First Bank of Nigeria has named Mr. Olusegun Alebiosu as its acting managing director with effect from April 2024.
The Bank stated this in a release signed by its acting company secretary Adewale Arogundade.
Alebiosu takes over from Adesola Adeduntan, who gave up the role abruptly on Saturday even though he was due to complete his tenure in December 2024.
The release stated that “following the resignation of the managing director/CEO of FirstBank, Dr. Adesola Adeduntan, the Board of Directors has appointed Olusegun Alebiosu as the acting CEO of the 130-year-old institution.
“The appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria.”
The release stated that Alebiosu was until this appointment the executive director, chief risk officer and executive compliance officer since January 2022. Before that, he was the Group executive/chief risk officer, a position he held since 2016.
