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Enterprise Academy

The Board of Directors

The ultimate responsibility for governance rests with the board of directors of the bank, who ensure that appropriate controls, systems and practices are in place.

Directors
Mrs Sola   David- Borha
Chairman
Mr Wole   Adeniyi
Chief Executive - Stanbic iBTC Bank
Mr Remy   Osuagwu
Executive Director - Personal & Business Banking
Mrs Bunmi   Dayo-Olagunju
Executive Director, Operations
Mr Kola   Lawal
Executive Director, Risk/Chief Risk Officer
Dr. Demola   Sogunle
NON-EXECUTIVE DIRECTOR
Mrs Miannaya   Essien (SAN)
INDEPENDENT NON-EXECUTIVE DIRECTOR
Ms Rabi   Isma
INDEPENDENT NON-EXECUTIVE DIRECTOR
Mr Wale   Oyedeji
INDEPENDENT NON-EXECUTIVE DIRECTOR
Mr Simon   Ridley
Non-Executive Director
Eric   Fajemisin
Executive Director, Corporate and Transactional Banking
Board Structure

The ultimate responsibility for governance rests with the Board of Directors of the Bank, which ensures that appropriate controls, systems and practices are in place. The Bank has a unitary Board structure, and the roles of the Chairman and Chief Executive are separate and distinct. In addition, the Bank’s Chairman, is a Non-Executive Director. The number and stature of Non-Executive Directors ensure sufficient consideration and debate during decision making, which ultimately contributes to the efficient running of the Board.

One of the ways the Board operates is through the Board Committees, which facilitate the discharge of Board responsibilities. The Committees each have a Board approved mandate that is reviewed periodically.

Board Remuneration Policy

The Bank has always had a clear policy on the remuneration of staff, Executive and Non-Executive Directors, which set such remuneration at fair and reasonable levels in a competitive market for the skills, knowledge, and experience required and which complies with all relevant tax laws.

The Board Remuneration Committee (REMCO) assists the Bank’s Board in monitoring the implementation of the Bank’s Remuneration Policy, which ensures that:

  • Salary structures and policies, as well as cash and long-term incentives, motivates sustained high performance and are linked to corporate performance objectives.
  • Stakeholders can make a reasonable assessment of reward practices and the governance process; and
  • The Bank complies with all applicable Laws and Codes.
Membership and Responsibilities of the Board

 

S/N NAME DESIGNATION
1 Mrs. Sola David – Borha Chairman
2 Mr. Wole Adeniyi Chief Executive
3 Mrs. Bunmi Dayo-Olagunju Executive Director, Client Solutions
4 Mr. Remy Osuagwu Executive Director, Business and Commercial Clients
5 Mr. Eric Fajemisin Executive Director, Wholesale Clients
6 Mr. Kolawole Lawal Executive Director, Risk Management/ Chief Risk Officer
7 Dr. Demola Sogunle Non–Executive Director
8 Mr. Simon Ridley Non–Executive Director
9 Mrs. Miannaya Essien SAN Independent Non-Executive Director
10 Ms. Rabi Isma Independent Non-Executive Director
11 Mr. Adebowale Oyedeji Independent Non-Executive Director

 

 

 

 

 

 

 

 

 

 

 

Board Committees

Board Audit Commitee

S/N NAME DESIGNATION
1 Mrs. Miannaya Essien SAN Chairperson
2 Mr. Simon Ridley Member
3 Dr. Demola Sogunle Member

 

Board Risk Management Commitee

S/N NAME DESIGNATION
1 Mr. Adebowale Oyedeji Chairman
2 Mr. Wole Adeniyi Member
3 Ms. Rabi Isma Member
4 Mrs. Bunmi Dayo-Olagunju Member
5 Mr. Kolawole Lawal Member
6 Mrs. Miannaya Essien SAN Member

 

Board Credit Commitee

S/N NAME DESIGNATION
1 Mr. Simon Ridley Chairman
2 Mr. Wole Adeniyi Member
3 Mr. Kolawole Lawal Member
4 Mr. Remy Osuagwu Member
5 Mr. Adebowale Oyedeji Member
6 Mrs. Sola David- Borha Member
7 Mr. Eric Fajemisin Member

 

Board Remuneration Committee (REMCO)

S/N NAME DESIGNATION
1 Ms. Rabi Isma Chairperson
2 Mrs. Miannaya Essien SAN Member

 

Board Nominations Committee

S/N NAME DESIGNATION
1 Mrs. Miannaya Essien SAN Member
2 Dr. Demola Sogunle Member

 

Committee of Independent Non-Executive Directors (mandated to review significant related party transactions)

S/N NAME DESIGNATION
1 Mrs. Miannaya Essien SAN Chairperson
2 Ms. Rabi Isma Member
3 Mr. Adebowale Oyedeji Member