First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting managing director.
Mr Alebiosu has been the bank’s executive director/chief risk officer since 2022.
He has been in the bank’s employ for nearly three decades, with expertise in credit marketing, Trade, corporate and commercial banking, credit risk management among other.
Mr Alebiosu takes the crown from Adesola Adeduntan, who gave up the role on Saturday even though he was due to complete his tenure in December.
Our correspondent gathered that the decision to appoint Mr Alebiosu was reached on Sunday after a Saturday board meeting of the bank could not resolve the controversy surrounding Mr Adeduntan’s resignation.
Reliable sources familiar with the matter said the board of the bank has approved Mr Olusegun Alebiosu ’s appointment and that a notification to that effect will be sent immediately to the Nigerian Exchange Limited, where the bank’s shares are listed.
Going by his profile gleaned from the bank’s website, Mr Alebiosu was appointed executive director, chief risk officer and executive compliance officer in January 2022.
Prior to that appointment, Olusegun Alebiosu served as the lender’s Group Executive/ Chief Risk Officer, a position he held since 2016.
He will be bringing to the position close to 30 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, his profile on the First Bank website indicated.
For records, “Mr Alebiosu commenced his professional career in 1991 with Oceanic Bank Plc. (now EcoBank Plc.) 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, and Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc respectively.
Segun 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.
