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Sterling Bank Appoints Axed First Bank Director, Olusola Oworu

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The former Independent Director at First Bank of Nigeria, Olusola Oworu has been appointed by Sterling Bank.

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

The bank revealed this in a statement released to the capital market authority, NGX, on Wednesday.

The Central Bank of Nigeria had axed Oworu as a board member of First Bank in April 2021, during a faceoff between the firm and CBN over unauthorized appointments and dismissals.

Oworu’s appointment is a return to the 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.

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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