Olusegun Alebiosu, a Nigerian business executive and banking veteran was born in August 1967. He serves as Managing Director and Chief Executive Officer of First Bank of Nigeria Limited, a position he assumed substantively in June 2024 after serving as acting CEO from April that year, making him the sixth person to lead Nigeria’s oldest commercial bank this century.
Olusegun Alebiosu Profile
| Name | Olusegun Alebiosu |
| Real Name | Olusegun Alebiosu |
| Date of Birth | August 1967 |
| State of Origin | Ekiti state |
| Tribe | Yoruba |
| Nationality | Nigerian |
| Occupation | A Nigerian business executive and banking veteran |
| Religion | Christianity |
| Marital Status | Married |
| Net Worth | N/A |
| Copied from | content101.com |
Educational Background
Olusegun Alebiosu holds a Bachelor’s degree in Industrial Relations and Personnel Management and a Master’s degree in International Law and Diplomacy, both from the University of Lagos. He also earned a Master of Science degree in Development Studies from the London School of Economics and Political Science and completed the Advanced Management Program at Harvard Business School, in addition to being an alumnus of the Harvard Kennedy School of Government.
Career
Olusegun Alebiosu began his banking career in 1991 at Oceanic Bank Plc, now Ecobank. He went on to hold senior risk management roles at United Bank for Africa as Group Head of Credit Policy and Deputy Chief Credit Risk Officer, at the African Development Bank Group as Chief Credit Risk Officer, and at Coronation Merchant Bank as Chief Risk Officer. He joined First Bank in 2016 as Group Executive and Chief Risk Officer, a position he held until January 2022 when he became Executive Director, Chief Risk Officer, and Executive Compliance Officer.
Following the resignation of Dr. Adesola Adeduntan in April 2024, Alebiosu was appointed acting CEO, before the board confirmed him substantively in June 2024. He brings over 28 years of cross-functional banking experience spanning credit risk management, financial planning, trade finance, agriculture financing, and project financing. He is a Fellow of the Institute of Chartered Accountants of Nigeria and a member of the Chartered Institute of Bankers of Nigeria and the Nigerian Institute of International Affairs.
Controversies
Olusegun Alebiosu’s tenure began under significant institutional pressure, as First Bank had been classified by the Central Bank of Nigeria as a systemically important bank and placed under regulatory forbearance due to underlying operating and financial weaknesses tied to poor-quality risk assets, particularly from heavy exposure to the oil and gas sector.
As the bank’s former Chief Risk Officer stepping into the CEO role, Alebiosu inherited the responsibility of completing a turnaround that his predecessor had begun, a transition some industry analysts noted required difficult decisions around insider politics, vested interests, and board dynamics. No personal scandal has been publicly attached to his name.
Olusegun Alebiosu Social Media Handle
Olusegun Alebiosu does not have any official or publicly known social media handles.
Personal Life
Olusegun Alebiosu has built his public profile entirely around his banking career rather than personal visibility. Olusegun Alebiosu hails from Ekiti State, He is happily married with children.
Olusegun Alebiosu Net Worth
Olusegun Alebiosu’s net worth is not available to the public.