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Sterling Bank Plc has appointed Asue Ighodalo as
the new chairman of its board of directors. Ighodalo succeeds S.A Adegunwa who
retired from the bank after twelve years of exceptional service.
In a statement by the bank’s chief executive,
Yemi Adeola, he commended the outgoing chairman for contributing immensely to
the sustained growth of the bank.
During his tenure, Dr. Adegunwa provided
purposeful leadership and demonstrated his undivided commitment to ensuring
that Sterling Bank occupies its rightful place in the banking industry, whilst
bringing his diverse experience in international business to bear on the
fortunes of the Bank”, the statement read in part.
Commenting on the appointment of the new
chairman, Adeola expressed optimism that the bank would benefit immensely from
Asue Ighodalo’s wealth of experience. He further stated that his selection was
based on his track record as an accomplished professional and astute
businessman – who typifies the bank’s value system which is hinged on
integrity, dynamism, and purposeful leadership.
Asue Ighodalo is the co-founder of Banwo &
Ighodalo, a leading corporate and commercial law firm in Nigeria, founded in
partnership in 1991. His core practice areas are corporate finance, capital
markets, mergers and acquisitions, banking & securities, foreign
investments & divestments, energy & natural resources, privatisation
and project finance.
A product of the prestigious Kings College,
Lagos, Asue obtained a BSc. in Economics from the University of Ibadan, an LL.B
from London School of Economics and a BL from the Nigerian Law School. A member
of several professional associations, he currently sits on the board of notable
public and private companies including Dangote Flour Mills Plc, Okomu Oil Palm
Company Plc, Boff & Co. Insurance Brokers Ltd, the Nigerian Economic Summit
Group, the Christopher Kolade Foundation, the Fate Foundation (an NGO committed
to the development of entrepreneurs in Nigeria) and Global Mix Ltd (where he
chairs the board).
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