First Bank of Nigeria Limited has named Dr Julius B. Omodayo-Owotuga as an Executive Director, with the appointment taking effect on May 13, 2026.

The appointment was disclosed in a notice filed with the Nigerian Exchange Limited, signed by Group Company Secretary Abiola Baruwa on behalf of First HoldCo Plc, and has received the approval of the Central Bank of Nigeria.

The appointment is expected to further strengthen the bank’s leadership capacity across strategic finance, governance, risk management, and institutional transformation.

Dr. Omodayo-Owotuga, widely known as “Dr JB,” brings a wealth of cross-sector experience to the role. He has 24 years of experience spanning banking and financial services, infrastructure finance, power, oil and gas, and audit and consulting.

Before this appointment, he served on the Board of First HoldCo Plc as a Non-Executive Director between 2021 and 2026, and most recently held the position of Deputy Chief Executive of Geregu Power Plc, Nigeria’s first listed power generation company, where he played a pivotal role in institutional transformation, governance strengthening, capital market positioning, and major financing initiatives, including the company’s landmark listing on the NGX.

He previously served as Group Executive Director for Finance and Risk Management at Forte Oil Plc, now Ardova Plc, where he led strategic restructuring, capital raising, treasury optimisation, and enterprise risk management. His career also includes roles at Africa Finance Corporation, Standard Chartered Bank, KPMG Professional Services, and MBC International Bank — now First Bank Nigeria Limited.

On the academic and professional front, Dr Omodayo-Owotuga is a CFA Charter Holder and a KPMG-trained Accountant. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), the Chartered Institute of Taxation of Nigeria (CITN), and the Institute of Credit Administration, and holds a Doctorate in Business Administration, an MBA, and a Bachelor’s degree in Accounting. He is an alumnus of Saïd Business School at the University of Oxford, IE Business School, Geneva Business School, and the University of Lagos.

First Bank said the appointment reflects its ongoing commitment to sound governance and long-term value creation as it continues to consolidate its position as one of Africa’s foremost financial institutions.