Breaking News: Folake Ani-Mumuney Resigns as FirstBank's Global Head of Marketing and Corporate Communications

Breaking News: Folake Ani-Mumuney Resigns as FirstBank's Global Head of Marketing and Corporate Communications

In a shocking turn of events, Folake Ani-Mumuney, the highly respected and experienced Global Head of Marketing and Corporate Communications at FirstBank Ltd, has resigned. According to reports from TheCable, her resignation was prompted by the bank's chairman, Femi Otedola.¹

The controversy surrounding her resignation stems from 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 seen as "insensitive and wasteful" by Mr. Otedola, especially considering the bank's current focus on recapitalization and restructuring for greater efficiency.

Adeduntan himself resigned earlier this year under controversial circumstances, as Mr. Otedola sought to reposition the bank for stronger competition. The lavish send-off party, therefore, raised eyebrows and sparked criticism.

Folake Ani-Mumuney's resignation marks the end of an era for FirstBank, as she has been instrumental in shaping the bank's communication and marketing strategies. Her departure will undoubtedly be felt, and the banking community will be watching closely to see how FirstBank navigates this transition.

Stay tuned for more updates on this developing story!