…Ini Ebong and Omotunde Alao-Olaifa appoints as DMD and Non Executive Director respectively
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its substantive Managing Director/Chief Executive Officer.
He has been serving as the Acting Managing Director of the bank since April 2024, when the former MD, Adesola Adeduntan resigned his position as the MD/CEO of the bank.
The bank also announced the appointment of Ini Ebong as the Deputy Managing Director. Ini was the bank’s Executive Director in charge of Treasury and International Banking since January 2022. Â
The bank also announced the appointment of Omotunde Alao-Olaifa, the CFO of Leadway Holdings as a non-executive Director.
First Bank of Nigeria Limited, a subsidiary of FBN Holdings has undergone significant leadership changes since March 2024, when its MD resigned.
About Olusegun Alebiosu Â
Olusegun Alebiosu was appointed the Executive Director, Chief Risk Officer and Executive Compliance Officer in January 2022. Prior to this appointment, he was the Group Executive/ Chief Risk Officer, a position he held since 2016.
Segun brings to the Executive Management of FirstBank over 28 years experience in the banking and financial services industry with cross-functional exposure to Credit risk management, Financial planning and control, Credit and marketing, Trade, Corporate and commercial banking, Agriculture financing, Oil and Gas, Transportation (including Aviation and Shipping) and Project financing.
He commenced his professional career in 1991 with Oceanic Bank Plc. (now EcoBank Plc.) and prior to joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.
Segun is an alumnus of Harvard School of Government and holds a bachelor’s degree in Industrial Relations and Personnel Management. He also obtained a master’s degree in International Law and Diplomacy from the University of Lagos and holds a master’s degree in Development Studies from the London School of Economics and Political Science.
He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of International Affairs.
Segun is a golfer and an adventurer. He is happily married with children.
About Ini Ebong
Ini Ebong will resume as the bank’s Deputy Managing Director after serving as the Executive Director of treasury and International Banking from January 2022. He was previously the Group Executive, Treasury and International Banking from 2016.
Before serving as a Group Executive, he was the Bank’s treasurer, a position he held from 2011 to 2016.
Prior to joining First Bank, he worked with Renaissance Securities Nigeria Limited, as well as Citigroup, where he was the Country Treasurer, as well as Sales and Business Head.
Ebong holds both a Bachelor’s and Master of Science degree in Architecture from the University of Ife (now OAU).
About Omotunde Alao-Olaifa
Omotunde Alao-Olaifa is currently the Group Chief Financial Officer/Strategy and Principal Investment at Leadway Holdings.
Before joining Leadway Holdings, he was an Investment Banking associate with Lionstong Group. He was also an assistant manager in Fidelity Bank, in the corporate banking division.Â
