Sterling Bank Appoints Owuru, Mayaki as Non-Executive Directors to Board

Sterling Bank has appointed Olusola Oworu, the former Independent Director at First Bank of Nigeria (FBN), who was also the former Special Adviser on Commerce & Industry to erstwhile Governor of Lagos State, Babatunde Fashola.

Oworu was appointed into Sterling Bank board as an Independent Non-Executive Director, a statement released by the company to the capital market authority, NGX, on Wednesday, disclosed.

She was part of the First Bank of Nigeria board members axed by Central Bank of Nigeria (CBN), in April 2021, during a faceoff between the firm and the financial regulator over unauthorised appointments and dismissals

Oworu had also served as Commissioner for Commerce & Industry. Her appointment is a return to a company she used to work for, when Sterling Bank was known as NAL Merchant Bank.

Sterling Bank also appointed Olatunji Mayaki as Non-Executive Director. He currently holds the position of Executive Management Consultant at Welton Energy/Addax Petroleum Development Nigeria Ltd.

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

April 21, 2022