Mr. Olusegun Alebiosu has been appointed Acting Chief Executive Officer of First Bank of Nigeria Limited.
The appointment follows the resignation last week of the Managing Director/CEO of the bank, Dr. Adesola Adeduntan,.
According to a statement by Adewale Arogundade, the Acting Company Secretary of FBN Holdings, the appointment takes immediate effect, but is subject to the approval of the Central Bank of Nigeria.
The statement said that the new CEO, who as Executive Director/Chief Risk Officer jointly led the transformation of FirstBank over the past 8 years, as an integral member of the team under the previous CEO’s leadership, is well placed to deliver on the bank’s strategic objectives.
Alebiosu joined FirstBank in 2016 and has over three decades of banking experience.
He was appointed the Executive Director, Chief Risk Officer and Executive Compliance Officer in January 2022. Prior to this appointment, he was the Group Executive/ Chief Risk Officer, a position he held since 2016.
His experience in the banking and financial services industry includes 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 commenced his professional career in 1991 with Oceanic Bank, now Ecobank, and prior to joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Offlcer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa, UBA.
Segun Alebiosu 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 another Master’s Degree in Development Studies from the London School of Economics and Political Science.
He is a member of various professional bodies, including as 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.
Meanwhile, the Board of Directors of First Bank has expressed gratitude to the erstwhile MD/CEO, Dr. Adeduntan for his exemplary leadership in the last nine years during which he superintended the transformation and growth of the Bank and wish him well in his future endeavors.
