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Business Finance Info & Updates

Sterling Bank appoints three new directors

CBN Grants La Fayette national microfinance banking licence

Sterling Bank Plc has appointed three new directors to strengthen its board of directors.

A statement from the bank said the new directors were Messrs Tunde Adeola, Raheem Owodeyi and Subbaramaiah Rajapur.

Prior to their appointments as executive directors, Adeola was divisional head, commercial banking, while Owodeyi was the bank’s chief operating officer.

Rajapur was, however, appointed as a non-executive director to the board.

The statement added, “A seasoned professional with over 29 years’ experience in the financial services industry, Adeola started his career with Liberty Merchant Bank Limited, before joining Kakawa Discount House as a pioneer staff member.

“He later moved to Trust Bank where he distinguished himself and rose through the rank to the grade of deputy general manager.

“Following the consolidation exercise and the emergence of Sterling Bank in 2006, he was appointed head, telecoms and corporate banking group; and was later assigned to head the business of 33 branches in Lagos as the regional business executive.

“He was promoted to general manager grade in May 2013 and was appointed business executive, commercial & institutional banking, Ikeja and beyond in March 2015.”

It stated, “He holds a B.A English (1988) from the Lagos State University and a LL.B Law (1999) from the University of Lagos. He is an honorary member, Chartered Institute of Bankers of Nigeria and has attended several executive programmes from top management universities such as the Wharton School, University of Pennsylvania.”

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