First Bank confirms Alebiosu as Managing Director, Ebong as Deputy Managing Director

First Bank of Nigeria Limited has announced Olusegun Alebiosu as its substantive Managing Director/Chief Executive Officer.

In a notice to the Nigerian Exchange Limited (NGX), on Wednesday, the company’s Secretary, Adewale Arogundade, said the appointment of Alebiosu was subject to the approval of the Central Bank of Nigeria (CBN).

Alebiosu had been serving as the acting Managing Director of the bank since April 2024, when the former MD, Adesola Adeduntan resigned his position as the CEO of the bank.

He previously served as the bank’s Executive Director, Chief Risk Officer, Executive Compliance Officer, Group Executive/ Chief Risk Officer, among others.

First Bank also confirmed Ini Ebong as the Deputy Managing Director (DMD) and Alao Olatunde-Olaifa as Non-Executive Director. Both appointments are also subject to the approval of the CBN.

Ini was the bank’s Executive Director in charge of Treasury and International Banking since January 2022. Olatunde-Olaifa is the current Group Financial Officer of Leadway Holdings.