Olusegun Alebiosu as Managing Director

The Board of FirstBank has approved the appointment of Mr. Olusegun Alebiosu as the new Managing Director and Chief Executive of FirstBank Group. Mr. Alebiosu, previously the Acting Managing Director and Chief Executive, officially assumed his new role on June 19, 2024, pending regulatory approvals. Additionally, Mr. Ini Ebong has been named Deputy Managing Director, and Mr. Omotunde Alao-Olaifa has been appointed as Non-Executive Director.

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Mr. Olusegun Alebiosu brings over 28 years of experience in the banking and financial services industry to his new role. His previous positions at FirstBank include Executive Director, Chief Risk Officer, and Executive Compliance Officer. Prior to joining FirstBank in 2016, he held various significant roles, including Chief Risk Officer at Coronation Merchant Bank Limited and Chief Credit Risk Officer at the African Development Bank Group.

Mr. Ini Ebong, who has been appointed as Deputy Managing Director, was the Executive Director of Treasury and International Banking since January 2022. He has nearly 30 years of extensive banking experience, having served as Group Executive of Treasury and International Banking since 2016 and as the Bank’s Treasurer from 2011 to 2016. Before joining FirstBank, Mr. Ebong held key positions at Renaissance Securities Nigeria Limited and Citigroup.


Mr. Omotunde Alao-Olaifa joins the Board as a Non-Executive Director, bringing extensive experience in corporate finance, including capital raising, debt restructuring, and project financing. He is currently the Group Chief Financial Officer/Strategy & Principal Investment at Leadway Holdings and sits on the Boards of C&I Leasing Plc and Leadway Pensure PFA.

These strategic appointments are expected to strengthen FirstBank’s leadership team and drive the bank’s mission to enhance financial services across Nigeria and beyond.

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