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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
Mr Yinka Sanni
Chairman
Mr Wole Adeniyi
Chief Executive - Stanbic IBTC Bank
Mr Olu Delano
Executive Director, Personal and Pivate Banking
Mr Remy Osuagwu
Executive Director, Business and Commercial Banking
Mrs Bunmi Dayo-Olagunju
Executive Director, Operations
Mr Kola Lawal
Executive Director, Risk
Dr. Demola Sogunle
NON-EXECUTIVE DIRECTOR
Mrs Miannaya Essien (SAN)
INDEPENDENT NON-EXECUTIVE DIRECTOR
Ms Rabi Isma
INDEPENDENT NON-EXECUTIVE DIRECTOR
Mr Abubakar Sadiq Bello
INDEPENDENT NON-EXECUTIVE DIRECTOR
Mr Simon Ridley
Non-Executive Director
Mr Eric Fajemisin
Executive Director, Corporate and Transactional Banking
Mr Helmut Engelbrecht
Non-Executive Director
Funeka Montjane
Non-Executive Director
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 Mr Yinka Sanni Chairman
2 Mr. Wole Adeniyi Chief Executive
3 Mr Olu Delano Executive Director, Personal and Pivate Banking
4 Mrs. Bunmi Dayo-Olagunju Executive Director, Operations
5 Mr. Remy Osuagwu Executive Director, Business and Commercial Banking
6 Mr. Eric Fajemisin Executive Director, Corporate and Transactional Banking
7 Mr. Kolawole Lawal Executive Director, Risk Management/ Chief Risk Officer
8 Dr. Demola Sogunle Non–Executive Director
9 Mr. Simon Ridley Non–Executive Director
10 Mrs. Miannaya Essien SAN Independent Non-Executive Director
11 Ms. Rabi Isma Independent Non-Executive Director
12 Mr Abubakar Sadiq Bello Independent Non-Executive Director
13 Mr Helmut   Engelbrecht Non-Executive Director
14 Funeka   Montjane 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 Abubakar Sadiq Bello 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
7 Mr. Olu Delano Member
8 Mr. Simon Ridley Member
9 Mr. Helmut Engelbrecht Member
 

Board Credit Committee

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. Eric Fajemisin Member
6 Mr. Helmut Engelbrecht Member
7 Mrs. Funeka Montjane

Member

8 Mr Abubakar Sadiq Bello Member

 

Board Remuneration Committee (REMCO)

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

Board Nominations  and Governance  Committee

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