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First Bank of Nigeria (FBN) Limited has officially appointed Mr. Olusegun Alebiosu as the Acting Chief Executive Officer, according to a statement released by the bank. Alebiosu’s appointment follows the sudden resignation of Dr. Adesola Adeduntan, the former Managing Director/CEO of FirstBank.
The announcement states that Alebiosu’s appointment is effective immediately, pending approval from the Central Bank of Nigeria. With over three decades of banking experience, Alebiosu has been an integral part of FirstBank’s transformation journey, having jointly led the bank’s strategic initiatives as the Executive Director/Chief Risk Officer for the past eight years.
The Board of Directors expressed its appreciation for Adeduntan’s outstanding leadership during his nine-year tenure, acknowledging his role in overseeing the bank’s transformation and growth. They extended their best wishes to him in his future endeavors.
Highlighting Alebiosu’s professional profile, First Bank described him as an accomplished banking professional with a diverse background in risk management, financial services, and strategic leadership. He assumed the role of Executive Director, Chief Risk Officer, and Executive Compliance Officer in January 2022, after previously serving as the Group Executive/Chief Risk Officer since 2016.
Alebiosu’s extensive experience spans various sectors, including credit risk management, financial planning, corporate and commercial banking, project financing, and agriculture financing. Prior to joining FirstBank, he held key positions at Oceanic Bank Plc. (now EcoBank Plc.), Coronation Merchant Bank Limited, African Development Bank Group, and United Bank for Africa Plc.
A seasoned academic, Alebiosu holds degrees from prestigious institutions such as Harvard School of Government, the University of Lagos, and the London School of Economics and Political Science. He is a member of several professional bodies, including the Institute of Chartered Accountants, Nigeria Institute of Management, Chartered Institute of Bankers of Nigeria, and Nigeria Institute of International Affairs.
With his wealth of experience and expertise, Alebiosu is poised to lead FirstBank in achieving its strategic objectives and driving continued growth and innovation in the Nigerian banking sector.
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