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Executive Management

Meet the members of the Sterling Bank Executive Team.

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 and 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 and 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.

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