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).
