First Bank of Nigeria Limited has announced the appointments of Olusegun Alebiosu, Ini Ebong and Omotunde Alao-Olaifa as managing director/CEO, deputy managing director and non-executive director of the commercial banking division of the financial services group.
The appointments come after the approval of the board and the Central Bank of Nigeria, FBN Holdings said in a regulatory filing. Alebiosu before the announcement was the bank’s acting managing director since 21 April after Adesola Adeduntan resigned as MD/CEO.
Alebiosu began his professional career in 1991 at the defunct Oceanic Bank. He has served in various roles at the United Bank for Africa, the African Development Bank, and the Coronation Merchant Bank.
He holds a Bachelor’s degree in Industrial Relations & Personnel Management and a Master’s degree in International Law and Diplomacy from the University of Lagos, and a master’s in Development Studies from the London School of Economics and Political Science. He is also an alumnus of Harvard Business School and Harvard School of Government.
The bank’s new deputy managing director, Ini Ebong holds a Bachelor’s and a Master of Science degrees in Architecture from the University of Ife (now Obafemi Awolowo University). He has worked in various capacities at Citigroup, and Renaissance Securities Nigeria Limited, the Nigeria-registered subsidiary of Renaissance Capital, before joining First Bank.
Non-executive director, Omotunde Alao-Olaifa is the current group chief financial officer at Leadway Insurance, Leadway Holdings, and is a board member of Leadway Pensure PFA and C&I Leasing. He has also worked with Fidelity Bank and Lionstone Group.
Alao-Olaifa is an alumnus of the University of Ibadan with a bachelor’s degree in Political Science and Pan Atlantic University, where he holds a master’s in strategy. He has also attended senior executive programmes at Harvard Business School and London Business School.
