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Adeola Retires As Sterling Bank MD, Suleiman Steps in

By Dipo Olowookere

Sterling Bank Plc has announced that its Managing Director/Chief Executive Officer, Mr Yemi Adeola, will finally retire from the bank.

His retirement, according to a statement issued yesterday, will take effect from Saturday, March 31, 2018 and comes after 30 years of meritorious service in the banking industry.

To fill the vacant position, the bank said is Mr Abubakar Suleiman, who will take over effect from Sunday, April 1, 2018.

Mr Adeola was appointed MD of Sterling Bank in February 2009 and prior to his appointment, he was Executive Director, Corporate and Commercial Banking.

His successor, Mr Suleiman, is currently the Executive Director, Finance and Strategy at Sterling Bank.

He was named Chief Financial Officer in 2012 and appointed to the Board in April 2014 with responsibility for the financial performance of the company; and directly oversight of the Finance & Performance Management, Strategy & Innovation, Branding & Communication, and Human Resource Management Departments.

He is also the executive sponsor of the Bank’s Non-Interest Banking business (Sterling Alternative Finance).

Mr Suleiman joined Sterling Bank (the erstwhile Trust Bank of Africa) in 2003 with responsibility for Treasury and Finance. Following the merger in 2006, he was appointed Group Treasurer; a position he held until 2011 when he assumed the role of Integration Director following Sterling Bank’s acquisition of Equitorial Trust Bank (ETB)

He began his career as an Experienced Staff Assistant at Arthur Andersen (now PMG Nigeria), before moving to MBC International Bank (now First Bank) as a Management Associate. He later worked in Citibank Nigeria in roles spanning Treasury and Asset & Liability Management.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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