Alebiosu Appointed Ag. MD/CEO FirstBank


Mr. Olusegun Alebiosu has been named Acting Managing Director of First Bank of Nigeria (FBN) Limited.

He replaces Adesola Adeduntan, who resigned at the weekend, eight months to his December 31, 2024 scheduled retirement.

Alebiosu was until this appointment, Executive Director, Chief Risk Officer and Executive Compliance Officer since January 2022.

Prior to that, he was the Group Executive/Chief Risk Officer, a position he held since 2016.

The acting MD will bring 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.

He began his professional career in 1991 with Oceanic Bank Plc, now EcoBank Plc. Prior to joining FirstBank in 2016, he 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.

The alumnus of Harvard School of Government 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 (UNILAG) and a Master’s Degree in Development Studies from the London School of Economics and Political Science.

He is a member of various professional bodies including 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.

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