Olusegun Alebiosu has been appointed as the acting Managing Director of Nigeria’s top commercial bank, First Bank of Nigeria Limited effective April 2024. The announcement was made in a statement by First Bank’s acting company secretary, Adewale Arogundade on Sunday.
Prior to this new role, Alebiosu was serving as the executive director, chief risk officer, and executive compliance officer at First Bank since January 2022.
According to the statement, the Board of Directors decided on Alebiosu’s appointment as the new acting CEO of the institution following the resignation of Dr. Adesola Adeduntan, who had been the Managing Director of First Bank for nine years.
This change in leadership marks a significant transition after Adesola Adeduntan stepped down from his position.