FirstBank announce Alebiosu, Ini Ebong as MD/CEO, DMD

First Bank of Nigeria Holding Plc (FBN Holdings), the parent company of First Bank of Nigeria Limited, has officially announced the appointment of Olusegun Alebiosu as the new managing director (MD) and chief executive officer (CEO) of the bank.

In a statement filed with the Nigerian Exchange Limited (NGX), FBN Holdings noted that Alebiosu’s appointment is pending approval from the Central Bank of Nigeria (CBN). It’s noteworthy that Alebiosu has been acting as the managing director of First Bank since April 22, following the resignation of Adesola Adeduntan, who still had eight months remaining on his contract.

Olusegun Alebiosu was appointed the Acting Managing Director/Chief Executive Officer, First Bank of Nigeria Limited (FirstBank Group) in April 2024. He was the Executive Director, Chief Risk Officer and Executive Compliance Officer since January 2022. 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.

FBN Holdings also announced Ini Ebong’s appointment as the Deputy Managing Director (DMD). Since January 2022, Ebong has served as the bank’s Executive Director overseeing treasury and international banking. Ini is dedicated to market development and has been instrumental in advancing the Nigerian financial markets, including foreign exchange, fixed income, and securities.

Prior to joining FirstBank, he led African Fixed Income and Local Markets Trading at Renaissance Securities Nigeria Limited, the local arm of Renaissance Capital.

He also spent 14 years at Citigroup, where he held roles as Country Treasurer and Sales and Business Head. During his tenure, he collaborated closely with regulatory bodies like the CBN and DMO to help develop new monetary and foreign exchange policies.

Additionally, FBN Holdings announced the appointment of Omotunde Alao-Olaifa, Chief Financial Officer of Leadway Holdings, as a Non-Executive Director.


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