Sterling Bank Announces Retirement of Rasheed  Kolarinwa

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Sterling Bank Announces Retirement of Rasheed Kolarinwa

Full service national commercial bank, Sterling Bank Plc in a statement signed by the Company Secretary & Chief Legal Counsel, Justina Lewa has announced the retirement of Mr. Rasheed Kolarinwa as an Independent Director.

The bank notified the Nigerian Stock Exchange of his retirement on Thursday, December 6.

Mr. Kolarinwa was appointed as an Independent Director of the Bank in October, 2010. His retirement comes after 8 years of meritorious service to the Bank.

He holds a Bachelor of Arts in Economics from the University of Toronto, Canada as well as an MBA in Finance and International Business from the Schulich School of Business, York University, also in Canada. He is currently the Chairman of Capiflex Management Limited.

His banking career started in 1981 with International Merchant Bank Nigeria Limited, after which he moved to Chartered Bank Plc in 1989.

He assumed various senior management roles and thereafter moved into Executive positions between 1999 and 2005 as an Executive Director.

He served as the Deputy Managing Director of IBTC Chartered Bank Plc (now Stanbic IBTC Bank Plc) from December 2005 to December 2007.

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