Mahmoud Lai Alabi

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Biographical Information

"Mahmoud Lai Alabi, graduated with a First Class Honors degree in Economics from University of Lagos in 1975 and a Masters degree in Economics from Yale University, USA in 1979.

"He started his career as a lecturer in the Department of Economics between 1979 and 1982, and thereafter joined NAL Merchant Bank Plc as a Deputy Manager in 1982.

"He left NAL in 1985 as a Senior Manager in charge of Strategy and Planning, and between 1988 and 1995, he was First Bank of Nigeria Plc where he became Head of Finance & Planning as Deputy General Manager.

"Mr. Alabi became the pioneer Managing Director of Kakawa Discount House Limited in 1995, a position he occupied before joining Union Bank of Nigeria Plc in 1999 as an Executive Director in charge of Commercial Banking and later of Corporate & International Banking. He retired from the services of Union Bank in March 2006.

"He was the Managing Director & Chief Executive of Research & Data Services Limited in July 2006, and in June 2008, the Central Bank of Nigeria appointed him the Interim Chairman of First Inland Bank Plc.

"In September 2008, he was appointed Acting Managing Director & Chief Executive of Wema Bank Plc also by the Central Bank of Nigeria.

"Mahmoud Lai Alabi has served on the boards of various companies including Kwara Industrial Trust Fund Limited, First Trustees Nigeria Limited, Union Merchant Bank Limited, Union Trustees Limited, Union Homes Savings & Loans Plc, Union Bank UK Plc and as Chairman of Shonga Farm Holdings Nigeria Limited.

"He was appointed Group Managing Director of Intercontinental Bank in 2009 by the Central Bank of Nigeria."[1]

Resources and articles

Related Sourcewatch


  1. Mahmoud Lai Alabi, intercontinentalhomes, accessed November 27, 2011.
  2. People, African Finance Corporation, accessed November 27, 2011.