FBN Holdings Plc Appoints Mr. Gbenga Shobo as Managing Director Alongside New Executive Directors

People
1655 VIEWS
Proshare - Facebook Proshare - Twitter Proshare - Linked In Proshare - WhatsApp
Proshare

Thursday, April  29, 2021 12:40PM / NGX/ Header Image Credit: Ecographics


In accordance with the Nigerian Exchange Limited (NGX) Rule Book, we hereby notify the NGX and the investing public of the appointment of Mr. Gbenga Shobo as the Managing Director/CEO of our flagship subsidiary, First Bank of Nigeria Limited (FirstBank), effective today, Wednesday, April 28, 2021.

 

Prior to the appointment, Shobo was FirstBank's Deputy Managing Director. In line with FirstBank's succession plan, Shobo succeeds Dr. Adesola Adeduntan, who is retiring after successfully leading the Bank since January 2016.

 

Also appointed were Mr. Abdullahi Ibrahim as Deputy Managing Director; Mr. Ini Ebong, Mr. Segun Alebiosu, Mr. Seyi Oyefeso and Mrs. Bashirat Odunewu as Executive Directors.

 

These appointments are subject to regulatory approvals.

 

Profile of Appointees

 

i. Mr. Gbenga Shobo

 

Gbenga Shobo was the Deputy Managing Director of First Bank of Nigeria Limited, He joined the Board of the Bank in 2012. Prior to his appointment as Deputy, Managing Director, he was the Executive Director overseeing the retail banking / public sector businesses in the Lagos and West Directorate and was the Executive, Director overseeing the retail business in the South Directorate. Gbenga began his professional career with Coopers & Lybrand (now PwC) as an external auditor and tax consultant. Over the course of his outstanding career, he became the Divisional Head, Corporate Banking division of MBC International Bank Limited and subsequently, the General Manager, Corporate/Commercial Banking of FBN (Merchant Bankers) Limited before joining FirstBank in 2006.

 

At FirstBank, he has served in senior management roles at various times as the General Manager overseeing the Products and Channels group, Business Development Manager in charge of Rivers and Bayelsa States the Group Head of National Corporates. Gbenga has also served in other strategic roles, including Executive Compliance Officer of the Bank between 2016 and 2018 and Acting Chief Financial Officer between March and June 2014. He was the Bank's Project Sponsor during its major transition to a new operating structure in 2010.

 

Through his contributions, the Bank has been at the forefront of establishing digital products in the Nigerian market and the successful introduction of Agency Banking, which has further helped to improve financial inclusion in the country. Gbenga has played transformative roles in building a leading retail banking business in the Bank and has received several awards, including the prestigious 'Best Retail Banker of the Year in West Africa' awarded by The Asian Bankers in 2019. Under his supervision, the Bank also won significant awards in 2019, which include the 'Best Financial Inclusion Programme in Nigeria' award given by International Investors, 'Best Mobile App in Nigeria' awarded by Global Business Outlook and 'Best Private Bank in Nigeria' from World Finance Magazine, among others.

 

He has over 34 years' work experience from reputable organisations, from which he has garnered more than 30 years in the banking industry, spanning credit and relationship management, product development and improvement, product sales and banking operations, treasury and compliance, among others. Gbenga is a Fellow of the Institute of Chartered Accountants of Nigeria and an alumnus of the Kellogg School of Management and Harvard Business School, USA. Gbenga holds a BSc degree in Political Science from the University of Ife (now Obafemi Awolowo University). He has also taken various courses and attended several programmes at Ivy League business schools including The Wharton School, University of Pennsylvania, USA and Stanford University, USA.

 

He was the first person to be appointed to the position of Deputy Managing Director of FirstBank in the Bank's history, a testament to his commitment and professionalism. Gbenga is married with children and enjoys reading, playing golt and lawn tennis.

 

ii. Mr. Abdullahi Ibrahim 

Abdullahi Ibrahim was the Executive Director, Public Sector. He was appointed to the Board of First Bank of Nigeria Limited as Executive Director, Retail Banking North in April 2017, and in January 2018, he was re-assigned to the Public Sector Directorate.

 

Prior to joining the Board of Directors of the Bank, he was the Group Executive in charge of Retail Banking North. He had also served as Group Executive, Technology and Services. Abdullahi's banking experience spans over 28 years, cutting across wholesale banking, commercial and retail banking, and banking operations.

 

He is a Non-Executive Director on the Board of FBNBank Guinea as well as the chairman of the Bank's Board Credit Committee. He is also a member of the Nigerian Economic Summit Finance Committee and was the former Vice Chairman of the Equipment Leasing Association of Nigeria.

 

Before he joined the Bank, he served as an Area Manager and subsequently Group Head, Telecommunications, Information Technology and Transport group in the Corporate Banking Directorate at the then NAL Merchant Bank. He also served at United Bank for Africa as a Senior Manager in Corporate and Consumer Banking. While at FirstBank, he was the first Group Head, Manufacturing group, in the Institutional Banking Directorate. He was a Business Development Manager in theBank with responsibilities across the consumer, retail, commercial and' wholesale banking segments, and was also Group Head, Multinational, Corporate Banking Directorate.

 

Abdullahi is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria, an alumnus of Lagos Business School's Advanced Management Program and is a member of the Institute of Directors, Nigeria. Abdullahi is married with children and enjoys reading, photography and horse-riding.

 

iii. Mr. Ini Ebong 

Ini Ebong was the Group Executive, Treasury and International Banking group, First Bank of Nigeria Limited. Prior to this appointment in January 2016, he was the Bank's Treasurer, a position he has held since 2011. Before joining FirstBank, he was the Head of African Fixed Income and Local Markets Trading, Renaissance Securities Nigeria Limited, the Nigerian registered subsidiary of Renaissance Capital. Ini worked in Citigroup for over 14 years, having joined the Treasury Group, Sales and Trading function and rotated through a wide variety of trading roles across most treasury products, asset and liability management, treasury sales and marketing, and treasury risk management, until he became the Country Treasurer and Sales, and Trading Business Head in June 2003.

 

Ini specialised in the sales and trading function and has extensive in financial services that covers not just trading but also treasury and balance sheet management. He has a passion for market development and has worked actively to drive change and internationalisation of the Nigerian financial markets, particularly in the areas of foreign exchange, fixed income and securities. Ini has worked closely with regulatory bodies such as the CBN and DMO in assisting with the development of fresh monetary and foreign exchange policies to broaden and deepen markets and open them up to international practices.

 

He has facilitated and delivered courses and seminars on a wide variety of subjects at various times covering money markets, securities and foreign exchange trading and market risk management subjects to regulators, corporate customers, banks and market participants. He holds Bachelor and Master of Science degrees in Architecture from the University of Ife (now Obafemi Awolowo University, lle-Ife).

 

iv. Mr. Segun Alebiosu 

Olusegun Alebiosu is the Chief Risk Officer of First Bank of Nigeria Limited. Prior to his appointment in September 2016, he had served as the Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy and Deputy Chief Credit Risk Officer at United Bank for Africa Plc. Olusegun has over 27 years' experience in the banking and financial services industry with cross-functional exposures to credit risk management, financial planning and control, credit and marketing (Branch Banking and Regional Manager), trade, corporate and commercial banking, agriculture financing, oil and gas, transport (including aviation and shipping) and project financing.

 

He began his professional career in 1991 with Oceanic Bank Plc. (now Ecobank Plc.) as Deputy Financial Controller. An alumnus of Harvard Kennedy 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, UK. Olusegun is a member of various professional bodies including a Fellow of the Institute of Chartered Accountants, Associate of Nigeria Institute of Management, Chartered Institute of Bankers of Nigeria and Member of the Nigeria Institute of International Affairs.

 

v. Mr. Oluseyi Oyefeso 

Seyi Oyefeso was the Group Executive, Commercial Banking group. Until his appointment in January 2016, he was the Country Managing Director, FBNBank Ghana Limited. He is a results-oriented management executive with over 28 years of management experience in the banking and financial services industry. He is a multi skilled professional with very robust banking experience coupled with proven problem-solving and strong leadership skills. Seyi is a competent leader and team player and has demonstrated the ability to develop positive business relationships, strong communication and interpersonal skills evidenced by remarkable business growth.

 

A seasoned banker and Chartered Accountant, Seyi started his banking career in January 1993 and has acquired extensive knowledge in product sales and marketing, corporate and commercial banking, retail banking, credit risk management (analysis and administration) and financial control.

 

Seyi joined First Bank of Nigeria Limited in 2006 as Branch Manager of one of the top three branches of the Bank and has held several other positions, including Business Development Manager and Group Head, Retail Banking. In March 2014, he was appointed Group Head, Institutional Banking (Services and Conglomerates). In this position, he brought unparalleled growth in the business of Retail Banking West at FirstBank within one year and made the region majorly profitable for retail banking. A graduate of Accounting and a Fellow of the Institute of Chartered Accountants of Nigeria, Seyi is also an Associate of the Chartered Institute of Taxation in Nigeria. Seyi is married with children.

 

vi. Mrs Bashirat Odunewu 

Bashirat Odunewu is a banking and financial expert with over 29 years in the banking industry. She holds a first degree in Chemistry from the University ofManchester, UK and a Master's in Chemical Technology and Development from the Imperial College, University of London, UK. In addition, she holds a certificate in Business Excellence from the Columbia Business School, New York, USA.

 

She is a member of various reputable professional associations including the Institute of Chartered Accountants of Nigeria, Chartered Institute of Bankers of Nigeria, and the Chartered Institute of Arbitrators (UK), Institute of Directors. Bashirat serves on several Boards of African subsidiary banks of FirstBank and is a member of the Board of Directors for the Franco-Nigeria Chamber of Commerce and Industry, where she serves as the Treasurer.

 

She was the Group Executive, Corporate Banking (Energy and Infrastructure) having previously held the position of Line Executive for the International Banking group and Institutional Banking at FirstBank. Bashirat is actively involved as a mentor and is a leading voice in the efforts to ensure FirstBank continues its move towards gender balance. She chairs the First Women Network, an initiative focused on creating an enabling environment where women can thrive and have fulfilling careers without workplace barriers. Bashirat has a charitable personality and actively participates in the Bank's SPARK Initiative, which encourages employees to participate in worthy charitable causes.

 

Visit FBN Holdings Plc IR Page in Proshare MARKETS

Graph - One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.


 Proshare Nigeria Pvt. Ltd. 

 

Related News - NPLs and Banks

  1. NPL and Bad Debtors - The Case for a New Industry Approach - Download the Full PDF Report - Debtors Africa, May 13, 2020
  2. NPL and Bad Debtors - The Case for a New Industry Approach - Executive Summary PDF - Proshare, May 14, 2020
  3. AMCON and Financial Services Debt Burden in Nigeria - Aug 17, 2018
  4. Bank NPLs (25) - The Customer's Options in a New Debt Order
  5. Bank NPLs (24) - Handling Bad, Delinquent and Recalcitrant Debtors via DiMR
  6. Bank NPLs (23) - The Case for a New Approach
  7. Bank NPLs (22) - Benchmarking Best Practice and International Debtors List
  8. Bank NPLs (21) - The Role and Place of Credit Bureaus and Rating Agencies in Recovery Efforts
  9. Bank NPLs (20) - A New Cottage Industry Emerges - Debt Factors and Loan Purchase Firms
  10. Bank NPLs (19) - Issues Around Nigerian Bank Debtors List
  11. Bank NPLs (18) - Understanding The Impact Of IFRS 9 On Selected Nigerian Banks
  12. Bank NPLs (17) - IFRS and Accounting Standards
  13. Bank NPLs (16) - The Place of Arbitration, Resolution or Debt Management
  14. Bank NPLs (15) - AMCON and Its Role in Debt Recovery
  15. Bank NPLs (14) - Regulatory Guidance, Conduct and Enablers
  16. Bank NPLs (13) - Impact on Growth of the Credit Market
  17. Bank NPLs (12) - Impact of NPLs on Income Trends
  18. Bank NPLs (11) - Technical Analysis on Banks' NPLs - LDR
  19. Bank NPLs (10) - Technical Analysis on Banks' NPLs - Leverage Ratio
  20. Bank NPLs (9) - Technical Analysis on Banks' NPLs - Liquidity Ratio
  21. Bank NPLs (8) - Technical Analysis on Banks' NPLs - NPL Ratio
  22. Bank NPLs (7) - Technical Analysis on Banks' NPLs - Profitability
  23. Debtors Africa: AMCON; Chike-Obi's Alternative View
  24. Bank NPLs (6) - Technical Analysis on Banks' NPLs - Gross Earnings
  25. Bank NPLs (5) - How Banks Fared In 2018; Holding Up Against IFRS9 Tropical Winds
  26. Bank NPLs (4) - A Short History of Recovery Efforts - A Time Series Analysis
  27. Bank NPLs (3) - The State of NPLs
  28. Debtors Africa Launches Searchable Digital Database of Recalcitrant and Delinquent Debtors
  29. Value of Downgraded Sovereign Debt Not as High as Previous Crises
  30. Bank NPLs (2) - The Banking Industry and Its NPL Position
  31. Bank NPLs (DR 1) - The Case for a New Industry Approach


Proshare Nigeria Pvt. Ltd. 


Related News

  1. CBN Removes Boards of First Bank of Nigeria, FBN Holdings; Appoints New Chairmen
  2. PDF: CBN Scope, Conditions And Minimum Standards For Commercial Banks Regulations NO. 01, 2010
  3. PDF: Guidelines For Licensing And Regulation Of Financial Holding Companies In Nigeria
  4. PDF: CBN Governor's Statement on the Purported Management Change at the First Bank of Nigeria Ltd
  5. FBNH Appoints Mr. Gbenga Shobo as Managing Director Alongside New Executive Directors
  6. FirstBank's New Board Appointments, CBN Reacts
  7. FBN's Change of Guards; Adeduntan Passes Baton to Shobo
  8. FBNH Announces The Appointment of Alhaji Yakubu Wanka As A Non-Executive Director Of First Bank
  9. Firstbank CEO, Dr. Adesola Adeduntan, Becomes A Member of Bretton Woods Committee
  10. FirstBank Appoints Mrs. Oluwande Muoyo as a Non-Executive Director
  11. FBNH Announces the Resignation of Mrs. Oluwande Muoyo As An Independent Non-Executive Director
  12. Adesola Adeduntan, CEO, Firstbank - How to Do Well by Doing Good
  13. FirstBank's Adesola Adeduntan Bags 'Best Chief Executive Officer' Award
  14. FBNH Appoints Mr. Muhammad K. Ahmad as Non-Executive Director
  15. FBNH Appoints Omatseyin Akene and Bosede Adebola as Directors
  16. FBNH Appoints Dr Hamzat Sule as Independent Non-Executive Director
  17. FBNHoldings Appoints Ariyibi to FBNQuest Capital, Borodo to FBNQuest Trustees Boards
  18. First Bank strengthens Board, appoints Bayo Adelabu as Executive Director


Proshare Nigeria Pvt. Ltd. 


Related News - First Bank

  1. FirstBank Launches a New Corporate Website, Reiterates its Commitment to Service Delivery Excellence
  2. FirstBank CEO Lists Technology, Capacity as Key for Post-COVID-19 Growth
  3. First Bank Promotes Diaspora Remittances, Rewards Customers with Extra N5 for Every Dollar Received
  4. First Bank Supports Schools with Array of Exciting Educational Solutions
  5. First Bank Deepens Financial Inclusion with Largest Agent Banking Network, Empowers SMEs
  6. S and P Global Ratings Affirmed First Bank of Nigeria Ltd Ratings, Outlook Stable
  7. First Bank Promotes Career Development of Staff, Graduates Third Set of its SMDP Participants
  8. Moody's Announces Completion of a Periodic Review of Ratings of First Bank of Nigeria
  9. First Bank Convenes SME Week, Reinforces its Support to the Engine of the Economy
  10. First Bank: Still Standing Gidigba 125 Years After
  11. First Bank Holds 125km Walk to Mark 125th Anniversary
  12. First Bank's Kicks Off 125th Anniversary Celebration With an Official Hosting of its Ceremonial Flag

 

Proshare Nigeria Pvt. Ltd. 


Related News - FBN Holdings Plc

  1. FBNH Declares N89.7bn PAT in 2020 Audited Results, Proposes 45K Final Dividend; (SP:N7.25k)
  2. FBNH Declares N65.9bn PAT in Q4 2020 Results, (SP:N7.60k)
  3. FBNH Releases its 2019 Sustainability Report
  4. FBNHoldings Group Wins Big at the 2020 Great Place to Work Awards
  5. FBNH Announces the Issuance of Unsecured Notes With 5-Year Maturity
  6. FBNH 2020 H1 Result: Profit Up 14.3% Y-o-Y, But Growth Strategy Still Vulnerable
  7. FBNH Injects N25bn Into First Bank
  8. FBNH Reacts to Online Publication On Merger Talks Involving First Bank
  9. FBNH Declares N49.5bn PAT in Q2 2020 Results, (SP:N5.00k)
  10. Fitch Affirms FBN Holdings Plc at 'B-'; off RWN; Outlook Negative
READ MORE:
Related News
SCROLL TO TOP