Chairman of First Bank Nigeria Ebenezer Olufowose Appointed

Ebenezer Olufowose has been appointed as the Chairman of First Bank Nigeria. He brings a wealth of experience to the role.

First Bank Nigeria is one of the largest banks in Nigeria, with a long history dating back to 1894. It has a strong presence across the country with over 700 branches.

Ebenezer Olufowose's appointment is a significant development for the bank, as he is expected to lead the bank's strategic direction and growth. His leadership will be crucial in driving the bank's vision forward.

Ebenezer Olufowose has been appointed as the new Chairman of First Bank of Nigeria Limited, replacing Tunde Hassan-Odukale who retired after 12 years.

He brings over 36 years of experience in the financial services industry, with skills from Corporate Finance, Project Finance, and Investment Banking.

Olufowose was appointed to the board of First Bank on April 29, 2021, and is the Group Managing Director of First Ally Capital Limited, an investment banking firm based in Lagos.

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He holds a first-class honors degree in Economics from the University of Lagos and an MA in International Economics from the University of Sussex, England.

Olufowose is an Alumnus of the Harvard Business School and the Lagos Business School, and has attended several management and leadership training programs.

He is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria, a Fellow of the Institute of Credit Administration, and a Fellow of the Association of Investment Advisers and Portfolio Managers.

Olufowose has served on the board of First Bank and has been a member of the nominations, governance, and remuneration committee, and the board finance, audit, and risk committee.

He will lead the bank in its future endeavors, bringing his wealth of experience and expertise to the role.

The appointment of Olufowose as Chairman of First Bank is a significant development in the banking industry, and he is expected to make a positive impact on the bank's operations.

First Bank has expressed its gratitude to Hassan-Odukale for his service and wishes him well in his retirement.

The bank has also announced the appointment of two new independent non-executive directors, Mrs Olusola Oworu and Mrs Bola Adesola, who will join the board on February 1, 2025, subject to shareholder approval.