By Dipo Olowookere
The appointment of Mr Patrick Iyamabo as the new Chief Financial Officer (CFO) of First Bank of Nigeria Limited has been announced by the bank.
A statement issued by First Bank of Nigeria Holding on Monday disclosed that the appointment of Mr Iyamabo is subjected to the approval of the Central Bank of Nigeria (CBN).
“Kindly be informed that the Board of our subsidiary, First Bank of Nigeria Limited has approved the appointment of Mr Patrick Iyamabo as the Chief Financial Officer (CFO) subject to the approval of the Central Bank of Nigeria,” the statement said.
Business Post learnt that Mr Iyamabo will be assuming the CFO role, which was hitherto held by Dr Kazeem Adeduntan before his appointment as the Managing Director of the Bank.
“Mr Iyamabo has over 20 years’ extensive experience spanning across various industries both within and outside the country and has cross-functional exposures covering areas such as Audit, Strategic Management, Mergers & Acquisition (M&A) and Finance,” the statement read.
Until his appointment, Mr Iyamabo served as the CFO for the FCMB Group with oversight responsibility for Accounting & Finance, Capital and Liquidity Management, Mergers & Acquisition, Portfolio Management and Investor Relations.
He also led the restructuring and merger of FinBank Plc into FCMB in 2012.