First Bank of Nigeria appoints Olusegun Alebiosu as acting Managing Director and CEO, succeeding Adesola Adeduntan. Pending approval by the Central Bank of Nigeria, Alebiosu steps into the role after serving as Executive Director, Chief Risk Officer, and Executive Compliance Officer.
Adeduntan’s abrupt retirement notice prompts Alebiosu’s appointment, signaling a transition in leadership after nine years of Adeduntan’s tenure. Despite his resignation, Adeduntan acknowledges support from FirstBank directors but cites a desire to pursue other interests.
With over 28 years of experience in banking and financial services, Alebiosu brings a wealth of expertise to his new role. His extensive background spans various industries, including transportation, oil and gas, and agriculture, making him a versatile leader poised to drive First Bank’s strategic initiatives forward.
Alongside his professional achievements, Alebiosu holds multiple degrees from prestigious institutions and is a member of esteemed professional associations, underscoring his commitment to continuous learning and professional development. As he steps into his new role, Alebiosu’s leadership promises to steer First Bank towards continued success and growth in the dynamic banking landscape.
