Stanbic IBTC Holdings PLC has announced the approval of a final dividend payout of ₦3.00 per ordinary share following resolutions passed at its 13th Annual General Meeting (AGM) held on Thursday, May 15, 2025, at Eko Hotel & Suites, Victoria Island, Lagos.
The dividend, recommended by the Board and approved by shareholders, will be paid on Friday, May 16, 2025, to shareholders on the company’s register as of the close of business on April 11, 2025.
This dividend is in line with the Group’s commitment to delivering shareholder value while maintaining operational efficiency and growth.
In addition to the dividend declaration, shareholders ratified several key resolutions, including the re-election of three directors – Dr. Babs Omotowa, Mrs. Ndidi Nwuneli (MFR) and Prof. Fabian Ajogwu (OFR, SAN) – who retired by rotation in accordance with the Companies and Allied Matters Act (CAMA) 2020 and were duly re-elected.
Shareholders also confirmed the appointment of Mrs. Maryam Aliko Mohammed to the Board, following the receipt of all necessary regulatory approvals.
Her addition is expected to strengthen the Board’s diversity and deepen the company’s governance expertise.
Furthermore, the company approved:
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The remuneration of external auditors, with the Board authorised to fix the fees for the 2025 financial year.
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The re-election of Mr. Samuel Ayininuola, Mr. Olatunji Bamidele, and Mr. Ibhade George as shareholder representatives on the Audit Committee for the financial year ending December 31, 2025.
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The total Directors’ fees for the financial year ending December 31, 2025, set at ₦681 million.
In line with regulatory compliance, shareholders granted a General Mandate for related party transactions required for Stanbic IBTC’s day-to-day operations. This mandate will remain in effect until the next AGM scheduled for 2026.
The meeting was presided over by Olusola David-Borha, Chairman of the Board, while Kunle Adedeji, Acting Chief Executive of Stanbic IBTC Holdings PLC, led the management team in presenting the Group’s operational and financial performance.
Stanbic IBTC remains a leading financial services institution in Nigeria, operating as part of the Standard Bank Group. The company continues to maintain a strong governance framework, with focus on growth, regulatory compliance, and sustained value delivery to its stakeholders.
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