Stanbic IBTC Holdings Shareholders Approve N4 Dividend, Re-Elect Directors at 14th AGM
Shareholders of Stanbic IBTC Holdings have approved a final dividend of N4 per ordinary share for the 2025 financial year following the company’s 14th Annual General Meeting held in Lagos on Monday, May 25, 2026.
The dividend, recommended by the Board of Directors, was approved for shareholders whose names appeared in the company’s register as of the close of business on May 4, 2026. Payment was scheduled for Tuesday, May 26, 2026.
At the meeting held at Eko Hotel & Suites in Victoria Island, shareholders also approved the re-election of Sola David-Borha, Ballama Manu and Kunle Adedeji as directors of the company following their retirement by rotation in line with the Companies and Allied Matters Act 2020.
Shareholders further approved the appointment of Chukwuma Nwokocha as a director of the company.
In addition, shareholders ratified the appointment of Ernst & Young Nigeria as the company’s external auditor until the conclusion of the next annual general meeting. The board was also authorised to determine the auditors’ remuneration for the ensuing year.
For the audit committee, shareholders re-elected Samuel Ayininuola, Olatunji Bamidele and Ibhade George as shareholder representatives for the financial year ending December 31, 2026.
The meeting also approved directors’ fees of N804.53 million for the 2026 financial year.
Shareholders further granted the group a general mandate to continue entering into recurrent related-party transactions necessary for its day-to-day operations in compliance with the rules of NGX Regulation Limited governing transactions with related parties and interested persons.
According to the resolution, the mandate will remain effective until the company’s next annual general meeting scheduled for 2027.
The resolutions were signed by Chidi Okezie, Company Secretary of Stanbic IBTC Holdings.
