First Bank Nigeria Has Appointed Three New Executive Directors

FBN Holdings Plc’s board of directors have announced the appointment of three executive directors for its commercial banking arm, First Bank Nigeria Limited, recently.

Olusegun Alebiosu was named executive director, risk management and executive compliance officer, and Oluwatosin Adewuyi was named executive director, corporate banking.

Ini Ebong will be appointed executive director, treasury and international banking.

This was stated by FBN Holdings Plc in a statement to the Nigerian Exchange Limited (NGX) signed by its company secretary, Seye Kosoko.

The appointments are subject to approval by the Central Bank of Nigeria, according to the statement.

Since 2016, Mr. Alebiosu has served as a group executive and the FirstBank Group’s chief risk officer.

He was also the African Development Bank Group’s chief credit officer (AfDB). He previously worked for United Bank for Africa Plc, Omega Bank Plc, Peak Merchant Bank, and Oceanic Bank Plc.

Mr. Alebiosu is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), a member of the Chartered Institute of Bankers of Nigeria, and a member of the Nigerian Institute of International Affairs.

Following the departure of the previous executive director, Mr. Adewuyi was appointed group executive, corporate banking at FirstBank, where he was in charge of the bank’s corporate banking operations.

He is a banker with more than 20 years of experience in Sub-Saharan Africa. He was a managing director and the head of J.P. Morgan’s Nigeria business for eight years prior to joining FirstBank. He worked for Standard Bank in London for about five years before becoming a certified chartered accountant.

Mr. Ebong was FirstBank’s Group Executive in charge of treasury and international banking. He was also in charge of the Structured Trade and Commodity Finance divisions.

Mr. Ebong is an architect with a BSc and MSc in Architecture from the University of Ife.