The Board of FBN Holdings Plc announced on Sunday the appointment of Mr. Olusegun Alebiosu as the acting Chief Executive of First Bank of Nigeria Limited (FirstBank), its flagship subsidiary.
Alebiosu is expected to assume the role on an interim basis, pending clearance by the Central Bank of Nigeria (CBN). He joined FirstBank in 2016 and brings with him over three decades of banking experience.
This appointment follows the recent resignation of the bank’s Managing Director/Chief Executive, Dr. Adesola Adeduntan.
In a statement to the Nigerian Stock Exchange, the holdings’ acting Company Secretary, Adewale Arogundade, confirmed that the board of directors had appointed Alebiosu to lead the 130-year-old institution.
Alebiosu brings to the Executive Management of FirstBank over 28 years’ experience in the banking and financial services industry. His expertise spans across various domains including 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.
With his vast experience and cross-functional exposure, Alebiosu is well positioned to deliver on the bank’s strategic objectives.
