First Bank of Nigeria Appoints Olusegun Alebiosu as CEO, Ini Ebong as Deputy MD

First Bank of Nigeria Limited has officially named Olusegun Alebiosu as its new Managing Director and Chief Executive Officer. Alebiosu had been serving in an acting capacity since April 2024, following the resignation of former MD Adesola Adeduntan. The bank also announced Ini Ebong as the new Deputy Managing Director. Ebong has been the bank’s Executive Director in charge of Treasury and International Banking since January 2022. Additionally, Omotunde Alao-Olaifa, previously CFO of Leadway Holdings, has been appointed as a non-executive Director.

Olusegun Alebiosu brings a wealth of experience to his new role, having served as the Chief Risk Officer (CRO) of First Bank since 2016 and as an Executive Director since January 2022. His career includes significant roles at Coronation Merchant Bank, the African Development Bank Group, and UBA. Alebiosu holds degrees from the University of Lagos and the London School of Economics, and he completed the Advanced Management Program at Harvard Business School.

Ini Ebong, the new Deputy Managing Director, has been with First Bank in various capacities since 2011, including roles as the Bank’s Treasurer and Group Executive for Treasury and International Banking. Prior to joining First Bank, Ebong worked with Renaissance Securities Nigeria Limited and Citigroup. He holds Bachelor’s and Master of Science degrees in Architecture from the University of Ife (now Obafemi Awolowo University). These leadership changes come as part of a broader restructuring within First Bank, a subsidiary of FBN Holdings.

Source: Daily Trust