First Bank of Nigeria Limited has announced the appointment of Olusegun Alebiosu as its acting Managing Director, effective April 2024.
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The announcement follows the resignation of the former Managing Director, Dr. Adesola Adeduntan, who served the bank for nine years, overseeing its operations and strategic direction for three terms.
According to a statement released by the bank’s acting company secretary, Adewale Arogundade, Alebiosu’s appointment is subject to the approval of the Central Bank of Nigeria. Until his appointment, Alebiosu served as the Executive Director, Chief Risk Officer, and Executive Compliance Officer since January 2022, and previously held the position of Group Executive/Chief Risk Officer since 2016.
Alebiosu brings over 28 years of experience in the banking and financial services industry to his new role, with cross-functional exposure to credit risk management, financial planning and control, credit and marketing, trade, corporate and commercial banking, agriculture financing, oil and gas, transportation, and project financing.
Prior to joining First Bank in 2016, Alebiosu held positions at Oceanic Bank Plc (now EcoBank), Coronation Merchant Bank Limited, African Development Bank Group, and United Bank for Africa Plc. He is an alumnus of Harvard School of Government and holds degrees from the University of Lagos and the London School of Economics and Political Science. Alebiosu is also a member of various professional bodies, including the Institute of Chartered Accountants, Nigeria Institute of Management, Chartered Institute of Bankers of Nigeria, and Nigeria Institute of International Affairs.
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