team led by Val Ojumah.

Together with the rest of our team we built a company that became profitable in twenty four months and continues to be so.

In early 2013, I was moved from FBN Life Insurance Ltd, to assume the chairmanship of FBN Capital working with a brilliant team led by Kayode Akinkugbe as the Managing Director.

We worked hard to build the institution, bought Kakawa Discount House which I was again asked by the Group to Chair. We eventually merged the companies to create the FBN quest Merchant Bank Group, which I chaired until my appointment as Chairman of First Bank of Nigeria on January 1st 2016.

For over five years , I have worked with a dedicated team of board and management , with the support of Central Bank of Nigeria to rebuild and restructure the institution for its future. This included cleaning up non performing loans, establishing good operational governance systems and processes, building controls and an effective and robust risk management system.

I am confident we have brought First Bank of Nigeria to a place where it is more than able to deliver utmost value to its stakeholders and the nation at large.

As a board, we acted in what we clearly believed to be in the best interest of the bank and we had great plans and aspirations for where the bank could go to in its future, building on all the work that has already been done in the last five plus years.

Without a shadow of doubt, I will unequivocally state that I have always acted in honor and integrity with the utmost interest of the institution, all our stakeholders and the Nation.

Thank you''.

Ibukun Awosika


36 comments:

  1. Eyah. As if I should cry

    ReplyDelete
  2. Pretty guy woman aging gracefully is all I see.😍

    ReplyDelete
    Replies
    1. Classy not ratchet

      You can't buy class

      Delete
  3. I love her to the Moon and back. Mother, you have done your best. You are my hero any day, any time.

    ReplyDelete
  4. My role Model, it's well with you. You will find favour with the Lord. The CBN Governor has been playing one-sided politics. When the wind blows every one will see it all. Peace.

    ReplyDelete
    Replies
    1. Will you stop that! Your opinion is below par and unjustified

      Delete
  5. See how CBN just yeye this woman. One thing I know is that you are not a corrupt person. You may have played silent but you're not corrupt personally. Shikena

    ReplyDelete
  6. Hmmmm,l have an account with First bank and I can't remember the last time I get interest on my money.Mismanxgement up and down,it is well

    ReplyDelete
    Replies
    1. I don't know if it had anything to do with this woman but they duduct money unnecessarily. 400, 200, 500 here and there, no explanation, it's annoying. In my mind I call them thieves, I'm sticking nonetheless.

      Delete
  7. Beautiful smart and a role model and can't stop staring on how she is ageing grateful.

    ReplyDelete
  8. Beautiful woman of integrity, whatever happens you're still my role model. I love you.

    ReplyDelete
  9. First Bank that u can hardly walk in and cash out a cheque nowadays, except u wait for customers to come in and deposit. The lady does sound intelligent though, from the little I've heard her speak elsewhere. Apparently, hands on managerial capability may be another kettle of fish.

    ReplyDelete
    Replies
    1. They're so slow and antiquated. Their doors...

      Delete
  10. Please, you all should stop these accolades on Mrs Ibukun Awosika. She compromised her integrity and character in the affairs of FBN. She could have resigned long ago with all the rot she met there (that is after trying unsuccessfully to correct the wrongs). May be the spoils of the office was too juicy to let go (I can imagine what the annual Director's fees will be like plus other unrecorded perquisites- not to talk of the Chairman of Board). She can NEVER exonerate herself from the current decadence and bad financial position of FBN. Madam, you are complicit. I rest my case

    ReplyDelete
    Replies
    1. Thank you!

      Delete
    2. Many thank yous and many gbams.

      Delete
    3. Gbamest!!! You were the Chairman, the buck stops with you.

      Delete
    4. Thank you, you just said the truth

      Delete
    5. Don't mind them. God bless you for this. Truth is there are really no heroes or role models in these parts.

      Delete
    6. Like you don't know this blog is for airheads.

      FBN is a dead bank already. A walking corpse and this witch in cahoots with Otudeko sucked the bank dry

      Delete
    7. Thank you,u just said what was on my mind.She should have resigned long ago

      Delete
    8. Exactly! That her response was very watery at best.

      Delete
  11. Beautiful Mama with brain, the Lord is your strength ma.....

    ReplyDelete
  12. I bank with first bank, I hate their unnecessary deductions and the stress one go through just to withdraw your own money.

    But....

    I just love this woman 💚

    ReplyDelete
  13. Fbn had been in deep troubles since five years now. Is just that the common man does not know. Who nor go nr know.

    It is well.

    ReplyDelete
  14. First bank always deducting money from someone's acct without any explanation.

    ReplyDelete
  15. This is my Bank oo. The last time I deposited. I used a deposited machine I have never seen before maybe because I am not a regular bank visitor. I don't know about her but I think she has done well for her own business. Managing FBN might be a lot to handle. But why FBN. Are there not other Banks

    ReplyDelete
  16. Just negodu her 3rd paragraph.
    FBN, your profitability and liquidity index improved greatly,fine. No argument.

    So,what happened to your NPL? The non-performing loan ratio hit the rocks and FBN Holdings was at a -ve ratio, -6% percentage closure at the Nigerian Stock Exchange. Shameful!

    Your CAR was good, the capital adequacy ratio which sustained lots of revenue generating modules,it was large and robust, of course it has to, with over 30million+ customers base.
    The embarrassing situation is that you were seated in as a member of Board of Directors,who created phony companies and awarded loans with undefined terms of credit limits? How?
    Oba Otudeko alone took under serviced loans worth over N60billion.
    He is the Chairman of FBN Holdings again?
    Why did you refuse or fail to divest the equity investment in Honeywell FlourMills owned by Chief Otudeko?
    Efforts by the CBN governor to get him around was greatly rebuffed, he's now a King over shareholders who actually own First Bank?

    If that is not gross mismanagement,what else is?

    Why didn't you resign madam?
    If you toil excessively to generate N1b and your croonies borrow N980m out of it, you did NOTHING.

    And please,while you guys are at it, all First Bank ATM transactions that were debited from source banks and not credited to the receiver's end should be looked into. Mine has been hanging since September 2020, 3 solid transactions. "we'll look into it is a criminal statement". Refund monies, stop illegal deductions,pay shareholders interests and renew your image.

    Everyone is tired.
    Thumbs down Mrs Ibikun Awosika.

    ReplyDelete
    Replies
    1. That Otudeko man is TERRIBLE. He will ruin this bank if allowed to go unchecked.

      Delete
    2. XP is angry. XP kpele

      The most Complex B

      Delete
    3. Best comment so far. we do not know when to throw in the towel in this part of the world. Imagine this very intelligent woman caught in this web. Good corporate governance is key. The insider trading nor be here.

      Delete
    4. Exactly. This memo does not excuse the bank being hollowed out under your watch.

      Delete
    5. I still don't know what happened to my shares with FBN. It's all big big big stories.

      Delete
    6. XP, this your analysis of CAR and NPL are mumbo-jumbo and disjointed. Pls keep off areas you have limited knowledge.

      Delete
  17. Thank you Xhirted P. The poor corporate governance happened under her watch. She should have left if she had the integrity that we all believe she holds.

    ReplyDelete

Disclaimer: Comments And Opinions On Any Part Of This Website Are Opinions Of The Blog Commenters Or Anonymous Persons And They Do Not Represent The Opinion Of StellaDimokoKorkus.com

Pictures and culled stories posted on this site are given credit and if a story is yours but credited to the wrong source,Please contact Stelladimokokorkus.com and corrections will be made..

If you have a complaint or a story,Please Contact StellaDimokoKorkus.com Via

Sdimokokorkus@gmail.com
Mobile Phone +4915210724141