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Sterling Bank appoints new chairman

By on August 27, 2014

Sterling Bank Plc has announced the appointment of Mr. Asue Ighodalo as the new chairman, Board of Directors of the bank.

According to a statement by the bank, Ighodalo succeeds Alhaji Suleiman Adegunwa, who has retired from the bank after 12 years of service.

The lender, in the statement by its Chief Executive Officer, Mr. Yemi Adeola, commended the outgoing chairman for his contribution to the bank’s growth.

Adeola said, “Adegunwa has provided purposeful leadership and demonstrated his undivided commitment to ensuring that Sterling Bank occupies its rightful place in the banking industry, while bringing his diverse experience in international business to bear on the fortunes of the bank.”

Commenting on the appointment of the new chairman, the bank CEO expressed optimism that the lender would benefit immensely from Ighodalo’s wealth of experience.

He said his selection was based on his track record as an accomplished professional and astute businessman, who typifies the bank’s value system which is hinged on integrity, dynamism, and purposeful leadership.

Ighodalo is the co-founder of Banwo & Ighodalo, a leading corporate and commercial law firm in Nigeria, which was founded in 1991.

According to the statement, his core practice areas are corporate finance, capital markets, mergers and acquisitions, banking and securities, foreign investments & divestments, energy & natural resources, privatisation and project finance.

A product of Kings College, Lagos, Ighodalo obtained a Bachelor of Science in Economics degree from the University of Ibadan, an LL.B from London School of Economics and a BL from the Nigerian Law School.

A member of several professional associations, he currently sits on the board of notable public and private companies such as Dangote Flour Mills Plc, Okomu Oil Palm Company Plc, Boff & Co Insurance Brokers Limited, the Nigerian Economic Summit Group, the Christopher Kolade Foundation, the Fate Foundation and Global Mix Limiteds (where he chairs the board).

 

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