First Bank of Nigeria Holding Plc (FBN Holdings), the parent company of First Bank of Nigeria Limited, has announced the appointment of Olusegun Alebiosu as the new substantive managing director (MD) and chief executive officer (CEO) of the bank.
FBN Holdings, who announced in a statement filed on the Nigerian Exchange Limited (NGX) on Wednesday, said Alebiosu’s appointment was subject to the approval of the Central Bank of Nigeria (CBN).
Recall that Alebiosu has been serving as the acting managing director of First Bank since April 22. His appointment followed the resignation of Adesola Adeduntan, who still had eight months before his contract ended.
FBN Holdings also announced the appointment of Ini Ebong as the Deputy Managing Director (DMD).
Ebong was the bank’s Executive Director in charge of treasury and international banking from January 2022.
Ini has a passion for market development and has worked actively to drive change and internationalisation of the Nigerian financial markets: foreign exchange, fixed income and securities.
Before joining FirstBank, he was the head of African Fixed Income and Local Markets Trading, Renaissance Securities Nigeria Limited, the Nigerian registered subsidiary of Renaissance Capital.
He has also served with Citigroup for 14 years as Country Treasurer and Sales and Business Head. He has worked closely with regulatory bodies such as the CBN and DMO in assisting with the development of fresh monetary and foreign exchange policies.
Also, FBN Holdings said Omotunde Alao-Olaifa, the Chief Financial Officer (CFO) of Leadway Holdings, has been appointed as a Non-executive Director.