FBN Holdings Ltd has officially notified the Nigerian Exchange Limited that it has appointed Olusegun Alebiosu as the Acting Chief Executive Officer of its subsidiary, First Bank of Nigeria of Nigeria Limited.
PREMIUM TIMES reported the appointment of Mr Alebiosu following the surprised resignation of Adesola Adeduntan, who was due to complete his tenure in December.
“As you are aware, my contract would be expiring on 31 December 2024 after which I would no longer be eligible for employment within the Bank having served as the Managing Director/Chief Executive Officer of FirstBank for a record time of nine years,” Mr Adeduntan wrote in his resignation letter.
“During this period the Bank and its subsidiaries has undergone significant changes and broken new grounds. We have repositioned the institution as an enviable financial giant in Africa. I have however decided to proceed on retirement with effect from 20 April 2024 to pursue other interests.”
