First Bank of Nigeria Limited has appointed Dr Julius Omodayo-Owotuga as an Executive Director, effective May 13, 2026.
The appointment was disclosed in a notice filed with the Nigerian Exchange Limited and made available to investors on Thursday.
The company secretary, Abiola Baruwa, signed the notice on behalf of First HoldCo Plc.
According to the notice, Omodayo-Owotuga will strengthen the bank’s leadership across strategic finance, governance, risk management and institutional transformation.
The appointment was approved by the Central Bank of Nigeria.
“Dr. Julius B. Omodayo-Owotuga brings twenty-four (24) years of experience spanning banking and financial services, infrastructure finance, power, oil & gas, and audit and consulting.
“His appointment reflects the Bank’s continued commitment to strong governance, disciplined execution, financial resilience, and sustainable long-term growth.
“Prior to this appointment, he served on the Board of First HoldCo Plc as a Non-Executive Director,
between 2021 and 2026,” the statement read.
Before his appointment, he served as Deputy Chief Executive of Geregu Power Plc, where he was involved in governance restructuring, capital market positioning and operational optimisation, including the company’s listing on the Nigerian Exchange.
He previously served as Group Executive Director for Finance and Risk Management at Forte Oil Plc (now Ardova Plc), where he led financial restructuring, capital raising and enterprise risk management initiatives.
He also worked at Africa Finance Corporation, Standard Chartered Bank, KPMG Professional Services and MBC International Bank.
Omodayo-Owotuga is a CFA charter holder and 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 several global institutions including the University of Oxford and IE Business School.
