Brands - June 20, 2024

FBN Holdings announces Olusegun Alebiosu as MD/Chief Executive

Espinews June 20, 2024

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Olusegun Alebiosu has been appointed the substantive Managing Director and Chief Executive Officer of First Bank.

According to a statement by First Bank of Nigeria Holding Plc, the parent company of First Bank of Nigeria Limited, Alebiosu’s appointment was subject to the approval of the Central Bank of Nigeria (CBN).

The statement filed on the Nigerian Exchange Limited (NGX) on Wednesday, June 19, 2024 also saw the appointment of Ini Ebong as the Deputy Managing Director (DMD).

Recall that Alebiosu has been serving as the acting managing director of First Bank since April 22. His appointment followed the resignation of Adesola Adeduntan, who still had eight months before his contract ended.

Also, FBN Holdings said Omotunde Alao-Olaifa, the Chief Financial Officer (CFO) of Leadway Holdings, has been appointed as a Non-executive Director.

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