As it charts a daring Africa-wide vision, Nigeria’s leading independent trust business has recorded capital exceeding N2.5 billion and shareholders’ funds over N20 billion.
Nigeria’s leading non-bank-affiliated trust company, STL Trustees Limited, has introduced its 30th anniversary logo, commemorating the milestone with a proclamation of market leadership and a resolute commitment to regional expansion throughout Africa.
With capital reaching N2.5 billion and shareholder funds exceeding ₦20 billion, the firm has exceeded the N2 billion recapitalization criteria set by the Securities and Exchange Commission (SEC) for trusteeship corporations, well ahead of the statutory deadline.
This was revealed yesterday during a press conference honoring the company’s 30-year history since its founding in 1996.
Since then, STL Trustees has developed into a prominent brand in Nigeria’s capital markets, handling bond issuance, Sukuk structuring, collective investment scheme (CIS) trusteeship debentures, and syndicated lending with an institutional depth and balance sheet that few trust companies on the continent can match.
Mrs. Funmi Ekundayo, Managing Director/CEO of STL Trustees Limited, stated, “Our vision is to position STL Trustees as a reference point for trusteeship services across Africa, not just a market leader in Nigeria.” We want to continue setting the bar for excellence in the trusteeship subsector, broaden our service offerings through technology, and deepen our knowledge over the next five to ten years.
Additionally, Ekundayo presented an ambitious five-to ten-year growth strategy based on three pillars: increased presence in African markets, technology-driven service innovation, and deepened industry expertise.
STL Trustees has been at the center of Nigeria’s most intricate capital market operations for more than thirty years.
The company has acted as trustee to some of the biggest collective investment schemes in Nigeria, served as a security agent and trustee in multi-billion-naira bond programs and Sukuk issuances for state governments, and offered corporate trust and estate planning services to individuals, families, and organizations throughout Nigeria.
One important measure of the company’s financial stability and strategic preparedness is the recapitalization milestone.STL Trustees stated that the company is well-positioned to take on bigger mandates, broaden its service offering, and invest in the digital infrastructure needed to enable next-generation trust services because shareholders’ holdings exceed N20 billion.
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