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Sterling Bank Appoints Sacked First Bank Director, Olusola Oworu

Sterling Bank has appointed Olusola Oworu, a former Independent Director of First Bank of Nigeria.

The board of Sterling Bank has nominated Babatunde Fashola, the former Special Adviser on Commerce and Industry to ex-Governor of Lagos State, as an Independent Non-Executive Director.

The bank made the announcement in a statement to the National Futures Exchange (NGX) on Wednesday.

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During a standoff between First Bank and the Central Bank of Nigeria over improper appointments and dismissals, Oworu was removed from the board of directors of the bank in April 2021.

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Oworu’s employment marks a return to Sterling Bank, which she previously worked for when it was known as NAL Merchant Bank.

Sterling Bank also appointed Olatunji Mayaki as Non-Executive Director.

Mayaki is currently the Executive Management Consultant at Welton Energy/Addax Petroleum Development Nigeria Ltd.

Sterling wrote in the statement, “Mayaki has over 35 years of experience in Corporate Law, Banking & Finance, Asset and Wealth Management and the Upstream Oil and Gas Business.”

 

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