Sterling HoldCo appoints two directors to board

Sterling Financial Holdings Company Plc has announced significant leadership changes with the appointment of Olubisi Makoju as an Independent Non-Executive Director and Olayinka Oni as a Non-Executive Director of Sterling Bank Limited. These appointments, confirmed by the Central Bank of Nigeria, are designed to bolster the leadership capabilities of both the holding company and its banking subsidiary.

Ms. Makoju brings a wealth of experience, with over 25 years in the finance sector spanning oil and gas, consulting, IT, and financial services. Her expertise encompasses financial management, corporate strategy, and operational leadership. Previously, she served as the Chief Financial Officer of Smart Grid Development Limited and was the executive director and chief operating officer of the Nigeria Sovereign Investment Authority (NSIA).

Mr. Oni's appointment to the bank's board follows his role as an Executive Director at Sterling Financial Holdings Company Plc. He previously led Sterling Bank's digital strategy as Chief Digital Officer and held technology leadership positions at Microsoft Nigeria and Wema Bank Plc. His background includes extensive experience in solutions engineering and program management.

The company expressed confidence that these appointments will enhance the strategic direction and operational effectiveness of Sterling Financial Holdings and Sterling Bank Limited, leveraging the directors' diverse skills and extensive industry knowledge.

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We wish to notify Nigerian Exchange Limited, our esteemed shareholders, and the investing public of the appointment of new Directors to the Boards of Sterling Financial Holdings Company Plc (Holdco) and Sterling Bank Ltd (the Bank). The Central Bank of Nigeria has approved the appointments.