FirstBank Appoints Julius B. Omodayo-Owotuga as Executive Director: Meet the Finance Veteran Behind the Role

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First Bank of Nigeria has appointed Dr. Julius B. Omodayo-Owotuga as Executive Director, adding one of Nigeria’s most experienced finance and risk executives to the leadership team of the country’s oldest bank.

The appointment, which received regulatory approval, marks a significant addition to FirstBank’s executive bench as the institution continues to strengthen governance, deepen operational efficiency and pursue long-term growth across Nigeria and international markets.

Omodayo-Owotuga, widely known in corporate circles as JB, brings more than 24 years of experience spanning banking, audit, energy, infrastructure and power. His career has been defined by leadership roles in finance, treasury, enterprise risk management, capital raising and corporate transformation.

Why the Appointment Matters

FirstBank is in the midst of an ongoing transformation focused on technology modernization, stronger governance and sustainable expansion. Bringing in an executive with deep expertise in financial controls and strategic restructuring signals the bank’s intention to reinforce these priorities.

With experience across some of Nigeria’s most prominent companies, Omodayo-Owotuga is expected to contribute to strategic decision-making, balance sheet management and enterprise-wide risk oversight.

Who Is Julius B. Omodayo-Owotuga?

Dr. Julius B. Omodayo-Owotuga is a chartered accountant, financial analyst and business executive whose career spans multiple sectors of the Nigerian economy.

He is known for combining technical finance expertise with boardroom experience, having served as both executive and non-executive director in listed companies.

Early Career at KPMG

Omodayo-Owotuga began his professional journey at KPMG Nigeria, where he trained as an accountant and auditor. His years at the global professional services firm provided the foundation for his expertise in audit, internal controls, financial reporting and governance.

Leadership at Ardova Plc

He later joined Ardova Plc, formerly known as Forte Oil Plc, where he served as Group Executive Director, Finance and Risk Management.

During his tenure, he helped lead major financing initiatives, treasury optimization and governance reforms, supporting the company’s strategic repositioning and operational efficiency.

Deputy CEO of Geregu Power

Before his appointment to FirstBank, Omodayo-Owotuga served as Group Executive Director and Deputy Chief Executive Officer of Geregu Power Plc.

At Geregu Power, he oversaw finance, strategy and risk functions, helping guide one of Nigeria’s leading electricity generation companies through a period of growth and increased investor attention.

Service on First HoldCo’s Board

In 2021, he was appointed a Non-Executive Director of First HoldCo Plc, the parent company of FirstBank.

His move from the holding company board into an executive role at the bank reflects the confidence stakeholders have in his leadership and strategic capabilities.

Academic and Professional Qualifications

Omodayo-Owotuga holds an extensive list of academic and professional credentials, including:

• Doctor of Business Administration (DBA)
• Chartered Financial Analyst (CFA)
• Fellow of the Institute of Chartered Accountants of Nigeria (FCA)
• Fellow of the Chartered Institute of Taxation of Nigeria (CITN)
• Certified Management Accountant (CMA)
• Fellow of the Institute of Credit Administration
• Member of the Institute of Directors Nigeria

These qualifications underscore his expertise in finance, governance, taxation and strategic leadership.

What His Appointment Could Mean for FirstBank

Omodayo-Owotuga’s appointment comes at a pivotal period for FirstBank as the lender navigates a rapidly evolving banking environment shaped by digital innovation, regulatory reforms and increasing competition.

His track record in managing large balance sheets, executing capital strategies and strengthening corporate governance could play a central role in supporting the bank’s next phase of growth.

Industry observers say executives with cross-sector experience often bring broader strategic perspectives that help institutions improve resilience and create long-term value.

About FirstBank

Founded in 1894, FirstBank is Nigeria’s oldest commercial bank and one of Africa’s largest financial institutions. The bank serves millions of customers through a vast domestic and international network, including operations in the United Kingdom and across Africa.

Outlook

Julius B. Omodayo-Owotuga’s appointment brings a highly accomplished finance and governance professional into FirstBank’s executive leadership.

With a career that spans audit, energy and financial services, he is well positioned to help steer the bank through its next chapter of transformation and strengthen its standing as one of Africa’s most enduring financial institutions.