FBN Holdings, the parent company of First Bank of Nigeria (FBN) Limited, has appointed Olusegun Alebiosu as the acting chief executive officer (CEO) of the bank after the resignation of Adesola Adeduntan.

Adeduntan, was appointed as CEO in 2016, resigned on April 20, eight months before his contract ended..

In a statement, FBN Holdings said Alebiosu’s appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria (CBN).

Alebiosu joined FirstBank in 2016 and was the executive director and chief risk officer prior to his appointment. 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.

He 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”

“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, 011 and Gas, Transportation (including Aviation and Shipping) and Project financing,” FBN Holdings said.

He is a member of various professional bodies; a fellow at the Institute of Chartered Accountants (FCA), an associate at Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and a member of Nigeria Institute of International Affairs.

With over three decades of banking experience, FBN Holdings said Alebiosu is well-placed to deliver on the bank’s strategic objectives.