Personality in Focus
When Legacy Meets Preparedness: Olusegun Alebiosu As CEO, FirstBank Group
What happens when legacy meets preparedness? What results from such a combination? Let us not be in a hurry to put forward any answers yet. Instead, let us consider first the opposite situation: When legacy meets unpreparedness.
The world abounds in examples of this distressing situation. A dynasty that has built wealth from generation to generation, with its illustrious heirs providing generational leadership, finds itself in a strange phase where an ill-prepared heir takes over the reins and in that same generation, not the next, wipes out the entire family fortune built over several generations.
We see the same thing with nations. History is replete with examples of great nations built by great leaders, which slid into oblivion when they were hit by arguably the greatest misfortune that ever befalls humanity – bad leadership. It is the reason American author and leadership expert John Maxwell asserts, “Everything rises and falls with leadership.”
As with nations, so with organisations. We see organisations that have thrived for decades and over several generations, get a new leader who is not prepared for such leadership, and the leader pushes the organisation to the brink of collapse.
Contrast this picture with the situation at Nigeria’s most enduring corporate organisation with the most amazing legacies of firsts, First Bank of Nigeria Limited, which witnessed a leadership transition about a year ago. Faced with a number of quality options in and outside the then management team, the decision-makers at the bank and its parent company FBNHoldings, now First HoldCo Plc, had to be clear-minded about who could become the new Chief Executive Officer of FirstBank Group.
Equally important as the need for continuity was the non-negotiable requirement for capacity to manage the ship of the 130-years-plus institution to sustain its enviable legacies and consolidate the gains made in recent years. The search was for someone with a steady head and hands (talk of risk control and mitigation), in addition to an excellent track record of sterling performance and achievements.
Fortunately, fate was on their side. They did not have to look outside. Right there before them was someone who understood all kinds of risks and how to control and mitigate them. He had been with FirstBank since 2016 when he joined as Group Executive / Chief Risk Officer. Then in January 2022 he was elevated to Executive Director / Chief Risk Officer and Executive Compliance Officer.
This man has given nearly three decades of his working life to the banking and financial services industry. He has under his belt a rich tapestry of cross-functional experience in credit risk management, financial planning and control, credit and marketing, and trade. His cross-functional exposure also includes corporate and commercial banking, agriculture financing, oil and gas, transportation, including aviation and shipping, and project financing
Meet Olusegun Alebiosu, the man history had prepared and the one decision-makers chose among the quality options. He was appointed substantive Chief Executive Officer of FirstBank Group in June 2024, having acted in that capacity since April 2024 when the former CEO left.
Determined to build on the bank’s legacies while navigating the ever-changing landscape of the financial services industry, Alebiosu has shown unwavering commitment to lead the bank through a transformative period that places emphasis on strategic consolidation, technological advancement and market expansion.
Alebiosu’s approach to sustaining the legacies of firsts at FirstBank, which has been at the vanguard of accelerating Nigeria’s digital payments as the first bank to issue over 13 million cards to customers, draws from his vast professional experience which began with Oceanic Bank Plc, now Ecobank Plc, in 1991. Between then and joining FirstBank in 2016, he had worked at Coronation Merchant Bank as Chief Risk Officer, at African Development Bank Group as Chief Credit Risk Officer and at United Bank for Africa as Group Head, Credit Policy and Deputy Chief Credit Risk Officer.
Under one year of his appointment as substantive CEO of FirstBank, Alebiosu’s strategic consolidation efforts have demonstrated that he is a worthy successor, not an ill-prepared or unprepared one, proving the decision-makers right. Understanding the critical role of its human capital in sustaining the bank’s legacies, Alebiosu has invested himself and the bank’s resources in promoting staff welfare.
A comprehensive review of the bank’s compensation structure was undertaken to position it within the 75th percentile of the industry, making the bank more retentive of, and attractive to, the best talents. The highest number of staff promotions across various grades in the last five years has happened under Alebiosu’s watch, with 1,654 employees being elevated in one single promotion cycle.
Under his leadership, over 2,186 new hires have been recruited across key functions and subsidiaries, with a large number of them deployed to the sales function to ensure that retail customers are adequately served. Staff are now more engaged based on the high employee engagement score of 86% achieved in the April 2025 WorkBuzz survey, indicating remarkable progress in the bank’s multi-pronged efforts to promote a positive and inclusive workplace culture.
This drive to reinforce a culture of inclusion and recognition has been accentuated by the launch of a group-wide culture transformation initiative with the goal of embedding the core values of integrity, excellence and innovation. It has also been strengthened by a renewed focus on inclusion, collaboration and high performance. Also contributing was the staging of a FirstBank Employee Appreciation Day 2025 featuring, among others, a personalised appreciation video message from the CEO to all employees across the group throughout Africa and beyond. The inclusion message is further boosted by the launch of the inaugural edition of the bank’s pioneering initiative, Mandarin Language School, to bolster the bank’s expansion in the Asian market.
Expansion is a critical plank in FirstBank’s new strategic planning horizon, under Alebiosu’s leadership. Taking off this 2025, the plan seeks to reinforce the bank’s market dominance across all operational regions and it includes deliberate expansion into new markets within and outside Africa.
Beyond geographical and horizontal expansion, Alebiosu’s plan has also targeted a skyward expansion. Or how else does one describe the groundbreaking ceremony in March 2025 for the bank’s new green-certified, 44-storey iconic head office building in Eko Atlantic City, Lagos State?
Alebiosu is also prioritising the acceleration of process automation in recognition of the importance of digital transformation. It is a massive push for technological advancement that includes adopting robotics technology and artificial intelligence at scale, to give the bank an unassailable competitive advantage among its peers in the industry.
The bank has deployed digital tools to enhance seamless account opening and optimised backend systems and customer service delivery. Two additional Digital Experience Centres (DXCs) have been launched – one at Lekki Admiralty Way, Lagos State and the other at its UNN branch, Nsukka, Enugu State. Also, the bank’s agent network has expanded to over 280,000, a 50,000 increase from the 230,000 agents it had in 2023.
As expected, shareholders, among other stakeholders, have been observing the strides the bank has been making under Alebiosu’s leadership, with a keen eye on the numbers. Fortunately, again, the bank’s results for the financial year ended December 2024 speak volumes, with after-tax profit of its parent company rising to the highest point it has reached in the last 12 years, according to the company’s latest financial statement.
In recognition of his achievements within such a short period and his exemplary leadership, Alebiosu was honoured at the World Business Outlook Awards as “Banking CEO of the Year – Nigeria 2025”. He has also been honoured with the “Special African Banking Leadership Award” by African Leadership Magazine. This was in 2024.
The story of Alebiosu’s leadership at FirstBank has clearly been one of preparedness meeting legacy. Working with the board and management team, he has consistently sustained the bank’s legacies and also consolidated its recent gains in ways that will ensure the gains keep compounding. FirstBank, more than ever before, is poised for greater intra- and intercontinental growth and impact in the years ahead.
This piece is contributed by Aniekan Ezekiel
The Olubadan of Ibadanland, Oba Owolabi Olakulehin, has died. He was aged 90.
Oba Olakulehin, who ascended the throne in July 2024, died in the early hours of Monday, July 7, 2025, after spending a year on the throne, and two days after his 90th birthday
Oba Olakulehin received the staff of office from Oyo State Governor Engr. Seyi Makinde, on July 12, 2024, as the 43rd Olubadan of Ibadanland.
Oba Olakulehin ascended the throne from the chieftancy rung of Balogun Olubadan, following the demise of Oba (Dr.) Moshood Lekan Balogun, Alli Okunmade II, who died at the age of 81 years on March 14, 2024.
Personality in Focus
Things Fall Apart Festival 2025: Chimamanda Adichie Calls for Igbo Unity, Honoured by ATPN
Global literary icon, Chimamanda Ngozi Adichie, has been inducted as an Honorary Fellow of theAssociation of Tourism Practitioners of Nigeria (ATPN), in recognition of her remarkable contributions to promoting Nigeria’s cultural identity through literature. Her works, which have earned worldwide acclaim, continue to project Nigerian—and particularly Igbo—culture on the global stage.
The honorary induction took place during the Things Fall Apart Festival (TFA) 2025, held in Enugu and organized by the Centre for Memories – Ncheta Ndigbo, with endorsement from the National Council for Arts and Culture (NCAC) and the ATPN, and in partnership with iTour Africa. The festival is a celebration of the legacy of Chinua Achebe’s timeless novel, Things Fall Apart.
Adichie, who chaired the festival, delivered a stirring address that emphasized the urgent need for unity and cultural pride among the Igbo people. Also present at the event were several dignitaries including Sir Ike Chioke, Managing Director of Afrinvest; Sir Emeka Mba, former DG of the Nigerian Broadcasting Commission and founder of Afia TV; and celebrated actor Chief Nkem Owoh (Osuofia).
Speaking on behalf of ATPN National President Omo-Oba Adetunji Femi Fadina, the association’s Deputy President II, Wilson Uche Ugwu, emphasized the vital role of cultural identity in tourism development. He urged Nigerians—especially the Igbo—to take pride in their heritage and support initiatives that preserve and promote indigenous culture. Ugwu also reaffirmed ATPN’s commitment to professionalism among tourism practitioners and the need to avoid distorting Nigeria’s rich history and traditions.
In her keynote speech, Chimamanda Adichie made a powerful call for internal reflection and unity within the Igbo community:
“Ndigbo k’anyi tetalu n’ura. Let us wake up. Ife emebigo n’ala Igbo. Things have fallen apart in Igbo land,” she said. “We often speak of political marginalisation, and indeed any honest assessment of post-war Nigerian history acknowledges that. But before we can truly challenge external forces, we must first ‘clean house.’ We are giving those who want to marginalise us even more reasons to justify their actions.”
She stressed that unity does not mean uniformity but a conscious choice to collaborate for a greater goal despite differences.
“If all governors and senators from the Igbo-speaking states come together and set aside party affiliations, it would bestow a significant bargaining power to influence policies beneficial to the region.”
Adichie also delved into the erosion of Igbo language and identity, lamenting the decline of Igbo literature and the increasing pride in raising children who do not speak their native tongue.
“Languages are beautiful, and the more languages a child can speak, the better. But what’s happening in Igbo land is not about the ability to learn languages—it is about the lack of value for what is ours. Even our naming culture is eroding. We now give names not for their meaning, but for how ‘Western’ they sound.”
She drew parallels with the Germanic tribes, who despite having multiple dialects, united to form a modern German state. In contrast, she warned that internal divisions within Igbo society, often rooted in political rather than cultural identities, are weakening the community.
“Igbo is Igbo. Nobody is more Igbo than another. The distinctions we make today—‘Anambra Igbo,’ ‘Delta Igbo’—are political, not cultural. Our strength lies in our unity.”
The Things Fall Apart Festival 2025 served not only as a celebration of Achebe’s literary genius but also as a rallying point for cultural rebirth and communal introspection. It was a fitting occasion to honour Chimamanda Adichie, a torchbearer of African storytelling and cultural preservation.
Famous American televangelist, Jimmy Swaggart, has died at the age of 90.
Jimmy Swaggart’s death was announced on his Facebook page on Tuesday.
He reportedly died two weeks after suffering a cardiac arrest at his Louisiana home on June 15 2025.
The once most recognized Pentecostal preacher in the United States, was brought down in the late 1980s by sex scandals.
The pastor of the Family Worship Center in Baton Rouge, was reportedly caught on camera in 1988 with a prostitute in New Orleans.
Jimmy Swaggart was embroiled in a prostitution controversy in 1988 after he accused Marvin Gorman, his fellow preacher, of infidelity.
In retaliation, Gorman hired a private investigator who caught Swaggart with a prostitute.
The development triggered a national scandal, prompting him to temporarily step down from preaching.
Addressing the incident during a tearful sermon in 1988, Jimmy Swaggart apologized to his parishioners.
“I have sinned against you. I beg you to forgive me”, he said.
After the scandal, he, however, continued preaching for decades, but with a reduced audience.
