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Board of Directors

Meet the members of the Sterling Bank board.

Chairman

Olatunji Mayaki

Mr. Olatunji Mayaki is an executive management, governance and risk consultant who holds B.Sc. and LLB degrees of the University of Ibadan. He has attended both Harvard and INSEAD business and executive leadership development programs.

Called to the Nigerian Bar, he started his career with the law firm then known as Ajumogobia, Okeke Oyebode & Aluko honing his skills in commercial law and litigation. He also had served in the Banking and Asset Management sector, culminating in the role of pioneer Vice President, Legal & Compliance of Nigeria’s leading Asset & Investment Management firm, Asset & Resource Management Company Ltd, ARM.

He joined Shell Petroleum’s Nigerian operations in 1996 as Legal Adviser, Contracting & Projects, and was pioneer Legal Adviser & Company Secretary of Shell Exploration & Production Africa Limited, following creation of its African regional office in 2004.  He transferred to The Netherlands in 2005 as Senior Legal Counsel supporting Engineering Procurement & Construction (EPC) Contracts for Shell’s global Gas & Power Business where he maintained responsibility for supporting Group Engineering Procurement and Construction projects in Africa, China, Western Europe, and South America.

He returned to Nigeria in 2009 to assume the role of Country Head of Legal & Group Company Secretary for all the Shell Companies in Nigeria.

In 2012, he joined Addax Petroleum Nigeria, as Deputy Managing Director, overseeing its External, Government & Regulatory Affairs, Human Resources & Admin, Legal, Community Relations, Security & Supply Chain Management Business Groups. He voluntarily retired from Addax in January 2022.

Tunji also sits on the Governing Council of a Nigerian private university, Davidson, and a UK based NGO & 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.

Managing Director/Chief Executive Officer

Abubakar Suleiman

Abubakar Suleiman is an economist and a banker with over 20 years of experience in consulting and financial services.

As the Chief Executive Officer of Sterling Bank Ltd, his top priority is to optimise the impact of financial intermediation in critical sectors that can catalyse growth and create a future of shared prosperity for all Nigerians. These sectors are Health, Education, Agriculture, Renewable Energy and Transportation, and are at the H.E.A.R.T of Sterling.

Before his current role, he served as an Executive Director and Chief Financial Officer of the bank and was the executive sponsor of the Bank’s non-interest banking business (Sterling Alternative Finance). Abubakar holds a Bachelor’s Degree (B.Sc) in Economics from the University of Abuja, and a Master of Science (M.Sc.) in Major Programme Management from Said Business School, University of Oxford. He is also an Alumnus of IESE Business School.

His previous work experience includes tax advisory at Arthur Andersen and financial markets with Citibank Nigeria. He is a firm believer in the role of efficient markets, emerging technologies, and small businesses in unlocking productivity, improving national competitiveness, and driving inclusive economic growth.

He currently serves on the Advisory Boards of Lagos Business School (LBS) and the Enterprise Development Centre (EDC) of the Pan Atlantic University.

Executive Director, Commercial & Institutional Banking

Tunde Adeola

He was previously the Divisional Head, Commercial Banking and a seasoned banking professional with over 29 years experience, in the Financial Services Industry, more than 13 of which are dedicated to service in Sterling.

He started his career with Liberty Merchant Bank Limited where he worked from 1990-1995, before joining Kakawa Discount House as a pioneer staff from 1995-2002.

He moved to Trust Bank in 2002 and was responsible for the bank’s funding across all market segments. In this capacity, Tunde supervised the Public Sector, Small Businesses, Niche Markets,  Personal Finance and Non-Bank financial institutions.  In recognition of his contributions, he was promoted to an Assistant General Manager in 2004 and in 2007, he became a 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 & Beyond in March 2015.

He holds a B.A. English (1988) from the Lagos State University and an LL.B Law (1999) from the University of Lagos. He is an Honorary Member, Chartered Institute of Bankers of Nigeria (HCIB) and has attended several Executive Programmes from top management universities such as the Wharton School, University of Pennsylvania.

Executive Director, Operations & Retail Banking/COO

Raheem Owodeyi

He was previously the Chief Operating Officer and a skilled expert with over 28 years experience in the Financial Services Industry and with over 4 years committed to service in Sterling.

He began his career as a Resident Internal Auditor at Citibank Nigeria where he worked from 1991-1999. While in Citibank, he worked in roles covering Internal Audit, Internal Controls, Business Process Improvement and Cash Management Operations. His experience also includes 6 years with Triumph Bank Plc, Nigeria as Head, Operations & Technology and Head, Compliance & Controls.

He moved to BDO Stoy Hayward, LLP in the United Kingdom as a Senior Internal Auditor where he conducted clients’ audits in areas covering Compliance and Corporate Governance, Treasury & Cash Management. He joined Access Bank Plc in 2008 as a Deputy General Manager and Head, Compliance and Internal Controls (Subsidiaries) where he was responsible for implementing the Bank’s Compliance & Internal Controls framework across subsidiaries in 8 African countries and the UK and 3 non-banking subsidiaries in Nigeria. 

He also worked at Aso Savings & Loans Plc as Chief Inspector/Head Internal Audit & Controls from 2011-2014. He joined Sterling Bank as the Chief Compliance Officer in 2015.

He obtained a B.Sc. Economics (1990) from OAU and has attended Executive Management Courses from London Business School, Harvard Business School and University of Pennsylvania. He is a Member, Institute of Internal Auditors, IIA; Honorary Member, Chartered Institute of Bankers (HCIB) and Member of Association of Certified Anti-Money Laundering Specialists.

Non-Executive Director

Olaitan Kajero

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).

Non-Executive Director

Tairat Tijani

Mrs. Tijani graduated from the Lancaster University with Honours in Accounting, Finance & Economics. She also graduated with a Distinction in MBA, International Business from the University of Birmingham.

She is a member of the Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Secretaries & Administrators of Nigeria.

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 (a subsidiary of FBN Holdings Plc- formerly First Bank of Nigeria Plc) where she had oversight responsibility for deal origination and transaction execution.

She was appointed a Non-Executive Director of Sterling Bank in November, 2014.

Non-Executive Director

Michael Jituboh

Mr. Michael Jituboh 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 been on missions to every African country and is also widely travelled across the Middle East, Europe, Asia and the American continent. 

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 Banks. Mr. Jituboh 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 an alumnus of the Harvard Business School, Program for Management Development (PMD). He was appointed a Non-Executive Director of Sterling Bank in December, 2015.

Non-Executive Director

Folashade Kilaso

Mrs. Folasade Kilaso joined the Board of Sterling Bank Ltd as a Non-Executive Director in June 2018.

She holds a bachelor’s degree in law from the University of Kent and an LLM from the prestigious University of Cambridge specializing in International Corporate law and Finance. 

Mrs. Kilaso was called to the Nigerian Bar in 1988. She trained with the leading international law firm Clifford Chance in the United Kingdom and is a solicitor of the Supreme Court of England and Wales. She is presently the Principal Partner at Berkeley Legal where she specializes in Banking & Corporate Finance, Capital Markets, Energy, Real Estate, Insurance, Immigration and Risk Management.

Prior to setting up Berkeley Legal in 2015, she was Executive Director at Standard Chartered Bank, Nigeria. Mrs. Kilaso had a multifunctional career at Standard Chartered during her 11 years with the Bank. She has served on the Board of the Financial Institutions Training Centre (FITC), and on the committees of various institutions such as the Nigeria Inter Bank Settlement Systems (NIBSS), Chartered Institute of Bankers Nigeria (CIBN) and Central Bank of Nigeria (CBN) – Sub Committee for Women Economic Empowerment. She is currently serving on the board of other companies.

Non-Executive Director

Paritosh Tripathi

Mr. Tripathi is presently the General Manager Operations, International Banking Group of the State Bank of India (SBI). He joined the State Bank of India in 1990 as a Probationary Officer and has over the years served in various capacities.

He has over 30 years banking experience and is an expert in the implementation of IT related policies and IT Infrastructure. He oversees the Operations & Information System Functions. He is responsible for HR and Overseas Expansion Planning and Strategy and also has oversight functions on performance monitoring, budgeting, strategy, advertisement and marketing at SBI.

Mr. Tripathi holds a Bachelor of Arts degree and a Master of Business Administration (MBA) from the University of Lucknow. He is a certified Associate of the Indian Institute of Bankers.

Independent Director

Michael Ajukwu

Mr. Michael Ajukwu was appointed an Independent Director on the Board of Sterling Bank Ltd in June 2018.

He holds a B.Sc. in Finance from the University of Lagos and an MBA in Accounting & Finance from New York University

Mr. Ajukwu is currently a Non-Executive Director on the Boards of Intafact Beverages Ltd (Nigerian subsidiary of South African Breweries), Mobax Nigeria Ltd (a South African company) and Novotel – a member of ACCOR (a French hotel group).

He worked for 21 years in the banking industry retiring in 2002 as an executive board member of United Bank for Africa. He is also an Independent Director on the Board of Tiger Brands SA.

Independent Director

Olusola Oworu

Mrs. Olusola Oworu is a seasoned professional with a strong bias for credit analysis, risk management and marketing.

She worked with Coopers and Lybrand (now PricewaterhouseCoopers), NAL Merchant Bank (now Sterling Bank Ltd.) and Citibank Nigeria where she rose to the position of Vice President.

Mrs. Oworu served as a Special Adviser on Commerce & Industry to the erstwhile Governor of Lagos State, Mr. Babatunde Raji Fashola SAN. She was also an Honourable Commissioner for Commerce & Industry with the primary responsibility to develop several greenfield projects, initiate schemes to improve the investment climate and lead the drive to attract new investments to Lagos State.

Mrs. Oworu holds a Bachelor of Arts (Honours) in Accounting and is a fellow of the Institute of the Chartered Accountants of Nigeria. Mrs. Oworu was an Independent Director of First Bank of Nigeria Limited from January 2016 to April 2021. She is currently the Chairperson, Lekki Concession Company, and a member of the Advisory Board of Landmark Village, Lekki.

Non-Executive Director

Manish Singhal

Mr. Manish Singhal has over twenty-six (26) years of experience in the Financial Service Industry. He is currently the General Manager (Operations), International Banking Group (IBG), State Bank of India (SBI), where he oversees the Operations and Information Systems, Human Relations & Expansion Planning, and Strategy.

He also oversees the implementation of IT-related policies and the activities relating to the IT infrastructure of SBI, among other responsibilities.

Before his current role at SBI, Mr. Manish Singhal worked as a full-time Director and Chief Financial Officer at SBICAP Securities Limited (a wholly owned subsidiary and broking arm of the State Bank of India).

During his career in SBI, Mr. Manish Singhal has held several other positions. He has vast experience in Business Development, Risk Management, Compliance, Customer Service, Human Resources, Administration, and Products Development.

Mr. Manish Singhal holds a Master of Science (Mathematics) from Garhwal University and is a Certified Associate of Indian Institute of Bankers (CAIIB).

Non-Executive Director

Ashutosh Kumar

Ashutosh Kumar is a seasoned banker with over twenty-two (22) years of experience. He joined the State Bank of India (SBI) in 2001 and has served in different capacities and areas, including international banking, forex and derivatives, risk management, credit, trade finance, retail banking, performance planning, and operations among others.

Mr. Kumar is versed in regulatory compliance and reporting. He is currently the Country Head and Chief Executive Officer of SBI, South Africa.

Before his current role at SBI, South Africa, Mr. Ashutosh Kumar was the Deputy General Manager (Business Operations) of Jodhpur Zone and the Chairman, the Zonal Credit Committee, where he was responsible for managing the operations of 222 (two hundred and twenty-two) branches spread across 5 (five) districts in the state of Rajasthan, India, amongst other things.

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