First Bank of Nigeria has announced the appointment of Olusegun Alebiosu as its interim managing director, effective from April 2024.
The bank’s acting company secretary, Adewale Arogundade, confirmed the appointment in a recent statement.
Alebiosu steps into the role following the unexpected resignation of Dr. Adesola Adeduntan, who was set to complete his term in December 2024.
The board of directors swiftly appointed Alebiosu as the acting CEO of the venerable 130-year-old financial institution, pending approval from the Central Bank of Nigeria.
Previously, Alebiosu served as the executive director, chief risk officer, and executive compliance officer since January 2022, after a tenure as the group executive/chief risk officer beginning in 2016.
With over 28 years of diverse experience in the banking and financial services sector, Alebiosu’s expertise spans credit risk management, financial planning, trade, corporate and commercial banking, and project financing, among other areas.
Alebiosu’s professional journey began in 1991 at Oceanic Bank Plc (now part of EcoBank), and he has held significant roles at Coronation Merchant Bank Limited, African Development Bank Group, and United Bank for Africa Plc.
He is a distinguished alumnus of the Harvard School of Government, holding 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.
Alebiosu is also affiliated with several professional organizations, including the Institute of Chartered Accountants (FCA), Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN), and the Nigeria Institute of International Affairs.
