First Bank confirms Alebiosu as CEO, appoints Ini Ebong as DMD, Tunde Alo-Olaife non-ED 

The Board of FirstBank has approved the appointment of Mr Olusegun Alebiosu, currently Acting Managing Director/Chief Executive Officer, as the Managing Director/Chief Executive Officer, FirstBank Group; Ini Ebong, currently Executive Director, Treasury, and International Banking, as Deputy Managing Director; and Mr Omotunde Alao-Olaifa as Non-Executive Director. 

These decisions are effective June 19, 2024 and subject to regulatory approvals.

Olusegun Alebiosu was appointed the Managing Director/Chief Executive Officer, First Bank of Nigeria Limited (FirstBank Group) in June 2024.

He was until this appointment the Acting Managing Director/Chief Executive Officer since April 2024.  He was previously Executive Director, Chief Risk Officer, and Executive Compliance Officer from January 2022 until 20 April 2024. Prior to that appointment, he was the Group Executive/ Chief Risk Officer, a position he held since 2016.

Segun brings to the Executive Management of FirstBank over 28 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.

He commenced his professional career in 1991 with Oceanic Bank Plc. (now EcoBank Plc.) and prior to joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

Segun is an alumnus of Harvard Business School and Harvard Kennedy School of Government.  He holds a Bachelor’s degree in Industrial Relations and Personnel Management, and also a Master’s degree in International Law and Diplomacy from the University of Lagos.  He obtained a Master’s degree in Development Studies from the London School of Economics and Political Science, and completed Advanced Management Program (AMP) at Harvard Business School.