Insider Dealing: First Bank’s Chief Risk Officer Acquires 1.36 Million Shares

The management of First Bank of Nigeria Plc on Wednesday disclosed that Olusegun Alebiosu, the Chief Risk Officer (Group Executive) of the Company, purchased 1,360,514 shares in accordance with the Nigerian Stock Exchange policy on insider dealing.

This was issued in a statement signed by the Company Secretary, Seye Kosoko released through the Nigerian Stock Exchange. According to the lender, the transaction took place on the Nigerian Stock Exchange floor, September 24, 2020.

A break down of the purchases showed Olusegun Alebiosu purchased:

  • 42,979 Shares at N5.15
  • 1,317,535 Shares at N4.95
Insider Dealing Brandspurng First Bank's Chief Risk Officer Acquires 1.36 Million Shares
Source: NSE

Brief profile – Olusegun Alebiosu:

Prior to this appointment in September 2016, he had served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc

He commenced his professional career in 1991 with Oceanic Bank Plc. (now Eco Bank Plc.) as Deputy Financial Controller. An alumnus of Harvard School of Government, Olusegun holds a Bachelor’s Degree in Industrial Relations and Personnel Management and a Master’s Degree in International Law and Diplomacy from the University of Lagos.

He also holds a Master’s Degree in Developmental Studies from the London School of Economics and Political Science. He is a member of various professional bodies including Associate of Institute of Chartered Accountants (ACA), Associate of Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of International Affairs.