Personality in Focus
When Legacy Meets Preparedness: Olusegun Alebiosu As CEO, FirstBank Group
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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
Personality in Focus
WTN London: NANTA Will Continue to Support Awakan’s Leadership – Folami
The President of the National Association of Nigeria Travel Agencies (NANTA), Dr. Yinka Folami, has commended the Nigerian Tourism Development Authority (NTDA) and its Director General, Dr. Ola Awakan, for putting together an impressive outing for Nigeria at the just concluded WTM London 2026, held at ExceL London between November 3 and 5, 2026.
Speaking on behalf of NANTA, the umbrella body for travel agencies in Nigeria, Dr. Folami said the NTDA’s outing was not just impressive, it was historic, it was dignified, it was Nigeria at its best.
Dr. Folami, who was represented in London by NANTA’s First Deputy President, Mustapha Mohammed, leading a high-powered NANTA delegation, with NANTA as the only association with a dedicated presence at the NTDA stand at WTM London, said he watched with pride as NTDA led Nigeria’s participation, with the endorsement of President Bola Ahmed Tinubu, who had commended Awakan for his immersive storytelling, collaboration and innovation in his first year in office.
He said: “On behalf of NANTA, I want to commend the Director General of NTDA, Dr. Ola Awakan, for putting together an impressive outing for Nigeria at WTM London. He did not just take Nigeria to London, he took Nigeria back to the world. After years of absence, after years of invisibility, Nigeria was seen, Nigeria was heard, Nigeria was engaged. The NTDA stand was a true national showcase. The storytelling was compelling. The partnerships were strategic. The visibility was real. This is what leadership looks like. This is what commitment looks like. And NANTA is proud to have stood side by side with NTDA in London.”
Dr. Folami noted that Nigeria’s participation at WTM 2026 enabled the country to present its tourism assets to a global audience, raising the profile of key destinations and products while opening new market possibilities, advancing collaboration, innovation and storytelling in promoting Nigeria’s tourism potential.
The NANTA President was emphatic: NANTA’s support for NTDA is not a one-off, it is a commitment.
“I want to assure Dr. Awakan and the entire NTDA that NANTA under my leadership will continue to support his leadership of NTDA. We will always partner with NTDA and other government tourism agencies to harness, develop, grow and market Nigerian tourism assets and destinations. That is our mandate. That is our promise. Government cannot do it alone. Private sector cannot do it alone. But together, government and private sector can put Nigeria where she belongs – on the world map, and on the world market.”
“We handed over in 2024 because we believe the goal is not who owns Nigeria’s stand, but that Nigeria has a stand. And now that NTDA has taken up the baton with such excellence, NANTA will stand beside NTDA – wherever Nigeria needs us, we will be there.”
In a special tribute, Dr. Folami appreciated Elizabeth Agbola, Founder and CEO of NTT Global Destinations, who worked hand in hand with NTDA to birth the return of Nigeria to the global tourism trade event.
“I want to specially appreciate our sister, Elizabeth Agbola, who worked hand in hand with Dr. Awakan to birth this return. Behind every successful outing, there are silent workers, there are bridge builders, there are people who make calls, and who encourage support for greater good. Elizabeth is one of them.
Dr. Folami prayed for greater visibility for Nigeria in international tourism expositions across the world.
“My prayer is that this WTM will not be a one-off. My prayer is that Nigeria will be at FITUR in Madrid, at ITB in Berlin, at Arabian Travel Market in Dubai, at WTM in London, every year, with a bigger stand, with a bigger story, with bigger results. Visibility is not vanity. Visibility is business. If you are not seen, you are not sold. And Nigeria must be seen. Nigeria must be sold. May God give NTDA, NANTA, and all of us, the grace to sustain this momentum.”
The NANTA President also called on other players and associations to support government efforts to promote tourism in Nigeria.
“I am calling on all other players, all other associations – FTAN, NATOP, ATPN, hoteliers, tour operators, airlines, state tourism boards – let us support government efforts to promote tourism in Nigeria. Let us stop grumbling. Let us stop competing for who owns Nigeria. Let us compete for who serves Nigeria better. Government has done its part at WTM. Now we must do our part. Let us bring our products, let us bring our packages, let us bring our investments, and let us make Nigeria the destination of choice in Africa.”
Finally, Dr. Folami commended NANTA members and all stakeholders who came out in numbers to support NTDA and Nigeria’s return to WTM.
“To our NANTA members who travelled to London, who committed financial support to NANTA, who paid their way, who manned our stand, who marketed Nigeria with passion, I say thank you. To our NANTA BOT Chairman Alhaji Aminu Agoha, supported by BOT Member Alhaji Kabir Maiwada, who visibly graced the event with their support and presence, I say thank you, and To all stakeholders, FTAN, NATOP, AITEC World, the media, the diaspora community in the UK who stormed our pavilion, I say thank you. You came out in numbers to support NTDA and Nigeria’s return to WTM. You proved that when Nigeria calls, her children answer. This victory belongs to all of us.”
Dr. Folami concluded with a message of hope: “Nigeria is back. And by the grace of God, Nigeria is here to stay. NANTA will always partner with NTDA. NANTA will always put Nigeria first. That is not just our slogan. That is our legacy.”
Personality in Focus
Khaira Bala Emerges Winner of 16th UBA Foundation Essay Competition, Gets N15m Grant
Khaira Bala emerges winner of16th UBA Foundation Essay Competition, wins N15m
Khaira Ojima Bala of Metro International School, Abuja, has been crowned as Nigeria’s top secondary school essayist for 2026, emerging as the winner of the 16th edition of the UBA Foundation National Essay Competition
Khaira, 15, was announced as the winner during the grand finale of the competition, where she received a N15m educational grant to study at any university in Africa. The event was held on Tuesday at UBA House, Marina, Lagos, and had a large audience which included finalists, parents, students, teachers and judges.
An elated Bala dedicated the award to her parents. “I am so happy right now. My parents have sacrificed so much for my education, and this award belongs to them as much as it belongs to me,” she said. “I also want to thank the UBA Foundation for believing in young people like me and giving us a platform to share our ideas.”
Unwanabasi Otobon Udom of Topfaith International Secondary School placed second, receiving N10 million, while Flourish Chibunumoma Ndamzi of University of Port Harcourt Women Association International Secondary School came third, receiving N7.5 million.
God’sfavour Ezekiel Udo of Federal Government Girls College, Ikot Obio Itong, and Uchenna Olivia Anyanwu of Coral Impacts International School, Abuja, came 4th and 5th, receiving N5 million and N3.5 million, respectively.
The 20 finalists emerged from over 15,000 entries submitted by senior secondary school students across Nigeria, as they wrote on the topic: “No nation can develop without food security. How can Nigeria deal with this problem?”
They also had the opportunity to be part of a one-day writing boot camp with the judges.
This year’s grants total N41 million, an 82% increase compared to the N22.5 million grant awarded last year, following the Foundation’s expansion of the number of winners from three to five as well as an increase in the value of each award.
All the 20 finalists also received several consolation prizes, including modern laptops to aid with their homework and research work. Their UBA accounts were also funded with N20,000 each as a token of appreciation from the bank’s Group Managing Director, Oliver Alawuba.
Speaking at the event, UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, told the 20 finalists that they were all winners and urged them to see their selection as proof of what hard work and curiosity can achieve.
“You were selected from more than 15,000 students, and you earned this place through your hard work, your curiosity and your determination. We do this because we believe in the future of this continent, and the best investment we can make in that future is in our youth,” Alawuba said. “This is corporate social responsibility, but it goes beyond that. UBA is more than a bank; it is an institution that plays a great role in the future of Africa. How can we say the future is Africa if our young people are not the ones driving it?”
Alawuba explained that the higher grants were a response to rising costs. “As inflation increases and it becomes more difficult to see a child through school, we have raised the amounts to make sure these students get to school. For us, that is important,” he said.
Alawuba also noted that the Foundation would consider writing workshops for participating schools as the competition grows, to build competence, confidence and critical thinking among students.
The Managing Director/Chief Executive Officer, UBA Foundation, Bola Atta, who thanked parents, teachers and the judges for their support, described education as the surest investment in Africa’s future.
“Over 16 editions, we have watched our finalists go on to excel in universities and careers across the world, and that is the impact we set out to achieve,” Atta said. “So far we have spent over N3bn on this competition in the past 16 years and increasing the number of winners and the value of the grants means more young people can now pursue a university education without the burden of cost. We will keep strengthening the competition so that it continues to reward original thinking.”
The UBA Foundation is the corporate social responsibility arm of UBA. The National Essay Competition, which began in Nigeria in 2011, now runs in other African countries where the Bank operates, alongside the Foundation’s work in education, healthcare, economic empowerment and environmental sustainability.
Personality in Focus
Technology Consumption: How Nigerian Engineers Could Shape the Future of Chip Design
Africa’s participation in the global technology industry should go beyond using digital products and services.
African engineers also have an opportunity to contribute to the technologies themselves, including the semiconductors that power smartphones, computers, vehicles and artificial intelligence. Nigerian semiconductor technology company ChipMango is working to develop this capability by connecting engineering education with practical chip-design and verification projects.
Through its investment in African venture capital funds, the European Investment Bank (EIB), under the Boost Africa initiative, is helping strengthen the ecosystem that supports innovative businesses like ChipMango. Boost Africa is a joint initiative of the EIB and African Development Bank, supported by the European Union.
Watch the video to discover ChipMango’s story and the opportunities it is helping create.
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