Sterling Bank CEO Boosts Ownership With Acquisition Of 50 Million Shares

Abubakar Suleiman, the Chief Executive Officer of Sterling Bank, has demonstrated his commitment to the institution by acquiring an additional 50 million shares of Sterling Financial Holdings Company Plc. 


The transaction, valued at N168 million, reflects Suleiman’s confidence in the bank’s future prospects.


This significant development was unveiled through an official corporate notice submitted to the Nigerian Exchange Limited on Friday. 


Suleiman, who holds a non-executive director position within the Holding Company (HoldCo), successfully completed the share purchase on the NGX trading floor on Thursday, securing each unit at a rate of N3.36.


In light of Sterling FHC’s recently released half-year report, it was disclosed that Abubakar Suleiman previously possessed a direct stake of 0.91 per cent in the company, amounting to a total of 262,668,608 shares.


 Following his latest acquisition, Suleiman’s ownership stake has now surged to an impressive 312,668,608 shares.


This strategic move not only reinforces Suleiman’s confidence in Sterling Bank’s trajectory but also underscores his active role in shaping the bank’s future direction. 


The CEO’s increased stake showcases his dedication to steering the bank towards continued growth and success in the dynamic financial landscape.


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