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Stanbic IBTC makes management changes

Nigeria's Stanbic IBTC Holdings Plc named Yinka Sanni CEO, with effect from Jan. 19.

Sanni replaced Sola David-Borha, who resigned to become CEO of the rest of Africa business at Stanbic IBTC's ultimate parent, South Africa's Standard Bank Group Ltd.

Sanni was previously CEO of Stanbic IBTC Bank Plc. Demola Sogunle, who was the bank's deputy CEO, took over Sanni's duties, effective Jan. 25.