First Bank names Olusegun Alebiosu as acting MD/CEO

The Board of FBN Holdings Plc, has announced the appointment of Olusegun Alebiosu as acting Managing Director/Chief Executive Officer of the company, effective April 2024. The appointment came on the heels of the recent resignation of the bank’s Managing Director/Chief Executive, Dr. Adesola Adeduntan.


Olusegun Alebiosu was appointed the acting Managing Director/Chief Executive Officer, First Bank of Nigeria Limited (FirstBank Group) in April 2024.

He was until this appointment 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.

He 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.

Segun is an alumnus of Harvard Business School and Harvard School of Government.  He holds a Bachelor’s degree in Industrial Relations and Personnel Management, and also a Master’s degree in International Law and Diplomacy from the University of Lagos.  He obtained a Master’s degree in Development Studies from the London School of Economics and Political Science, and completed Advanced Management Program (AMP) at Harvard Business School.

He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of International Affairs.

Segun is a golfer and an adventurer. He is happily married with children.

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