Sterling Bank Limited has named Olatunji Mayaki as the new chairman of its board of directors.
A statement released by the company secretary, Temitayo Adegoke, said Mayaki’s appointment would be effective January 1, 2024.
This followed the resignation of Asue Ighodalo from his position as chairman of the firm, effective from December 31, 2023.
Ighodalo resigned to go into politics, with his eyes fixed on the Edo governorship seat.
The statement by Mr. Adegoke said, “The resignation of our erstwhile chairman is in line with the best corporate governance practices, as Ighodalo has offered himself for public service.
“Mayaki takes on the leadership of the board to continue the progressive growth and lead the bank to even greater success.”
Mayaki had served as a non-executive director with a background that spans the practice of law with the firm formerly known as Ajumogobia, Okeke, Aluko, and Oyebode.
He further served as the pioneer vice president of legal and compliance at ARM Limited, the country head of legal and group company secretary for all Shell Petroleum companies in Nigeria, and the deputy managing director of Addax Petroleum Nigeria.
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