Nigeria’s Sterling Bank appoints Femi Jaiyeola as Chief Compliance Officer

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Sterling Bank disclosed that it has appointed Mr. Femi Jaiyeola as the Chief Compliance Officer. The appointment was announced through a notification letter sent to the Nigerian Stock Exchange (NSE).

It was also stated in the notification sent that the appointment has been confirmed by the Central Bank of Nigeria (CBN).

Femi Jaiyeola is a seasoned professional with over 20 years’ experience in the Financial Services Industry. Prior to joining the Sterling Bank team in April 2019, Femi was a General Chief Compliance Officer at the now defunct Diamond Bank Plc.

Jaiyeola was previously the Head of Audit, Nigeria and West Africa Cluster at Standard Chartered Bank. Highlights of his international experiences include six years with UK Financial Service Industry as Vice President in Internal Audit, Internal Auditor in Citigroup and Barclays Bank.

According to Sterling Bank, Jaiyeola brings to the Sterling team the knowledge, skills, and vast experience that he has garnered locally and internationally across Europe, Africa, and the Middle East. His vast experience covers Risk Management, Banking Operations, Business Advisory, Internal Audit, External Audit, and Compliance.

Jaiyeola’s  academic background shows that he holds a bachelor’s degree in Accounting from the University of Ilorin and Master’s degree in Finance and Investment from the University of Edinburgh, Scotland.

He is also a fellow of the Institute of Chartered Accountants of Nigeria, a Certified Information System Auditor, and a member of the Board of Audit Investigations and Forensic Accounting.

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