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FirstBank appoints Olusegun Alebiosu as new MD/CEO

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First Bank of Nigeria has appointed Mr. Olusegun Alebiosu as its acting managing director.

Alebiosu has been the bank’s executive director/chief risk officer since 2022.

He has been in the bank for nearly three decades, with expertise in credit marketing, trade, corporate and commercial banking, and credit risk management among others.

Alebiosu takes the crown from Adesola Adeduntan, who gave up the role abruptly on Saturday even though he was due to complete his tenure in December.

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The decision to appoint Alebiosu was reached on Sunday after a Saturday board meeting of the bank could not resolve the controversy surrounding Mr Adeduntan’s resignation.

Alebiosu has core competence also in oil & gas, project financing, agriculture, shipping and aviation.

He completed his Bachelors in Industrial Relations and Personnel Management at the University of Lagos in 1990 after which he obtained a Masters in International Law and Diplomacy from the institution in 1997.

The new CEO started as a graduate at the defunct Oceanic Bank in 1991.

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From 2006 to 2011, he served as the group head of credit policy and product programmes at the United Bank for Africa. He would later fill the role of chief credit risk officer at the continental development finance institution, African Development Bank, in 2011.

At Coronation Merchant Bank Limited, where he served until 2015, he similarly led the company’s risk management unit.

An alumnus of Harvard Kennedy School of Governance, Mr Alebiosu also holds a Master of Science degree in Development Studies from the London School of Economics.

He has been a chartered accountant for over two decades and now enjoys the status of fellow of the Institute of Chartered Accountants of Nigeria. He is an associate of the Nigeria Institute of Management, a member of the Chartered Institute of Bankers of Nigeria and a member of the Nigeria Institute of International Affairs.

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NECO accredits more foreign schools for SSCE, BECE

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The National Examinations Council (NECO) has given accreditation to more foreign schools to write the Senior School Certificate Examination (SSCE) and the Basic Education Certificate Examination (BECE).

The Acting Director, Information and Public Relations, Mr. Azeez Sani, disclosed this in a statement.

The newly accredited schools are in Niger Republic and Equatorial Guinea.

“NECO Accreditation Team visited the Schools to assess their readiness to write the SSCE and BECE.

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“The Accreditation Team inspected classrooms, laboratories, libraries, computer laboratories, workshops, examination halls and sport facilities to determine their adequacy and suitability for NECO Examinations.

“After a thorough evaluation and comprehensive assessment, the schools were granted full SSCE and full BECE accreditation status,” the statement said.

The statement added that the accreditation of additional foreign schools is a testament to NECO’s commitment to providing quality education and assessment beyond the shores of Nigeria.

“With its expanding global presence, NECO is poised to become a leading examination body in Africa, offering opportunities for students worldwide to benefits from its expertise, thus contributing to the advancement of education in Africa and beyond.”

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In another development, the statement disclosed that candidates are participating in the on-going NECO SSCE External in Diffa, Niger Republic.

“The UNHCR School, Diffa, Niger Republic is the first NECO SSCE External Centre outside Nigeria.”

NECO examinations are now written by candidates in Benin Republic, Togo, Cote’ d’Ivoire, Niger Republic, Equatorial Guinea and Saudi Arabia.

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Guardiola suffers worst defeat of career as Tottenham hammer Man City 4-0

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Manchester City manager, Pep Guardiola, suffered the worst defeat of his managerial career as they lost 4-0 to Tottenham Hotspur on Saturday night.

The Premier League champions were already on a run of four consecutive defeats ahead of the visit of the North London side.

James Maddison scored twice in the first half to set Spurs on their way to a sensational win.

Pedro Porro drilled in a third, before Brennan Johnson got on the scoresheet late in the game.

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The result leaves City in second place with 23 points. They could go eight points behind Liverpool by the end of this Game Week.

Guardiola takes his men to Anfield next weekend.

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FUOYE Re-Marks Exam Papers of Student Failed By Lecturer Over Sex-for-Grade Scandal, Secures Justice

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The Federal University, Oye Ekiti, Ekiti State, has cleared a female student, Ramota Olahanloye, to graduate following the re-marking of her final-year examination scripts.

Olahanloye had alleged that a lecturer, Dr. Anthony Agbegbedia, demanded sexual favours from her, and when she declined, he deliberately failed her in two final-year courses.

In a statement issued on Friday by the Special Adviser on Media to the Vice-Chancellor, Dr. Wole Balogun, the university confirmed that Olahanloye’s allegations were investigated, and her scripts were re-marked.

“The young lady’s scripts were re-marked, and she performed fairly better than the scores initially awarded by Dr. Anthony Agbegbedia,” the statement read.

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According to Balogun, the university management approved Olahanloye’s revised results, which qualified her for graduation.

“The university management has given executive approval for her results to be processed. She has since commenced her final clearance from relevant units of the university,” the statement added.

Balogun also disclosed that Agbegbedia had been sanctioned by the institution for his misconduct.

Olahanloye expressed her joy over the resolution of the case, saying, “I am happy that I have gotten justice, and I really appreciate the university Vice-Chancellor for setting up the committee that investigated the matter.

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“I was shown my entire results, including the graduation list with my name on it. I have started my clearance as a graduating student of the university, and I am truly happy.”

Her father, Rasaki Olahanloye, also lauded the university for its commitment to justice.

“I can confirm to the world that FUOYE has served justice to my daughter. I was shown her upgraded results after her scripts were re-marked, and it is clear that she passed.

“The university fulfilled its promise to ensure fairness, and I appreciate the VC, Prof. Sunday Fasina, and the committee members for ensuring my daughter gets justice,” he said.

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