First Bank of Nigeria Limited has confirmed Olusegun Alebiosu as substantive Managing Director.
The bank also appointed Ini Ebong as Deputy President Director.
In a Notice of appointment sent to the Nigerian Exchange Group (NGX) on Wednesday evening by the company Secretary, Adewale Arogundade, First Bank also announced the appointment of Mr Alao Olatunde-Olaifa as Non-Executive Director
However, the appointment must be approved by the Central Bank of Nigeria (CBN).
Alebiosu was appointed acting Managing Director of the bank after Adesola Adeduntan resigned in April.
He previously served as Executive Director, Chief Risk Officer, Executive Compliance Officer, and Group Executive/Chief Risk Officer.
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The new managing director has over 28 years of 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, agricultural financing, oil and gas, transportation ( including aviation and shipping) and project financing.
Ebong was previously the bank’s Executive Director of Treasury and International Banking.
He brings more than 20 years of banking experience to First Bank Executive Management.
Olatunde-Olaifa, who currently serves as Group Financial Officer at Leadway Holdings, has years of experience in corporate finance, including capital raising, debt restructuring, acquisition planning, project financing and asset management.
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By: Babajide Okeowo
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