Basil Omiyi appointed as chairman of Stanbic IBTC

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​Basil Omiyi has been appointed by the Board of Directors of Stanbic IBTC Holdings Plc, as the Chairman of the Board with effect from 15th May, 2017​.

The announcement ​follow​ed​ the approval of all re​levant ​regulatory bodies in the financial sector.

Omiyi succeeds Atedo Peterside, CON, as the Chairman of the Board following Peterside’s resignation as a Non-Executive Director and Chairman of the Board on 31 March 2017.

​A​ statement from the bank, ​recalled that Basil Omiyi was appointed as a Non-Executive Director of the Company in March 2015.

“He spent most of his career at Royal Dutch Shell in various roles both in Nigeria and Europe, including Head of Production Technology, Chief Petroleum Engineer, Managing Director of Shell Petroleum Development Company of Nigeria Ltd, and ultimately country Chairman of Shell Nigeria”​,​ the statement stated.

​Omiyi is currently an Independent Non-Executive Director on the Board of Seplat Petroleum Development Company Plc.

He has also held a number of Board memberships and senior advisory positions including; Chairman of Greenacres Energy Limited, Chairman of the Nigerian Upstream Industry Group, Board member of the Nigerian Business Group of New Partnership for Africa’s Development (NEPAD) and Nigerian Extractive Industry‎.

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