Victor EzejaFollowing the resignation of Adesola Adeduntan, First Bank has appointed Olusegun Alebiosu as acting Managing Director/CEO of the bank.
The appointment takes immediate effect, according to a notification sent to the Nigerian Exchange Limited and the investing public.
Alebiosu’s appointment is pending approval from the Central Bank of Nigeria.
Who Is Olusegun Alebiosu
Prior to his appointment as acting MD/CEO, Alebiosu had served as Executive Director and Chief Risk Officer at First Bank.
He joined the Bank in 2016 and has over three decades of extensive banking experience, with a strong background in risk management, compliance, and corporate banking.
Alebiosu started his professional banking career in 1991 with Oceanic Bank Plc. (now EcoBank Plc.)
Before joining First Bank in 2016, he served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.
Alebiosu graduated with a bachelor’s degree in Industrial Relations and Personnel Management from the Harvard School of Government. He also has a master’s degree from the London School of Economics and Political Science in Development Studies and a master’s degree in International Law and Diplomacy from the University of Lagos.
He is a member of several professional organisations, including Member of the Nigeria Institute of International Affairs (NIIA), Chartered Institute of Bankers of Nigeria (CIBN), Associate of the Nigeria Institute of Management (ANIM), and Fellow of the Institute of Chartered Accountants (FCA).
Mr Adeduntan, who notified the Bank of his resignation in a letter on Saturday, 20 April, had served as MD/CEO for nine years and his tenure of office was due to expire in December 2024.
Victor Ezeja is a passionate journalist with six years of experience writing on economy, politics and energy. He holds a Masters degree in Mass Communication.
