First Bank Confirms Appointment of Managing Directors, Others

First Bank of Nigeria Limited has announced the appointment of Olusegun Alebiosu as the substantive Managing Director (MD) and Chief Executive Officer (CEO) of the bank.

The holding company in a statement on the Nigerian Exchange Limited (NGX) said the appointment is subject to Central Bank of Nigeria (CBN) approval.

Prior to his appointment, Alebiosu was acting Managing Director of the bank since April 2024, when the former MD, Adesola Adeduntan resigned. He holds a Bachelor’s degree in Industrial Relations and Personnel Management and a Master’s degree in International Law and Diplomacy from the University of Lagos.

Mr. Alebiosu previously serves as the bank’s Executive Director, Chief Risk Officer, Executive Compliance Officer, Group Executive/Chief Risk Officer, among others.

First Bank also appointed Ini Ebong as the Deputy Managing Director (DMD) and Alao Olatunde-Olaifa as Non-Executive Director. Both of the appointments are also subject to CBN approval.

Mr. Ebong was formerly the bank’s Executive Director of Treasury and International Banking. He has over 20 years of banking experience. Meanwhile, Mr. Olatunde-Olaifa is the current Chief Financial Officer at Leadway Holdings with responsibilities including corporate finance, strategy and principal investment across the group.

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