Ebenezer Olufowose


Mr Ebenezer Olufowose assumed office as Chairman of the Board of Directors of First Bank of Nigeria Limited (FirstBank Nigeria) on 9th May, 2024. Prior to his appointment as Chairman of the Board, he was Chairman of the Board Credit Committee, and Board Governance & Remuneration Committee of the Bank. He was appointed to the Board of FirstBank Nigeria on 29 April 2021.

A Co-Founder and Group Managing Director/CEO of First Ally Capital Limited, an investment banking firm based in Lagos, Mr Olufowose brings strong Governance and Leadership skills garnered over four decades in the banking and financial services industry to the FirstBank Board. Before setting up First Ally Capital, he was Executive Director at Access Bank Plc, and Citibank Nigeria where he led Citigroup’s origination, structuring and execution of corporate finance and investment banking transactions in Nigeria. He started his banking career in 1985 at NAL Merchant Bank Plc (NAL) and held other strategic positions in First City Monument Bank (FCMB) and Guaranty Trust Bank Plc (GTBank).

A first-class honors degree holder in Economics from the University of Lagos, Ebenezer holds a masters degree in International Economics from the University of Sussex, Brighton England, where he studied as a Sir Adam Thomson/British Caledonian Airways Scholar. He has attended several management and leadership training programs at leading executive development institutions, including the Institute of Management Development (IMD), Lausanne Switzerland, Harvard Business School, Boston USA, INSEAD Singapore and Kellogg School of Management, Evanston, Illinois USA. He is an Alumnus of the Harvard Business School and the Lagos Business School and an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria, Fellow of the Institute of Credit Administration and Fellow of the Association of Investment Advisers & Portfolio Managers. He is happily married with children.