FBN Holdings Appoints Olusegun Alebiosu as Acting CEO of First Bank

FBN Holdings Plc has announced the appointment of Mr. Olusegun Alebiosu as the acting Chief Executive Officer (CEO) of its flagship subsidiary, First Bank of Nigeria Limited (FirstBank).

This decision came shortly after the resignation of the bank’s former Managing Director/Chief Executive, Dr. Adesola Adeduntan.

The appointment of Mr. Alebiosu, who is currently an Executive Director/Chief Risk Officer at FirstBank, was made public in a statement issued to the Nigerian Stock Exchange.

It is important to note that the appointment is subject to the approval of the Central Bank of Nigeria (CBN).

With over 28 years of experience in the banking and financial services industry, Mr. Alebiosu has a strong background in credit risk management, financial planning and control, credit and marketing, trade, corporate and commercial banking, agriculture financing, oil and gas, transportation (including aviation and shipping), and project financing.

He joined FirstBank in 2016 and has since been a key player in the transformation and growth of the bank.

Prior to his tenure at FirstBank, Mr. Alebiosu served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group, and Group Head, Credit Policy and Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

He holds a bachelor’s degree in Industrial Relations and Personnel Management, a master’s degree in International Law and Diplomacy from the University of Lagos, and a master’s degree in Development Studies from the London School of Economics and Political Science.

As an alumnus of Harvard School of Government and 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, Mr. Alebiosu brings a wealth of knowledge and expertise to his new role.

FBN Holdings expressed their gratitude to Dr. Adeduntan for his exemplary leadership over the last nine years and wished him well in his future endeavors.

As the new acting First Bank CEO, Mr. Alebiosu is expected to deliver on the bank’s strategic objectives and continue the transformation journey initiated by his predecessor.

With this strategic appointment, FirstBank aims to maintain its position as a leading financial institution in Nigeria and ensure sustainable growth in the ever-evolving banking and financial services industry.