Join me to congratulate the Acting CEO of First Bank, Olusegun Alebiosu. Mr. Alebiosu will lead one of the most important Nigerian institutions. Before Nigeria, there was the First Bank of Nigeria, a 130-year heritage. He is going to work to secure my retirement as I am well invested in FirstBank’s parent company as a shareholder. Yes, that Naija Big Offer!
As a commentator, this is a rare appointment making Alebiosu ascension very unique, showcasing that risk and compliance management is moving to the top echelon in Nigerian banking. Nigerian banks rarely elevate Chief Risk/Compliance Officers to lead the institutions. The operations, marketing, investment/corporate finance chiefs run those shows. Things are changing.
That said, we can extrapolate that it is possible that the last CEO left due to risk/compliance related matters; I had expressed my shock that he resigned like a janitor, since you do not expect bank chiefs to come to work, resign, and stop work that same day. Whatever might have happened, if any, Mr Olusegun Alebiosu, as a risk zen-master, needs to fix the matter.
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It looks like this is factual. Yes, the CEO of FirstBank of Nigeria has resigned in the most intriguing way considering that his contract expires at the end of the year, Dec 31, 2024. I just hope it is well with him and his family as bank leaders do not resign like janitors with no notice! But if it is for another career opportunity, good luck to him.
I wish the elephant fine and Olusegun Alebiosu the best of luck. He just elevated risk/control/compliance profession in Nigeria.
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