Under the theme 30 Years of Trust, the gala event brought together the “who’s who” of the Nigerian capital market, including regulators, Pension Fund Administrators (PFAs), and institutional investors, to celebrate a legacy that began in 1996.

The Backbone of Nigeria’s Capital Market

While retail banking often takes the spotlight, the Nominees business serves as the critical infrastructure for the country’s institutional wealth.

Since its inception, Stanbic IBTC Nominees has evolved from a nascent unit into a market leader, managing the safekeeping and settlement of assets for the nation’s largest investors.

The Zero Tolerance Benchmark:

Babatunde Majiyagbe, CEO of Stanbic IBTC Nominees, highlighted the firm’s track record of zero tolerance for operational errors.

Service Scope: Beyond simple safekeeping, the firm provides settlement efficiency, accurate reporting, and critical regulatory compliance support for institutional clients.

Market Impact: The business is a pivotal partner for insurance companies, asset managers, and PFAs, ensuring the integrity of the multi-trillion naira pension industry.

Strategic Vision: Global Expertise meets Local Insight

Wole Adeniyi, chief executive of Stanbic IBTC Bank, emphasized that the custody business is not just a support function but a strategic pillar for the Group’s pan-African ambitions.

“The next 30 years will be about combining global expertise with local insight to create unparalleled value… supporting Nigeria’s capital market growth with infrastructure that meets global standards,” Adeniyi stated.

Jude Chiemeka, CEO of the Nigerian Exchange Limited (NGX), provided a client-side perspective, describing the relationship as transformative.

According to Chiemeka, the partnership provides the Exchange with the peace of mind required to manage large-scale market operations.

In the world of high-finance, custody is the ultimate trust business. The 30-year survival and growth of Stanbic IBTC Nominees reflects a successful navigation of Nigeria’s volatile regulatory cycles and technological shifts.

As Nigeria’s capital market looks toward more complex instruments, including derivatives and exchange-traded funds (ETFs), the role of a sophisticated custodian becomes even more vital.

Stanbic IBTC’s continued investment in cutting-edge technology suggests it is preparing to defend its market share against emerging fintech competitors who are increasingly eyeing the institutional asset servicing space.

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The company’s flagship corporate social investment (CSI) initiative focuses on underserved children aged 0 – 18 years, who are living with limb loss across the states in Nigeria by providing prosthetic limbs and Stanbic IBTC Education Trusts for the children.

The event, which has become a hallmark of corporate social responsibility in Nigeria’s financial services sector, saw participants embark on a symbolic walk in Victoria Island.

Filled with energy and enthusiasm, the annual Togetehr4ALimb Walk reaffirms Stanbic IBTC’s commitment to fostering inclusion and improving the lives of the beneficiaries.

The event provided a shared sense of purpose as staff members, Together4ALimb beneficiaries, their parents and guardians, and major stakeholders walked in solidarity to raise awareness for limb loss and celebrated the remarkable courage and progress of the beneficiaries.

The initiative represents a decade-long commitment to changing lives and creating opportunities for children who might otherwise have been marginalised due to physical disabilities.

This year marked a significant milestone as 64 new beneficiaries received prosthetic limbs, bringing the total number of children supported since the programme’s inception to 200.

Beyond the prosthetic limbs, each beneficiary also received an education trust valued at N1.5 million to support their academic journey; ensuring that they have the resources needed to pursue their dreams and reach their full potential.

Speaking at the event, Chuma Nwokocha, chief executive, Stanbic IBTC Holdings, said:

“To celebrate our 200 beneficiaries this year, we are telling the story of a journey defined by compassion and progress. Together4ALimb is more than an initiative – it is a promise to keep enabling futures and empowering children to thrive. Each child we support represents a transformed life; a family uplifted; and a community strengthened. We are honoured to continue this journey and look forward to touching even more lives in the years to come.”

Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, added:

“Each step we take during this walk is a symbol of shared hope and collective responsibility. We are proud to stand with the children benefiting from this initiative, and their families, as we continue to drive awareness around limb loss and inclusion across Nigeria. The Together4ALimb initiative embodies our belief that banking is about more than transactions. It’s also about transformation and making a meaningful difference in the communities we serve.”

This year’s edition also featured inspiring testimonials from beneficiaries and their families, who shared their stories of resilience and gratitude. Many spoke about how receiving prosthetic limbs had not only restored their mobility, but also their confidence and sense of belonging in society.

In addition to the physical walk, Stanbic IBTC invited its customers and supporters to participate virtually using the Steps by Stanbic IBTC App; enabling them to join from anywhere in the world. This virtual component allowed thousands more people to show their support for children living with limb loss and contribute to raising awareness around the importance of inclusion.

The Together4ALimb initiative reflects Stanbic IBTC’s broader commitment to sustainable development and social impact.

By addressing both the immediate physical needs of children through prosthetic limbs provision in their childhood, and their long-term educational needs through education trusts, the programme takes a holistic approach to empowerment and inclusion.

Through initiatives like Together4ALimb, Stanbic IBTC continues to demonstrate its unwavering dedication to building a more inclusive, equitable, and compassionate society where every child, regardless of physical challenges, has the opportunity to succeed and contribute meaningfully to Nigeria’s development.

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These appointments reflect the NESG’s steadfast dedication to promoting visionary leadership and strengthening partnerships with key business leaders and private sector stakeholders. The addition of these accomplished professionals is expected to drive strategic initiatives aimed at transforming and advancing Nigeria’s economic landscape.

Wole Adeniyi is the Chief Executive Officer of Stanbic IBTC Bank Ltd and is responsible for driving the institution’s strategy across her Technology, Digital Transformation, Corporate & Investment Banking arm, and Retail banking arm. Before assuming this role, he was the Deputy Chief Executive Officer of the Bank.

Until July 2020, he was Executive Director of personal and business banking retail and commercial banking business of Stanbic IBTC Holdings PLC that covers personal banking, including private banking, business (sole proprietor to SME) and commercial segments.

Until November 2018, Wole was Executive Director, Operations responsible for Operations, Group Real Estate Service and Procurement and Business Transformation Program for the Bank.

Before this appointment, he served as Executive Director of Business Support until November 2011. Wole has a wealth of banking experience spanning almost three decades in technology & digital transformation, domestic and international banking operations, program management, and retail banking.

He is credited with formulating and deploying strategies to help turn around Stanbic Bank Nigeria’s Operations and Technology.

Wole sits on the Nigeria-Interbank Settlement System PLC (NIBBS) board. He holds a first-class degree in Business Administration from the University of Benin and an MBA in Business Administration from the University of Manchester. He is a Fellow of the Institute of Chartered Accountants of Nigeria, an Associate of the Chartered Institute of Taxation and a Certified Information Systems Auditor.

Mohamad Darwish has over 20 years of experience working in the telecommunications sector and is IHS Nigeria’s Chief Executive Officer, overseeing IHS Tower’s largest market.

Mohamad Darwish has worked in various finance and technical functions and served as the Business Development Director and Deputy CEO before becoming the CEO of IHS Nigeria.

Mohamad is responsible for leading the team committed to growing IHS Nigeria’s operations and further strengthening its position as the leading tower company in Nigeria. He oversees the development of the IHS Nigeria strategic plan and the rollout of new sales strategies and manages key relationships with clients, regulators, ministries and NGOs.

As a member of the IHS Finance and Banking, Risk Management, Ethics, and Compliance committees, Mohamad also focuses on defining IHS Towers’ strategic plans on a group level while ensuring full compliance with international standards and best practices.

Mohamad is deeply committed to initiatives and programs that position African countries globally, inspire long-term economic growth, and promote sustainable business behaviour.

Mohamad holds a Master of Engineering in Applied Operation Research from Cornell University, a Master of Business Administration with Honours from Rollins College, and a Bachelor of Electrical Engineering from the American University of Beirut.

Olusegun Alebiosu was appointed the Managing Director/Chief Executive Officer of FirstBank of Nigeria Limited in June 2024. In addition to this role, he serves as a Non-Executive Director of FirstBank UK, further solidifying his leadership presence across the group’s international operations.

With over 28 years of experience in the Banking and Financial Services industry, Olusegun has demonstrated exceptional expertise and leadership in various roles. Between 2016 and 2024, he served as Executive Director, Chief Risk Officer, and Executive Compliance Officer at FirstBank.

His professional experience spans various disciplines, including credit risk management, financial planning and control, trade, corporate and commercial banking, agriculture financing, oil and gas, transportation (aviation and shipping), and project financing.

An accomplished academic, Olusegun is an alumnus of Harvard Business School, where he completed the Advanced Management Program and the Harvard Kennedy School of Government.

He holds a bachelor’s degree in industrial relations and Personnel Management and a master’s in international law and diplomacy from the University of Lagos.

Additionally, he earned a master’s degree in development studies from the London School of Economics and Political Science. Beyond the boardroom, Olusegun is an avid golfer and adventurer. He is happily married and a proud father, balancing his professional achievements with a fulfilling personal life.

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The Stanbic IBTC Bank Super App comes with six modules – My Bank, Mutual Funds, Pensions, @ease wallet, Insurance and Stocks, which makes it a true all-rounder.

The updated App offers a range of new features designed to streamline and simplify digital banking for business owners.

The enhanced version of the Stanbic IBTC optimized mobile App, was unveiled on Thursday, April 4, 2024, at the Stanbic IBTC Tower, Walter Carrington, Lagos.

Stanbic IBTC, reputed for its front-line, path-finding and customer centric, well thought out plans and execution has scored another first in its carefully conceived, diligently upgraded and enhanced version of its Mobile App.

According to Wole Adeniyi, the chief executive officer of Stanbic IBTC Bank, the optimized mobile app for business clients showcases the Bank’s dedication to innovation and customer-centric solutions and positions it as a trusted financial partner for businesses, supporting their growth and success in Nigeria’s dynamic business landscape.

The enhanced Mobile App for businesses provides a comprehensive suite of tools to manage finances efficiently. With an intuitive interface, users can execute transactions seamlessly, transfer funds between accounts,

Other pace setting features of enhanced mobile App includes its ability to check real-time balances, and manage beneficiaries respectively.

The Stanbic IBTC Bank Super App also offers instant access to transaction statements, self-service options, and robust security features to safeguard business operations.

Revealing more details about the capacity of the Optimized App, and how it  will revolutionized and bring succour to business owners and clients  alike,   through seamless and efficient banking activities.

Mr. Adeniyi speaking about the app said,

“We are thrilled to introduce the enhanced Stanbic IBTC Mobile App tailored specifically for our business clients. Our goal is to provide businesses with a seamless and efficient platform to conduct their banking activities, including transactions, statement requests, transfers, and more, all from the convenience of their mobile devices.”

The Stanbic IBTC boss, noted that the optimized Mobile App reflects Stanbic IBTC Bank’s commitment to innovation and digitization in supporting businesses in Nigeria.

The Bank aims to empower companies to reach their goals and achieve success by offering tailored solutions and enhanced features.

According to Mr. Adeniyi,

“This App enhancement is a significant step in ongoing efforts to simplify our banking processes and enhance customer experience through technology. With robust security measures and a user-friendly interface, our business clients can now manage their finances more efficiently and confidently”.

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