Olusegun Alebiosu appointed acting MD First Bank

Onwubuke Melvin
Onwubuke Melvin

First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024.

This was disclosed in a statement by the acting company secretary of the Bank, Adewale Arogundade on Sunday, according to The Punch.

This follows the voluntary resignation of the former managing director of First Bank Nigeria Limited, Dr Adesola Adeduntan.

Alebiosu is poised to drive the bank’s expansion initiatives in the highly competitive financial sector.

The statement reads “Following the resignation of the managing director/CEO of FirstBank, Dr. Adesola Adeduntan, the Board of Directors has appointed Olusegun Alebiosu as the acting CEO of the 130-year-old institution.

“The appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria.”

In the statement, Alebiosu was until this appointment the executive director, chief risk officer, and executive compliance officer since January 2022. He was the Group executive/ chief risk officer, a position he held since 2016.

“Alebiosu brings to the executive management of First Bank over 28 years of experience in the banking and financial services industry 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 (including Aviation and Shipping) and Project financing.

“He is an alumnus of Harvard School of Government and holds a Bachelor’s degree in Industrial Relations and Personnel Management. He also obtained a Master’s degree in International Law and Diplomacy from the University of Lagos and holds a Master’s degree in Development Studies from the London School of Economics and Political Science.

“He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN), and Member, Nigeria Institute of International Affairs,” the statement added.

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