LAGOS, Nigeria (VOICE OF NAIJA) – The Board of Directors of First Bank has approved the appointment of Olusegun Alebiosu as the acting MD/CEO with effect from April 2024.
His appointment came after the sudden exit of Kazeem Adedutan from the key position.
Alebiosu is to take over pending his approval of Central Bank of Nigeria (CBN).
According to the bank: “Following the resignation of the managing director/CEO of FirstBank, Dr. Adesola Adeduntan, the Board of Directors has appointed Olusegun Alebiosu as the acting CEO of the 130-year-old institution.
“The appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria.”
The statement added that prior to his appointment, Alebiosu has nearly three decades of banking experience with extensive knowledge base as a credit risk executive.
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“Alebiosu 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, Oil and Gas, Transportation (including Aviation and Shipping) and Project financing.”
Alebisou experience cut across top financial institutions. Prior to joining first bank, he began his professional career in 1991 at Ocean Bank ( now Ecobank) and later worked with Merchant Bank Limited, African Development Bank Group and United Bank for Africa (UBA) Plc.
“He 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,” the statement added.