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Yemi Odubiyi, the Group CEO of Sterling Financial Holdings Company Plc, has recently invested N5.5 million in the company by acquiring an additional 1,556,263 shares.
This increase in shares brings his total direct shares to 314,247,158 units.
The transaction took place on August 16, 2023, with the shares being purchased at a price of N3.75 per share.
Yemi Odubiyi has a strong background in the banking industry, having started his career with Citibank and later joining Sterling Bank Limited.
Sterling Financial Holdings Company has reported positive financial results, with pre-tax profits growing by 44.40% in the second quarter of 2023.
However, the bank also experienced an increase in the impairment charge on loans, leading to a growth in credit loss expense on financial assets.
This article was updated 4 weeks ago