22nd April, 2024
By Ayorinde Oluokun/Abuja
FBN Holding has appointed Mr. Olusegun Alebiosu as the Acting Chief Executive Officer of First Bank of Nigeria Limited.
The appointment of Alebiosu was announced in a notice to the Nigerian Exchange Limited and the investing public on Sunday evening.
Alebiosu was appointed to replace Dr. Adesola Adeduntan who resigned as the Managing Director/CEO of the 130-year-old financial institution on Saturday.
The appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria.
Alebiosu joined First Bank in 2016 and has over three decades of banking experience.
As Executive Director / Chief Risk Officer Alebiosu was part the transformation of First Bank over the past eight years, as an integral member of the team under the previous CEO’s leadership and is well-placed to deliver on the bank’s strategic objectives
The Board of Directors expressed gratitude to Adeduntan for his exemplary leadership in the last nine years during which he superintended the transformation and growth of the Bank and wish him well in his future endeavors.
Alebiosu was appointed the Executive Director, Chief Risk Officer and Executive Compliance Officer in January 2022.
Prior to this appointment, he was the Group Executive/ Chief Risk Officer, a position he held since 2016.
He brings to the Executive Management of First Bank over 28 years’ experience in the banking and financial services industry with cross-functional exposure to 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.
He commenced his professional career in 1991 with Oceanic Bank Plc. (now EcoBank Plc.) and prior to joining First Bank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.
Alebiosu is an alumnus of Harvard School of Government and holds a bachelor’s degree in Industrial Relations and Personnel Management. He also obtained a master’s degree in International Law and Diplomacy from the University of Lagos and holds a master’s degree in Development Studies from the London School of Economics and Political Science.
He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of International Affairs.
Segun is a golfer and an adventurer. He is happily married with children.