First HoldCo Plc has announced the appointment of Dr. Julius B. Omodayo-Owotuga as Executive Director of First Bank of Nigeria Limited, effective May 13, 2026.
The appointment, which has received approval from the Central Bank of Nigeria, is aimed at strengthening the bank’s leadership capacity in strategic finance, governance, risk management, and institutional transformation.
In a notification to the Nigerian Exchange Limited (NGX) and the investing public, the company said Dr. Omodayo-Owotuga brings over 24 years of experience across banking and financial services, infrastructure finance, power, oil and gas, as well as audit and consulting.
Before his new role, he served as a Non-Executive Director on the Board of First HoldCo Plc from 2021 to 2026.
He most recently held the position of Deputy Chief Executive Officer at Geregu Power Plc, where he played a key role in governance reforms, institutional transformation, operational optimisation, and the company’s landmark listing on the NGX.
Dr. Omodayo-Owotuga also previously served as Group Executive Director, Finance and Risk Management at Ardova Plc, where he led several strategic restructuring and capital-raising initiatives that enhanced shareholder value.
His career experience spans notable institutions including Africa Finance Corporation, Standard Chartered Bank, KPMG Professional Services, and First Bank Nigeria Limited.
A CFA Charter Holder and KPMG-trained accountant, Dr. Omodayo-Owotuga is a Fellow of the Institute of Chartered Accountants of Nigeria, the Chartered Institute of Taxation of Nigeria, and the Institute of Credit Administration.
He holds a Doctorate in Business Administration, an MBA, and a Bachelor’s degree in Accounting, and is an alumnus of University of Oxford’s Saïd Business School, IE Business School, Geneva Business School, and University of Lagos.
The Group Company Secretary of First HoldCo Plc, Abiola Baruwa, signed the announcement on behalf of the company.