Sterling Bank Limited, a subsidiary of Sterling Financial Holdings Company Plc has appointed Mr. Olatunji Mayaki as its Chairman with effect from January 1, 2024. This is following the resignation of Mr. Asue Ighodalo, on December 31, 2023.
In a statement, the Company Secretary, Temitayo Adegoke, stated: “The resignation of our erstwhile chairman is in line with the best corporate governance practices as Mr. Ighodalo has offered himself for public service.”
Ms. Adegoke added: “Mr. Mayaki takes on the leadership of the Board to continue the progressive growth and lead the bank onto even greater success.”
Mayaki was as a non-executive director. He studied Law and had worked at Ajumogobia, Okeke, Aluko & Oyebode, among others.
He further served as the pioneer Vice President Legal & Compliance of ARM Limited, Country Head of Legal and Group Company Secretary for all Shell Petroleum companies in Nigeria, and Deputy Managing Director of Addax Petroleum Nigeria. He sits on the Governing Council of a Nigerian private university, Davidson, and a UK-based NGO and charitable organisation, Chestrad, from where he has championed the establishment of several programs in Nigeria to support health systems, social development, women and the girl child. An alumnus of the prestigious University of Ibadan, as well as Harvard and INSEAD business schools, Mayaki’s background in Law, Finance and Investment and overall career experience further strengthens the Bank’s dedication to strong corporate governance.