Following the resignation of the Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank), Dr. Adesola Adeduntan, the Board of Directors has appointed Olusegun Alebiosu acting CEO of the 130-year-old institution.
In a statement posted on its website, the bank explained that “The appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria (CBN).”
The statement continued: “Alebiosu, who as ED/Chief Risk Officer jointly led the transformation of FirstBank over the past 8 years, as an integral member of the team under the previous CEO’s leadership is well placed to deliver on the bank’s strategic objectives.
“Alebiosu joined FirstBank in 2016, and has over three decades of banking experience.”
Meanwhile, the Board of Directors expressed its gratitude to Adeduntan for his exemplary leadership over the last nine years where he superintended the acknowledged transformation and growth of the Bank, and wished him well in his future endeavors.
Alebiosu, who as ED/Chief Risk Officer jointly led the transformation of FirstBank over the past 8 years, as an integral member of the team under the previous CEO’s leadership is well placed to deliver on the bank’s strategic objectives.
