First Bank of Nigeria Appoints Olusegun Alebiosu as Acting CEO

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FBN Limited has Appointed Olusegun Alebiosu as its Acting CEO: A picture of Olusegun Alebiosu, the newly appointed acting CEO of First Bank of Nigeria Limited

First Bank of Nigeria (FBN) Limited has appointed Olusegun Alebiosu as its acting CEO. Alebiosu’s impressive professional journey began in 1991 at Oceanic Bank Plc., now known as EcoBank Plc. Throughout his career, he has held various crucial positions in the banking industry. In 2016, Alebiosu transitioned to FirstBank, where he assumed noteworthy organizational roles.

In light of Adesola Adeduntan’s departure, FBN Holdings revealed that Olusegun Alebiosu has been appointed as the acting CEO of First Bank. The appointment, effective immediately, is subject to approval from the Central Bank of Nigeria. Alebiosu, who has been with FirstBank since 2016, previously served as the executive director and chief risk officer. With an extensive banking experience spanning over thirty years, FBN Holdings expresses confidence in Alebiosu’s ability to contribute to the bank’s strategic objectives.

FBN Holdings took to its official Facebook page to share the news, urging everyone to join in congratulating Mr. Olusegun Alebiosu on his appointment as the acting CEO. The Board of Directors expressed their appreciation to Dr. Adeduntan for his exceptional leadership during his nine-year tenure, which witnessed the remarkable transformation and growth of the bank. They also extended their best wishes to Dr. Adeduntan in his future endeavors.

First Bank of Nigeria Bolsters Leadership with Accomplished Banking Veteran, Olusegun Alebiosu, as Acting CEO to Spearhead Strategic Advancement

A picture of First Bank of Nigeria (FBN) Limited Building

In terms of Alebiosu’s professional profile, FBN Holdings highlights his extensive expertise in the banking and financial services sector. With over 28 years of experience, Alebiosu brings a wealth of knowledge in areas such as credit risk management, financial planning, corporate and commercial banking, and project financing. Prior to joining FirstBank in 2016, he held significant positions, including Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group, and Group Head, Credit Policy, and Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

Olusegun Alebiosu holds 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 another master’s degree in Development Studies from the London School of Economics and Political Science. In addition, he is affiliated with esteemed professional organizations such as the Institute of Chartered Accountants, the Nigeria Institute of Management, the Chartered Institute of Bankers of Nigeria, and the Nigeria Institute of International Affairs.

Overall, the appointment of Olusegun Alebiosu as the acting CEO of First Bank of Nigeria (FBN) Limited marks a significant development for the bank, with FBN Holdings expressing confidence in his capabilities to drive the institution’s strategic goals.

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