First Bank of Nigeria Limited has named Mr. Olusegun Alebiosu as its Acting Chief Executive Officer, effective immediately, following the resignation of Dr. Adesola Adeduntan, who has been serving as the Managing Director/CEO of the bank.
This announcement was officially communicated through a notification to the Nigerian Exchange Limited and the investing public, in compliance with the Issuers’ Rules of The Exchange.
Mr. Alebiosu, who previously held the position of Executive Director and Chief Risk Officer at FirstBank, has played a crucial role in driving the bank’s transformation strategies over the past eight years. With a tenure that commenced in 2016, he brings over three decades of extensive banking experience, particularly in risk management, compliance, and corporate banking.
The decision to appoint Mr. Alebiosu underscores his significant contributions and proven track record within FirstBank under the leadership of previous CEOs. His illustrious career includes notable positions such as Chief Risk Officer at Coronation Merchant Bank Limited and Chief Credit Risk Officer at the African Development Bank Group.
Prior to joining FirstBank, Mr. Alebiosu served in various key capacities at United Bank for Africa Plc, having initiated his banking career at Oceanic Bank Plc (now Ecobank Plc) in 1991.
FirstBank expressed profound appreciation to Dr. Adeduntan for his exemplary leadership and invaluable contributions, particularly in overseeing the bank’s growth and transformation during his nine-year tenure.
As Mr. Alebiosu assumes his new role, his appointment is subject to approval from the Central Bank of Nigeria, signaling a new chapter for the 130-year-old financial institution as it continues to adapt to the evolving banking landscape.
