Stanbic IBTC’s CEO, Demola Sogunle, increases stake in lender

The Chief Executive Officer of Stanbic IBTC Holdings Plc, Demola Sogunle, has increased his stake in the Deposit Money Bank (DMB).

Sogunle acquired 1.52 million shares between March 21 and 24, 2023, a corporate document notifying shareholders and the investing public disclosed.

The bank chief paid N56.35 million to purchase the 1.52 million shares on the Nigerian stock exchange to raise his total stake in the firm to 4.93 million which is worth N185.70 million.

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