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First Bank appoints new executive directors

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FBN Holdings Plc has announced the appointment of three executive directors for its commercial banking business, First Bank of Nigeria Limited.

In a statement to the Nigerian Exchange Limited (NGX) by the company secretary, Seye Kosoko, the new appointees are Olusegun Alebiosu, erstwhile group executive and chief risk officer who is now the Executive Director, Risk management and executive compliance officer.

Others are Oluwatosin Adewuyi, former group executive, corporate banking who is now the executive director, corporate banking and Ini Ebong, former group executive, treasury and international banking who is now the executive director, treasury and international banking.

The statement clarified that the new appointments are subject to the approval of the Central Bank of Nigeria.

Mr Alebiosu was the chief credit officer of the African Development Bank Group (ADB). He previously worked at the United Bank for Africa Plc, the defunct Omega Bank Plc, Peak Merchant Bank as well as Oceanic Bank Plc.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), an associate of the Nigerian Institute of Management, a member of the Chartered Institute of Bankers of Nigeria and of the Nigerian Institute of International Affairs.

Mr Adewuyi is a banker with over 20 years’ experience covering sub-Saharan Africa. Before joining FirstBank, he worked at J.P. Morgan, where he was a managing director and had been head of its Nigeria business for eight years. He worked at Standard Bank, London for about five years and qualified as a certified chartered accountant

Mr Ebong was the Group Executive in charge of treasury and international banking at FirstBank. He was also responsible for the Structured Trade and Commodity Finance business.

Mr Ebong is a qualified architect with a BSc and MSc in Architecture from the University of Ife.

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