When Adesola Adeduntan Ascends the Ancient Stool of Valour
Dr Adesola Adeduntan has been installed as the Balogun of Oyo by the Alaafin, Oba Abimbola Owoade I, in a ceremony at the Alaafin’s Palace. The title, historically held by military commanders of the old Oyo Empire, now goes to a man whose career was built in banking rather than battle. Adeduntan spent over eight years as Group CEO of FirstBank, the longest tenure in the bank’s modern history.
Under his leadership, the bank’s non-performing loan ratio fell from more than 24 per cent to single digits, while its customer base grew from about 10 million to over 42 million.
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