First Bank of Nigeria Limited, a subsidiary of First HoldCo Plc, has appointed Julius Omodayo-Owotuga as an Executive Director of the bank, effective 13 May.
The appointment was disclosed in a statement posted on NGX Group and signed by the Group’s company secretary, Abiola Baruwa.
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The appointment followed Mr Omodayo-Owotuga’s resignation as a Non-Executive Director at First HoldCo Plc on 7 May.
Speaking on the appointment, the company said Mr Omodayo-Owotuga will further strengthen the bank’s leadership capacity across strategic finance, governance, risk management, and institutional transformation.
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“This is to notify Nigerian Exchange Limited (“NGX”) and the investing public that First Bank of Nigeria Limited, a subsidiary of First HoldCo Plc (the Company), has appointed Dr. Julius B. Omodayo-Owotuga (Dr. JB) as an Executive Director, effective 13 May 2026, further strengthening the Bank’s leadership capacity across strategic finance, governance, risk management, and institutional transformation,” the statement read.
According to the group, Mr Omodayo-Owotuga’s appointment reflects the First Bank’s continued commitment to strong governance, disciplined execution, financial resilience, and sustainable long-term growth.
This appointment has been approved by the Central Bank of Nigeria (CBN).
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The new executive director brings twenty-four years of experience spanning banking and financial services, infrastructure finance, power, oil and gas, and audit and consulting to his new role.
Before this appointment, he served on the board of First HoldCo Plc as a non-executive director between 2021 and 2026.
He recently served as Deputy Chief Executive of Geregu Power Plc, Nigeria’s first listed power generation company, where he played a pivotal role in institutional transformation, governance strengthening, capital market positioning, operational optimisation, and major financing initiatives, including the company’s landmark listing on NGX.
Mr Omodayo-Owotuga previously served as Group Executive Director, Finance and Risk Management at Ardova Plc, formerly Forte Oil Plc, where he was instrumental in the company’s financial and operational transformation, leading strategic restructuring, capital raising, treasury optimisation, enterprise risk management, and governance improvement initiatives that strengthened long-term shareholder value.
His professional career also includes roles at Africa Finance Corporation, Standard Chartered Bank, KPMG Professional Services, and MBC International Bank (now First Bank Nigeria Limited), providing him with deep experience in institutional finance, treasury management, financial controls, regulatory engagement, and corporate advisory.
READ ALSO: First Bank unveils Nigeria Economic Outlook 2026, stresses resilience as winning factor for businesses
He is a CFA Charter holder, KPMG-trained accountant, and a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), the Chartered Institute of Taxation of Nigeria (CITN), and the Institute of Credit Administration. He is also a member of the Institute of Directors Nigeria and a Certified Management Accountant.
Mr Omodayo-Owotuga holds a doctorate in Business Administration, a Master’s in Business Administration, and a bachelor’s degree in Accounting. He is an alumnus of Saïd Business School, University of Oxford; IE Business School; Geneva Business School; and the University of Lagos.
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