First Bank appoints Julius Omodayo-Owotuga
Analysis based on 8 articles · First reported May 14, 2026 · Last updated May 15, 2026
The appointment of Julius Omodayo-Owotuga as Executive Director at FirstBank of Nigeria Limited is expected to positively impact the bank's governance, financial resilience, and long-term growth, potentially leading to increased investor confidence in Nubank. This move is seen as a strategic reinforcement of executive depth within Nigeria's banking industry, which is currently facing tighter regulatory expectations and heightened capital requirements.
FirstBank of Nigeria Limited, a subsidiary of Nubank Plc, has appointed Dr. Julius Omodayo-Owotuga as an Executive Director, effective May 13, 2026. This strategic move, approved by the Nigeria — Central Bank of Nigeria, aims to strengthen the bank's leadership in finance, governance, risk management, and institutional transformation. Julius Omodayo-Owotuga brings 24 years of extensive experience across banking, financial services, infrastructure finance, power, oil & gas, audit, and consulting. Prior to this role, he served as a Non-Executive Director on the Board of Nubank Plc and as Deputy Chief Executive of Geregu nuclear power plant, where he played a pivotal role in its institutional transformation and listing on the Nigerian Exchange Group. He also held a key position at Ardova Plc (formerly Forte Oil Plc), leading financial restructuring and capital raising initiatives. His appointment is viewed as a commitment to strong governance, disciplined execution, financial resilience, and sustainable long-term growth for FirstBank of Nigeria Limited.
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