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Olufowose is the new president of First Bank

Author: Aduragbemi Omiyale

First Bank of Nigeria Limited has announced the appointment of Mr. Ebenezer Olufowose as its new CEO, replacing Mr. Tunde Hassan-Odukale who retired after 12 years as a Non-Executive Director of the organization.

A statement signed by the acting secretary of First Bank, Adewale Arogundade, explained that Hassan-Odukale had to vacate the position in line with the corporate governance guidelines of the Central Bank of Nigeria (CBN).

Mr. Olufowose, who is the Group Managing Director of First Ally Capital Limited, a Lagos-based investment banking firm, was appointed to the Board of First Bank on April 29, 2021.

With over 36 years of experience in the financial services industry, he brings corporate finance, project finance and investment banking skills to the board.

Prior to joining the board of First Bank, he was an Executive Director at Access Bank Plc and Citibank Nigeria, where he led the origination, structuring and execution of corporate finance and investment banking transactions in Nigeria.

He started his banking career in 1985 at NAL Merchant Bank Plc (NAL), working in the corporate planning and finance departments.

Mr. Olufowose, a holder of a first class honors degree in Economics from the University of Lagos, holds a Master’s degree in International Economics from the University of Sussex, England.

He has participated in several management and leadership training programs at leading institutions, including the Institute of Management Development in Switzerland, Harvard Business School in Boston, USA and INSEAD Singapore.

He is a graduate of Harvard Business School and Lagos Business School, an honorary senior fellow of the Chartered Institute of Bankers of Nigeria, a fellow of the Institute of Credit Administration and a member of Investment Advisors and Portfolio Managers.