First Bank of Nigeria has announced the appointment of Olusegun Alebiosu as the new Acting Managing Director.
Effective April 2024, Alebiosu will succeed Adesola Adeduntan, who resigned from First Bank before the conclusion of his tenure slated to end in December 2024.
The announcement, made in an official statement signed by Acting Company Secretary Adewale Arogundade, also detailed Alebiosu’s extensive experience in the banking sector, spanning over 28 years with expertise in credit risk management, financial planning, and various banking operations.
Alebiosu, who has served as Group Executive/Chief Risk Officer since 2016, brings a wealth of knowledge from his previous roles in prominent institutions such as Oceanic Bank (now Eco Bank), African Development Bank, and United Bank for Africa Plc.
Alebiosu holds multiple degrees from prestigious institutions including a Bachelor’s degree in Industrial Relations and Personnel Management from Harvard School of Government.
He also holds a Master’s degree in Development Studies from the London School of Economics and Political Science.
He has a Master’s degree in International Law and Diplomacy from the prestigious University of Lagos.
He is affiliated with various professional organisations in Nigeria such as the Institute of Chartered Accountants (FCA), the Chartered Institute of Bankers of Nigeria, (CIBN), the Nigeria Institute of Management (NIM) and the Nigeria Institute of International Affairs.
His appointment is subject to approval by the Central Bank of Nigeria.