Olusegun Alebiosu has been officially appointed as the managing director (MD) and managing director (CEO) of First Bank of Nigeria (FBN) Limited.
The parent firm of the lender, FBN Holdings, stated in a statement posted on the Nigerian Exchange Limited (NGX) on Wednesday that Alebiosu’s appointment was contingent upon Central Bank of Nigeria (CBN) approval.
Adesola Adeduntan, whose contract was set to expire in eight months, resigned, and Alebiosu was appointed in his place.
Since April 21, Alebiosu has been serving the First Bank of Nigeria in an acting capacity following Adesola Adeduntan’s resignation from the position of senior management.
Olusegun Alebiosu graduated from the University of Lagos with a master’s degree in international law and diplomacy and a bachelor’s degree in industrial relations and personnel management.
Additionally, he graduated from the London School of Economics and Political Science with a master’s degree in development studies.
After graduating from Harvard Business School and Harvard School of Government, he started working at the now-defunct Oceanic Bank in 1991.
From 2006 to 2011, he was the group head of credit policy and product programs at the United Bank for Africa. He then joined the African Development Bank as chief credit risk.