In a recent announcement, Olusegun Alebiosu has been named the acting Chief Executive Officer (CEO) of First Bank of Nigeria (FBN) Limited.
Alebiosu’s appointment follows the departure of Adesola Adeduntan, who tendered his resignation on April 20, eight months before his contract was due to conclude. Adeduntan had served as CEO since 2016.
FBN Holdings revealed that Alebiosu’s new role is effective immediately, pending approval from the Central Bank of Nigeria (CBN).
He has been associated with FirstBank since 2016 and previously held the position of Executive Director and Chief Risk Officer.
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With over three decades of experience in the banking industry, FBN Holdings believed that the New CEO is well-equipped to contribute to the bank’s strategic objectives.
A statement from the official Facebook handle of FBN Holdings read:
“Join us in congratulating Mr. Olusegun Alebiosu, who has been appointed the acting CEO of our 130-year institution by the Board of Directors.
“Prior to this appointment in January 2022, he served as the Executive Director, Chief Risk Officer, and Executive Compliance Officer.
“Previously, he held the position of Group Executive/Chief Risk Officer since 2016.”
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