First Bank of Nigeria has officially appointed Gbenga Alebiosu as Managing Director (MD) and Tunde Ebong as Deputy Managing Director (DMD)
First Bank of Nigeria Limited has officially confirmed Olusegun Alebiosu as its Managing Director (MD) and Chief Executive Officer (CEO), pending approval from the Central Bank of Nigeria (CBN). Alebiosu previously served as the acting MD since April 2024 following the resignation of the former MD, Adesola Adeduntan.
In addition to Alebiosu’s appointment, Ini Ebong has been appointed as the Deputy Managing Director (DMD), and Alao Olatunde-Olaifa as a Non-Executive Director, both of which are also subject to CBN approval.
Alebiosu brings over 28 years of experience in the banking and financial services industry, with expertise in credit risk management, financial planning, corporate and commercial banking, agriculture financing, and project financing, among other areas. Prior to his appointment as MD, he held various roles within First Bank, including Executive Director and Chief Risk Officer.
Ebong, previously the Executive Director of Treasury and International Banking at First Bank, contributes over 20 years of banking experience to the Executive Management team.
Olatunde-Olaifa, currently the Group Financial Officer of Leadway Holdings, brings extensive experience in corporate finance, capital raising, debt restructuring, acquisition planning, project financing, and asset management to the Board.
These appointments reflect First Bank’s strategic moves to strengthen its leadership team and governance structure amidst ongoing changes and challenges in the banking sector.
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