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Sterling Bank Limited is making changes to its Board of Directors. Mr. Olatunji Mayaki will be the new Chairman starting January 1, 2024, after Mr. Asue Ighodalo’s resignation on December 31, 2023. This move is in line with good corporate governance practices, as Mr. Ighodalo is now involved in public service.
According to the bank’s Company Secretary, Temitayo Adegoke, Mr. Mayaki will lead the Board to continue the bank’s growth. Mr. Mayaki, who was previously a non-executive director, has a strong background in law, finance, and investment. He has experience with reputable organizations, including Shell Petroleum and Addax Petroleum Nigeria.
Sterling Bank has been focusing on innovation and digitization, introducing various products tailored to the Nigerian market. The bank is also collaborating with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to support SMEs with low-interest loans.
Known for its HEART of Sterling strategy, focusing on health, education, agriculture, renewable energy, and transportation, the bank has received recognition for being one of the top 100 fastest-growing companies in Africa. Sterling Bank has consistently been acknowledged as a Great Place to Work in Nigeria and was named the Overall Best Place to Work in Nigeria earlier this year.
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