Sterling Bank Appoints Axed First Bank Director, Olusola Oworu

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.”

This article was originally published on Nigeria News