First Bank Confirms Alebiosu As MD

First Bank of Nigeria Limited has confirmed the appointment of Olusegun Alebiosu as the substantive Managing Director (MD) and Chief Executive Officer (CEO) of the bank.

Updating the Nigerian Exchange Group of recent development within the bank, the company’s Secretary, Adewale Arogundade, in a notice on Wednesday, said the appointment of Alebiosu is subject to the approval of the Central Bank of Nigeria (CBN).

Before his new appointment, Alebiosu was acting Managing Director of the bank since April 2024, when the former MD, Adesola Adeduntan, resigned.

First Bank also appointed Ini Ebong as the Deputy Managing Director (DMD) and Alao Olatunde-Olaifa as Non-Executive Director. Both appointments are also subject to the approval of the Central Bank.