First Bank of Nigeria Limited (FirstBank), on Sunday, announced Olusegun Alebiosu as its new acting Managing Director/Chief Executive Officer pending the approval of the Central Bank of Nigeria (CBN).

Alebiosu replaced Dr Adesola Adeduntan who served in the role from 2016.

Before now, Alebiosu, was the Executive Director, Chief Risk Officer and Executive Compliance Officer since January, 2022. He commenced his professional career in 1991 with Oceanic Bank (now EcoBank). Prior to joining FirstBank in 2016, he served as Chief Risk Officer at Coronation Merchant Bank Limited; Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy and Deputy Chief Credit Risk Officer at United Bank for Africa.

An alumnus of Harvard School of Government, he holds a BA in industrial relations and personnel management and a masters in international law and diplomacy from the University of Lagos. He also holds a masters in development studies from the London School of Economics and Political Science.

He is a member of various 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.