In a statement released by the company secretary of the
bank, Temitayo Adegoke, “The resignation of our erstwhile Chairman is in line
with the best corporate governance practices as Ighodalo has offered himself
for public service.
“Mayaki takes on the leadership of the Board to continue the
progressive growth and lead the Bank onto even greater success.”
Mayaki assumes the board’s leadership after serving as a
non-executive director. His extensive background spans the practice of Law with
the firm formerly known as Ajumogobia, Okeke, Aluko & Oyebode. He further
served as the pioneer vice president Legal & Compliance of ARM Limited,
Country Head of Legal and Group Company Secretary for all Shell Petroleum
companies in Nigeria, and deputy managing director of Addax Petroleum Nigeria.
He sits on the governing council of a Nigerian private
university, Davidson, and a UK-based NGO and charitable organisation, Chestrad,
from where he has championed the establishment of several programs in Nigeria
to support health systems, social development, women and the girl child.
An alumnus of the prestigious University of Ibadan, as well
as Harvard and INSEAD business schools, Mayaki’s background in Law, Finance and
Investment and overall career experience further strengthens the Bank’s
dedication to strong corporate governance.
In recent times, Sterling Bank has enhanced its focus on
innovation and digitization, introducing specialized products such as Specta.
The Business Hub, OneBank, Qore, Edubanc, HealthBanc, and
Omni X, tailored to the unique needs of the Nigerian market. Furthermore, the
Bank has forged a partnership with the Small and Medium Enterprises Development
Agency of Nigeria (SMEDAN) to develop the real sector of the Nigerian economy
with single-digit low-interest loans to SMEs, starting with a N5 billion
scheme.
Renowned for its now famous HEART of Sterling strategy;
which focuses on investments in Health, Education, Agriculture, Renewable
Energy and Transportation; the Bank featured on the prestigious top 100 fastest
growing companies in Africa, as published by the globally recognised Financial
Times all in 2023. With its optimism about Nigeria, irreverent brand voice and
enviable talent management practices, Sterling has been the most recognised
awardee of the Great Place To Work Institute over the last 5 years and was
named earlier this year as the Overall Best Place To Work In Nigeria.