Business

FBN Holdings Confirms Olusegun Alebiosu as First Bank CEO, Awaits CBN Approval

FBN Holdings Plc, on Wednesday announced Mr. Olusegun Alebiosu as the substantive Managing Director/Chief Executive Officer of its banking subsidiary, First Bank of Nigeria Limited (FirstBank).

The holding company in a statement on the Nigerian Exchange Limited (NGX) disclosed that the appointment was subject to Central Bank of Nigeria (CBN) approval.

Alebiosu had been serving as the Acting Managing Director of the bank since April 2024, when the former MD, Adesola Adeduntan resigned his position as the CEO of the bank.

The Acting company Secretary, FBN Holdings, Mr. Adewale Arogundade in a signed statement on the NGX also disclosed the appointment of Ini Ebong as the Deputy Managing Director, adding that the appointment was also subject to the approval of CBN.

Ini was the bank’s former Executive Director in charge of Treasury and International Banking.

In addition, the Group announced the appointment of Mr. Alao Olatunde-Olaifa as Non-executive Director of FirstBank and it is subject to apex banking regulating body approval.

Kayode Tokede

Follow us on:

AriseNews

Recent Posts

Lucky Aiyedatiwa Declared Winner of Ondo Governorship Election by INEC

INEC has declared APC's Lucky Aiyedatiwa winner of Ondo governorship election, securing 366,781 votes against…

59 seconds ago

Kogi Law Students Laud Governor Ododo For Unprecedented ₦300K Bursary And ₦600M WAEC Fee Approval

Kogi law students commend Governor Ododo for ₦300K bursary, ₦600M WAEC fee approval, and transformative…

55 mins ago

NDLEA Intercepts Large Cocaine, Meth Consignments Bound For UK, Italy, Turkey, Qatar At Lagos, Abuja Airports

Cocaine, meth, opioids bound for the UK, Italy, Turkey, and Qatar were intercepted by NDLEA…

2 hours ago

President Tinubu Confers GCON Honour on Indian PM Modi During Historic Abuja Visit

President Bola Tinubu has conferred the Grand Commander of the Order of the Niger (GCON)…

2 hours ago

Angry Mob in Ondo Sets Car Ablaze After Fatal Accident Claims Two Lives

Angry residents in Ondo have set a car ablaze on Saturday night after fatal accident…

2 hours ago

High Court Bars NBC From Imposing Fines, Harassing Broadcast Stations

The Federal High Court has ruled that the NBC lacks authority to fine, sanction media…

4 hours ago