Board of Directors

Asue Ighodalo

ASUE IGHODALO

CHAIRMAN

Mr. Asue Ighodalo was appointed a Non-Executive Director of Sterling Bank in May 2014 and subsequently as Chairman in July 2014.

A product of the prestigious King’s College, Lagos, Asue obtained a Bachelor’s of Science Degree (B.Sc) in Economics from the University of Ibadan in 1981; Bachelor of Laws (LL.B) in 1984 from the London School of Economics and Political Science and was called to the Nigerian bar in 1985. He is a Partner at the law firm Banwo & Ighodalo, a leading corporate and commercial law practice in Nigeria, which he founded in partnership in 1991. His core practice areas are corporate finance, capital markets, mergers and acquisitions, banking and securities, foreign investments and divestments, energy and natural resources, privatization and project finance. A member of several professional associations, Asue sits on the Board of several public and private companies.


Rasheed Kolarinwa

RASHEED ADEREMI KOLARINWA

INDEPENDENT DIRECTOR

Mr. Rasheed Kolarinwa was appointed an Independent Director of Sterling Bank in October 2010.

He holds a Bachelor of Arts in Economics from the University of Toronto, Canada as well as an MBA in Finance and International Business from the Schulich School of Business, York University, also in Canada. He is currently the Chairman of Capiflex Management Limited. His banking career started in 1981 with International Merchant Bank Nigeria Limited, after which he moved to Chartered Bank Plc in 1989. He assumed various senior management roles and thereafter moved into Executive positions between 1999 and 2005 as an Executive Director. He served as the Deputy Managing Director of IBTC Chartered Bank Plc (now Stanbic IBTC Bank Plc) from December 2005 to December 2007.


Tamarakare Yekwe

TAMARAKARE YEKWE, MON

INDEPENDENT DIRECTOR

Ms. Tamarakare Yekwe was appointed an Independent Director of Sterling Bank in February 2014. She holds a Bachelor of Laws (LL.B) Degree from the University of Lagos and was called to the Nigerian Bar in 1981. Ms. Yekwe is currently the Principal Partner, 'Kare Yekwe & Co. (Legal Practitioners & Consultants)'. She was a member of the Governing Council, Nigerian Institute of International Affairs (NIIA) and the Presidential Technical Committee on Housing and Urban Development.

She was also the pioneer Attorney General and Commissioner for Justice, Bayelsa State. Ms. Yekwe has served as a Director in various institutions including the Federal Savings Bank of Nigeria, Continental Merchant Bank of Nigeria Plc, International Merchant Bank Plc and the Federal Mortgage Bank of Nigeria.


Omolara Akanji

OMOLARA AKANJI

INDEPENDENT DIRECTOR

Dr. (Mrs.) Omolara Akanji was appointed an Independent Director of Sterling Bank in February 2014.

She holds a B.Sc. in Agricultural Economics from the University of Ibadan, an M.Sc. in Agricultural Economics from the University of Reading, a Diploma in Statistics from the University of Kent, Mathematical Institute, and a Ph.D. Finance from the European-American University, Commonwealth of Dominica. Her early career started with the Central Bank of Nigeria (CBN) in 1978 as an Assistant Economist. She rose through the ranks and retired in December 2007 as Director, Trade and Exchange Department. She also served as a Consultant to the CBN between 2008 and 2011. She is an alumnus of Harvard Kennedy School (HKS) of Monetary Policy and Management.


Olaitan Kajero

OLAITAN KAJERO

NON-EXECUTIVE DIRECTOR

Mr. Olaitan Kajero joined the Board of Directors of Sterling Bank in August 2014. He holds a Bachelors of Science Degree in Chemistry from the University of Lagos and an MBA Finance from Olabisi Onabanjo University, Ago Iwoye in Ogun State. He is currently the Managing Director of STB Building Society Limited - a position he has held since 2006.

He started his career as Finance and Administrative Manager at Communication Associates of Nigeria Limited in 1997. He went on to serve as General Manager and Group Chief Operating Officer in Aircom Nigeria Limited between 2001 and 2006, where he was responsible for the general business development and managing the day to day activities of the Company. Mr. Kajero is a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN).


Tairat Tijani

TAIRAT TIJANI

NON-EXECUTIVE DIRECTOR

Mrs. Tairat Tijani joined the Board of Directors of Sterling Bank in November 2014. She graduated from Lancaster University with Honours in Accounting, Finance & Economics. She also graduated with a Distinction (MBA International Business) from the University of Birmingham. She is a Fellow of the Association of Chartered Certified Accountants (ACCA) and a member of the Institute of Chartered Secretaries & Administrators of Nigeria (ICSAN).

Mrs. Tijani has garnered significant experience as an operator in the Capital Market, participating in several landmark transactions which have contributed immensely towards the development of the Nigerian Capital Market. She was formerly the Head, Capital Markets Division of FBN Capital Ltd (a subsidiary of FBN Holdings Plc) where she had oversight responsibility for deal origination and transaction execution. Mrs. Tijani successfully completed the Financial Times Diploma for Non-Executive Directors in 2016 and has attended several executive education programs with a focus on Leadership and Corporate Governance at leading international institutions including Wharton School, Pennsylvania.


Tairat Tijani

MICHAEL JITUBOH

NON-EXECUTIVE DIRECTOR

Mr. Michael Jituboh joined the Board of Directors of Sterling Bank in December 2015. He holds a Bachelor of Science (B.Sc.) Degree in Applied Mathematics from the Federal City College (now University of Washington DC), USA and a Master of Arts (MA) Degree in Economic Studies from Stanford University, California, USA. He is currently the Executive Director, Special Projects of Globacom Limited. He worked for 17 years in the African Development Bank in Ivory Coast where he successfully held the positions of Loan Officer, Senior Executive in charge of International Organizations, Special Assistant to the President and Director, International Co-operation Department.

He has an extensive background experience in Project Lending and Management. He previously served as Non-Executive Director on the boards of the erstwhile Devcom and Equitorial Trust Bank. He is an alumnus of the Harvard Business School, Program for Management Development (PMD).


EGBICHI AKINSANYA

EGBICHI AKINSANYA

NON-EXECUTIVE DIRECTOR

Mrs. Egbichi Akinsanya joined the Board of Directors of Sterling Bank in March 2015. She holds a Bachelors Degree in Economics & Public Administration from Bedford College (Now Holloway College) the University of London, the professional qualifications of the Institute of Chartered Secretaries & Administrators UK (ICSA); and the Institute of Chartered Accountants of Nigeria (ICAN).

Her work experience spans both the public and private sectors having worked with the Securities and Exchange Commission, Nigeria (SEC) for over 11 years, Citibank Nigeria for four years, British American Tobacco for five years and Private Venture Capital initiative (FBC Beverages Company Limited) for six years.


Yemi Adeola

RAZACK ADEYEMI ADEOLA

MANAGING DIRECTOR/CEO

Mr. Yemi Adeola currently serves as the Managing Director/Chief Executive Officer of Sterling Bank Plc.

He studied at the University of Ife (now Obafemi Awolowo University) where he obtained a Bachelor of Laws degree (LL.B). Thereafter, he obtained a Master of Laws degree from the University of Lagos, specializing in the Law of Secured Credit, Comparative Company Law, and International Economic Law. He was called to the Nigerian Bar in 1983. He lectured at the University of Benin and Lagos State University, before joining the firm of Price Waterhouse Coopers as a Consultant.

Mr. Adeola commenced his banking career with Citibank in 1988 serving as Chief Legal Counsel and Company Secretary later as Executive Director, Public Sector and Infrastructure Group and subsequently Executive Director, Expanded Target Markets (Commercial Banking).

He left Citibank in July 2003 to play a pivotal role in the turnaround project of Trust Bank of Africa Limited (TBA), serving as the Deputy Managing Director between 2003 and 2005. Upon the consolidation of TBA into Sterling Bank in December 2005, Mr. Adeola assumed the role of Executive Director, Corporate and Commercial Banking and remained in that capacity until he was appointed Acting Managing Director in 2007. He was later appointed Managing Director in February 2009.

Mr. Adeola is a fellow of the Chartered Institute of Bankers of Nigeria (CIBN) and has undertaken senior management/executive education programs covering various business and leadership areas at leading institutions including Harvard Business School, Stanford Business School, Oxford University and Wharton.


Kayode Lawal

KAYODE LAWAL

EXECUTIVE DIRECTOR

Mr. Kayode Lawal currently serves as the Executive Director, Corporate and Investment Banking at Sterling Bank; a role he has held since April 2014. Mr. Lawal started his career with NBM Bank where he worked from 1987 till 2005. During this period, he excelled in various marketing roles and was subsequently appointed as the bank's Treasurer. Following the consolidation exercise and the emergence of Sterling Bank in 2006, he was again assigned to lead the marketing efforts of various regions in Lagos, a testament to the confidence placed in his abilities on the field.

With 28 years working experience, Mr. Lawal is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and has professional qualifications from the Chartered Institute of Taxation of Nigeria (CITN) and Chartered Institute of Bankers of Nigeria (CIBN). He is also an alumnus of the Lagos Business School, Columbia University Graduate School of Business and the University of Oxford.


Abubakar Suleiman

ABUBAKAR SULEIMAN

EXECUTIVE DIRECTOR

Mr. Abubakar Suleiman currently serves as the Executive Director, Finance and Strategy at Sterling Bank. He was named Chief Financial Officer in 2012 and appointed to the Board in April 2014 with responsibility for the financial performance of the Company; and directly overseeing the Finance and Performance Management, Strategy and Innovation, Brand Management and Communication, and Human Resource Management Department. He is also the executive sponsor of the Bank’s non-interest banking business (Sterling Alternative Finance).

Mr. Suleiman joined the Sterling Bank family (Trust Bank of Africa) in 2003 with responsibility for Treasury and Finance. Following the merger in 2006, he was appointed Group Treasurer; a position he held until 2011 when he assumed the role of Integration Director – tasked with managing and integrating Equitorial Trust Bank (ETB) into Sterling.

He began his career as an Experienced Staff Assistant at Arthur Andersen (now KPMG Nigeria), before moving to MBC International Bank (now First Bank) as a Management Associate. He later worked in Citibank Nigeria in roles spanning Treasury and Asset & Liability Management.

Mr. Suleiman earned a degree in Economics at the University of Abuja, a Masters degree in Major Program Management from the University of Oxford, and has attended various executive education programs at INSEAD, Harvard, Stanford, Wharton, and Said Business Schools.


Grama Narasimhan

GRAMA NARASIMHAN

EXECUTIVE DIRECTOR

Mr. Grama Narasimhan currently serves as the Executive Director, Retail and Consumer Banking at Sterling Bank; a role he has held since October 2014. He obtained a Bachelor of Science Degree (First Class) from Bangalore University, Karnataka, India in 1982. His 30-year-old career which began as an Officer with State Bank of India (SBI) in 1987 has seen him hold various positions at senior levels in Credit/Advances, International Banking and Branch Operations.

He is a Certified Associate of the prestigious India Institute of Bankers.


Yemi Odubiyi

YEMI ODUBIYI

EXECUTIVE DIRECTOR

Mr. Yemi Odubiyi currently serves as the Executive Director, Operations and Services at Sterling Bank; a role he has held since December 2014.

He studied at the University of Lagos and holds a first degree in Estate Management (1994) as well as a Masters in International Law (1998) from the same institution. He started his banking career with the Nigeria unit of Citibank (at the time known as Nigeria International Bank) in 1995 as an Operations and Technology Generalist serving across all its Operations and Technology functions and was thereafter enrolled in its Management Associate program undertaking stints across all key units of the Bank.

He left Citi to join the turnaround team of the then Trust Bank of Africa in 2003 as Head of Operations and Technology. Upon the consolidation of Trust Bank into Sterling Bank Plc, Mr. Odubiyi served as pioneer Group Head, Trade Services. In 2008, he was mandated to build the Structured Finance Group and assumed oversight for corporate strategy serving as Chief Strategy Officer. Over the course of his career, Mr. Odubiyi has undertaken senior management/executive education programs in Risk Management, Finance, and General Management at leading international educational institutions including the London and Harvard Business Schools to name a few.

Sterling Towers

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