Olusegun Alebiosu has been appointed as the Acting Managing Director of First Bank of Nigeria (FBN) Limited, following the resignation of Adesola Adeduntan, who stepped down eight months ahead of his scheduled retirement on December 31, 2024. Alebiosu previously served as the Executive Director, Chief Risk Officer, and Executive Compliance Officer at FBN since January 2022.
With over 28 years of experience in the banking and financial services sector, Alebiosu brings a wealth of knowledge to his new role. His expertise spans 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.
Alebiosu began his professional career in 1991 at Oceanic Bank Plc, now EcoBank Plc. Prior to joining FirstBank in 2016, he held key positions such 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.
He holds a Bachelor’s Degree in Industrial Relations and Personnel Management, a Master’s Degree in International Law and Diplomacy from the University of Lagos (UNILAG), and a Master’s Degree in Development Studies from the London School of Economics and Political Science. Alebiosu is a member of several professional bodies, including the Institute of Chartered Accountants (FCA), Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN), and Nigeria Institute of International Affairs.
