First Bank of Nigeria Appoints Olusegun Alebiosu as Managing Director and CEO

First Bank of Nigeria (FBN) Limited has officially announced the appointment of Olusegun Alebiosu as its new Managing Director (MD) and Chief Executive Officer (CEO). This significant leadership change was disclosed in a statement filed with the Nigerian Exchange Limited (NGX) on Wednesday. However, Alebiosu’s appointment is still pending approval from the Central Bank of Nigeria (CBN).

Alebiosu has been serving as the Acting Managing Director since April 22, following the resignation of Adesola Adeduntan, who stepped down eight months before his contract was due to end. His tenure as acting MD has been marked by a steady hand in guiding the bank through a transitional period.

In addition to Alebiosu’s appointment, FBN Holdings, the parent company of First Bank, also announced the appointment of Ini Ebong as the Deputy Managing Director (DMD). Ebong has been an integral part of the bank’s leadership team, having served as the Executive Director in charge of Treasury and International Banking since January 2022. His extensive experience and leadership in these areas are expected to further strengthen the bank’s executive management.

These appointments signify a new chapter for First Bank of Nigeria as it continues to navigate the dynamic banking landscape and strive for excellence in service delivery and innovation.