Reports: Otedola requests resignation of First Bank Marketing Chief over ‘lavish party’ spending

The former Global Head of Marketing and Corporate Communications at one of Nigeria’s largest banks, FirstBank Ltd, has resigned.

Folake Ani-Mumuney, one of the most experienced and respected marketing executives in Nigeria, has been instrumental in shaping the bank’s communication and marketing strategies.

However, reports from TheCable suggest that her resignation was prompted by the bank’s chairman, Femi Otedola.

According to the report, Mr. Otedola was “seriously irked” by a lavish send-off party organized by the bank for its former Managing Director, Adesola Adeduntan. The event, held at Harbour Point, Victoria Island, Lagos, on November 2, was in honor of Adeduntan, who served as GMD and CEO for nine years until April 2024.

Adeduntan himself resigned earlier this year under controversial circumstances as Mr. Otedola sought to… Read the full article.