Celebrating University of Lagos Alumni: First Bank Confirms Olusegun Alebiosu as Managing Director​

The University of Lagos (UNILAG) is renowned for its legacy of producing graduates who excel in various fields, contributing significantly to the socio-economic development of Nigeria and beyond.

Recently, this legacy was further solidified as First Bank of Nigeria, one of the country’s oldest and most prestigious financial institutions, confirmed the appointment of a distinguished UNILAG alumnus to its executive leadership team.

Olusegun Alebiosu has been named the Managing Director, while Ini Ebong takes on the role of Deputy Managing Director.

Olusegun Alebiosu: A Leader with Vision and Experience

Olusegun Alebiosu, a proud graduate of UNILAG, has carved an impressive career in the banking sector, characterized by his strategic vision and commitment to excellence. His appointment as Managing Director of First Bank is a recognition of his extensive experience and his significant contributions to the financial services industry.

Alebiosu’s journey began with a solid educational foundation at UNILAG, where he earned a degree that equipped him with the knowledge and skills essential for his professional endeavors. Over the years, he has amassed a wealth of experience in various capacities within the banking sector, demonstrating a deep understanding of risk management, corporate finance, and strategic planning. His leadership is expected to steer First Bank towards new heights, leveraging his expertise to foster growth, innovation, and sustainability.

About Olusegun Alebiosu 

Before Acting as the MD of the bank, Olusegun Alebiosu was an Executive Director with the bank, serving as the Chief Risk Officer and the Executive Compliance Officer of the bank since January 2022. He has been the Chief Risk Officer (CRO) of First Bank since 2016.  

Before joining First Bank as the CRO in 2016, he was the CRO at Coronation Merchant Bank. He was also the Chief Credit Risk Officer at the African Development Bank Group and was the Deputy Chief Credit Risk Officer at UBA. His professional career commenced in 1991 with Oceanic Bank Plc (now Ecobank Plc).  

He is an alumnus of the University of Lagos, where he obtained a Bachelor’s Degree in Industrial Relations and Personnel Management. Alebiosu then obtained a Master’s Degree in International Law and Diplomacy from the University of Lagos.  

Alebiosu obtained a Master’s Degree in Development Studies from the London School of Economics and Political Science. He also completed the Advanced Management Program at Harvard Business School.