Mr. Olusegun Alebiosu has been appointed as the Acting Managing Director of First Bank of Nigeria (FBN) Limited.
This announcement comes following the resignation of Adesola Adeduntan, who stepped down from his position eight months prior to his scheduled retirement on December 31, 2024.
Mr. Alebiosu brings a wealth of experience to his new role, having served as the Executive Director, Chief Risk Officer, and Executive Compliance Officer since January 2022. Prior to this, he held the position of Group Executive/Chief Risk Officer starting in 2016.
With over 28 years of experience in the banking and financial services sector, Mr. Alebiosu has demonstrated expertise in various areas, including credit risk management, financial planning and control, corporate and commercial banking, and project financing. He began his professional journey in 1991 at Oceanic Bank Plc (now EcoBank Plc) and has since held significant roles at institutions such as Coronation Merchant Bank Limited and the African Development Bank Group.
Mr. Alebiosu is a distinguished alumnus of the Harvard School of Government and holds a Bachelor’s Degree in Industrial Relations and Personnel Management. He furthered his education with a Master’s Degree in International Law and Diplomacy from the University of Lagos (UNILAG) and a Master’s Degree in Development Studies from the London School of Economics and Political Science.
Additionally, he is a member of several prestigious professional bodies including the Institute of Chartered Accountants (FCA), Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN), and Nigeria Institute of International Affairs.
His appointment is expected to bring a fresh perspective and strategic leadership to the executive management of First Bank of Nigeria Limited.
