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First Bank appoints Olusegun Alebiosu as acting CEO/MD


First Bank of Nigeria Limited has appointed a new Acting Managing Director/Chief Executive Officer, Olusegun Alebiosu, effective April 2024.

Alebiosu was the Executive Director, Chief Risk Officer, and Executive Compliance Officer, a position he held since January 2022.

Recall that the former Managing Director, Dr Adesola Adeduntan, tendered his resignation six months before the expiration of his tenure, having served for nine years.

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Alebiosu has over 28 years of extensive experience in the banking and financial services industry.

His expertise is reported to span across various domains, including credit risk management, financial planning and control, corporate and commercial banking, agriculture financing, oil and gas, transportation, and project financing.

Before joining FirstBank in 2016, he served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at the African Development Bank Group, and Group Head of Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

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FirstBank of Nigeria Limited is, however, looking forward to continued growth and innovation under the leadership of Alebiosu while reinforcing its position as a leading financial institution in Nigeria and beyond after this appointment.