Let’s unveil the inspiring Olusegun Alebiosu biography.
Olusegun Alebiosu, often referred to as “Segun,” is a prominent Nigerian banking executive and financial expert with extensive experience in risk management, corporate governance, and strategic banking operations.
He is widely recognized for his leadership and contributions to the Nigerian financial sector.
With a career spanning over three decades, Alebiosu has held key roles in top financial institutions, showcasing his expertise in banking policies, financial risk assessment, and economic development.
He is currently the Managing Director and Chief Executive Officer (MD/CEO) of First Bank of Nigeria Limited, a role that positions him as one of the most influential figures in Nigeria’s banking industry.
His journey to the top has been marked by dedication, continuous professional development, and a commitment to fostering financial inclusion and stability in Nigeria.
This biography explores his early life, education, career, personal life, and notable achievements.
Olusegun Alebiosu Biography Overview
| Attribute | Details |
|---|---|
| Full Name | Olusegun Alebiosu |
| Nickname | Segun |
| Birthplace | Omuooke-Ekiti, Nigeria |
| Nationality | Nigerian |
| Education | – B.Sc. in Industrial Relations and Personnel Management, University of Lagos – MILD, University of Lagos – M.Sc. in Development Studies, London School of Economics – Executive Education, Harvard Kennedy School |
| Professional Affiliations | – Institute of Chartered Accountants of Nigeria – Nigerian Institute of Management – Chartered Institute of Bankers of Nigeria – Nigerian Institute of International Affairs |
| Current Position | MD/CEO, First Bank of Nigeria Limited |
| Years of Experience | Over 30 years |
| Known For | Leadership in banking and financial services |
Early Life and Education of Olusegun Alebiosu
Born in Omuooke-Ekiti, Nigeria, Olusegun Alebiosu grew up in a modest environment that instilled in him a strong work ethic and determination to excel academically.
His early education took place in Nigeria, where he displayed a keen interest in finance and economics.
He proceeded to the University of Lagos, where he obtained a Bachelor of Science degree in Industrial Relations and Personnel Management.
Not stopping there, he earned a Master’s in International Law and Diplomacy (MILD) from the same university. To further hone his skills in economic policies and global finance, he pursued a Master of Science in Development Studies at the London School of Economics and Political Science.
Additionally, he completed executive education programs at the Harvard Kennedy School, which equipped him with advanced leadership and management skills essential for high-level corporate governance.
Olusegun Alebiosu Professional Affiliations
Alebiosu is affiliated with several prestigious professional organizations that reflect his expertise and contributions to the financial sector:
- Institute of Chartered Accountants of Nigeria (ICAN): A fellow of ICAN, he has demonstrated extensive knowledge in financial accounting and auditing.
- Nigerian Institute of Management (NIM): His membership underscores his commitment to leadership and strategic management.
- Chartered Institute of Bankers of Nigeria (CIBN): This affiliation showcases his dedication to maintaining high standards in banking.
- Nigerian Institute of International Affairs (NIIA): His involvement indicates his interest in economic diplomacy and global financial strategies.
Olusegun Alebiosu Career Trajectory
Alebiosu’s career in banking began in 1991 at Oceanic Bank Plc (now Ecobank Plc), where he started as a financial analyst.
Over the years, he gained extensive experience in credit risk assessment, financial management, and policy formulation.
Olusegun Alebiosu Key Career Highlights:
- United Bank for Africa (UBA): He served as Group Head of Credit Policy and Deputy Chief Credit Risk Officer, where he played a crucial role in developing the bank’s risk assessment policies.
- African Development Bank Group: As Chief Credit Risk Officer, he oversaw risk management across various financial operations, ensuring the sustainability of the bank’s investments.
- Coronation Merchant Bank Limited: He functioned as Chief Risk Officer, implementing robust frameworks to safeguard financial transactions and mitigate risk.
Leadership at First Bank of Nigeria Limited
In September 2016, Alebiosu joined First Bank of Nigeria Limited as the Chief Risk Officer, a role in which he developed policies that enhanced the bank’s risk management strategies. His exceptional leadership led to his promotion as Executive Director, Chief Risk Officer, and Executive Compliance Officer in January 2022.
By April 2024, he was appointed as Acting MD/CEO, and his position was officially confirmed in June 2024. Under his leadership, First Bank has undergone significant restructuring to improve operational efficiency. In December 2024, the bank laid off about 100 senior staff members as part of a broader transformation plan to strengthen its financial stability.
Olusegun Alebiosu Recent Developments
In January 2025, at the Nigeria Economic Outlook event, Alebiosu spoke on the nation’s economic recovery, emphasizing Nigeria’s GDP growth and banking sector resilience. He highlighted First Bank’s commitment to partnering with the Lagos State government on infrastructure development, further cementing his reputation as a forward-thinking financial leader.
Frequently Asked Questions
What is Olusegun Alebiosu’s educational background?
Alebiosu holds a B.Sc. in Industrial Relations and Personnel Management and a Master’s in International Law and Diplomacy from the University of Lagos. He also earned a Master’s in Development Studies from the London School of Economics and attended executive programs at Harvard Kennedy School.
What roles did Alebiosu hold before becoming MD/CEO of First Bank?
Before assuming leadership at First Bank, Alebiosu served as Chief Risk Officer at Coronation Merchant Bank, Chief Credit Risk Officer at African Development Bank Group, and Group Head of Credit Policy at UBA.
What major reforms has Alebiosu implemented at First Bank?
Under Alebiosu’s leadership, First Bank embarked on a major restructuring exercise, which included downsizing senior staff and revamping financial policies to enhance efficiency. His tenure has been marked by a focus on economic stability and digital banking expansion.
Is Olusegun Alebiosu affiliated with any professional organizations?
Yes, he is a fellow of ICAN and a member of CIBN, NIM, and NIIA, demonstrating his commitment to professional excellence in banking and finance.
What is Olusegun Alebiosu’s net worth?
While his exact net worth remains undisclosed, his long-standing career in banking, coupled with leadership roles in top-tier financial institutions, suggests he has accumulated substantial wealth.
His earnings come primarily from executive positions, investments, and board memberships.
Olusegun Alebiosu has cemented his legacy as one of Nigeria’s most influential banking executives. With a deep understanding of financial policies, risk management, and corporate governance, he continues to shape the banking industry’s future. His tenure at First Bank of Nigeria Limited reflects his commitment to innovation, economic development, and financial stability.
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