First Bank of Nigeria Limited has named Dr Julius Omodayo-Owotuga as its new Executive Director, with the appointment taking effect from May 13, 2026. The development marks a significant addition to the bank’s senior leadership team as it continues to strengthen its operational and governance framework.
The announcement was made through an official disclosure to the Nigerian Exchange Limited, signed by the company secretary, Abiola Baruwa, on behalf of First HoldCo Plc. The appointment has also received regulatory approval from the Central Bank of Nigeria.
Dr Omodayo-Owotuga is expected to play a key role in advancing the bank’s strategic priorities, particularly in areas such as financial management, risk oversight, corporate governance and institutional transformation.
Brandspur Banking News Desk reports that the newly appointed executive brings over two decades of professional experience across banking, infrastructure finance, energy, and consulting. His career spans critical sectors including power, oil and gas, as well as audit and advisory services.
Before joining First Bank in this capacity, he served as Deputy Chief Executive Officer of Geregu Power Plc, where he contributed to corporate restructuring and played a pivotal role in the company’s listing on the Nigerian Exchange. He also previously held the position of Group Executive Director for Finance and Risk Management at Ardova Plc, where he led key financial restructuring and capital mobilisation initiatives.
His professional journey includes roles at Africa Finance Corporation, Standard Chartered Bank, KPMG Professional Services, and MBC International Bank, where he gained extensive experience in financial strategy and risk management.
Dr Omodayo-Owotuga is a Chartered Financial Analyst and holds fellowships with multiple professional bodies, including the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria. He also holds a doctorate in Business Administration, alongside an MBA and a degree in Accounting, with executive education from globally recognised institutions such as the University of Oxford and IE Business School.
