First Bank appoints Olusegun Alebiosu as acting CEO

Olusegun Alebiosu has been appointed as the acting chief executive officer (CEO) of First Bank of Nigeria (FBN) Limited after the resignation of Adesola Adeduntan.

Adeduntan resigned on April 20, eight months before his contract ended.

He was appointed as CEO in 2016.

In a statement on Sunday, FBN Holdings, the parent company of the lender, said Alebiosu’s appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria (CBN).

Alebiosu joined FirstBank in 2016 and was the executive director and chief risk officer prior to his appointment.

With over three decades of banking experience, FBN Holdings said Alebiosu is well-placed to deliver on the bank’s strategic objectives.

“Segun brings to the Executive Management of FirstBank 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, 011 and Gas, Transportation (including Aviation and Shipping) and Project financing,” FBN Holdings said.

“He commenced his professional career in 1991 with Oceanic Bank Plc. (now EcoBank Plc.) and prior to joining FirstBank 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.

“Segun 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.”

FBN Holdings said Alebiosu is a member of various professional bodies; a fellow at the Institute of Chartered Accountants (FCA), an associate at Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and a member of Nigeria Institute of International Affairs.