Stanbic IBTC’s Boss, Sola David-Borha Allegedly Insults Her EDs…Earns N177m As Salary

Stanbic IBTC's Sola David BorhaNews reaching us has it that the financial institution of repute, Stanbic IBTC’s Managing Director/CEO, Mrs. Sola David-Borha has become the Margaret Thatcher of the bank as her Executive Directors are always jittering whenever she calls for any urgent meeting. Reason for their displeasure in holding a meeting with her is that, nothing they say counts.

“Sola David-Borha runs the bank with no consultation with relevant Executive Directors of the organization, considers herself the sole decision maker of Stanbic IBTC and treats its directors as being irrelevant to the bank, “ an inside source told us.

Also, it was gathered by naijahottestgists that she is fond of insulting directors and staff members when she addresses them. In most cases, she allegedly calls them names and talks to them anyhow and with disdain. Our source revealed that she is an arrogant person per excellence. She is said to have respect only for the Chairman of Stanbic IBTC group, Atedo N. A. Peterside.

It is on record that Mrs. Sola David-Borha is one of the highest paid CEOs in Nigeria, while she is the highest paid director in Nigeria’s banking sector, with basic annual remuneration of N177m. When this amount is broken down, it becomes N484, 931 daily, including weekends when she may have no reason to go to work.

Sola David-Borha serves as the Chief Executive Officer of Stanbic IBTC Holdings PLC (a member of Standard Bank Group). Prior to this, she served as the Chief Executive Officer of Stanbic IBTC Bank PLC.She was Deputy Chief Executive Officer of Stanbic IBTC Bank PLC from March 2008 to April 2011 and also served as Head of Investment Banking Coverage for Sub-Saharan Africa (excluding South Africa).

She currently serves as a Director of Stanbic IBTC Bank PLC & Stanbic IBTC Pension Managers Limited and is Chairman of Stanbic IBTC Capital Limited, Stanbic IBTC Stockbrokers Limited and Stanbic IBTC Asset Management Limited. She is a director of CR Services (Credit Bureau) PLC. . She was responsible for overseeing the Corporate Finance and Corporate Banking Departments, Project and Structure Finance Departments, Asset Management, and Private Banking. She also supervises Treasury and Financial Services and is also responsible for the Bank’s correspondent banking relationships.

Mrs. David-Borha holds a B.Sc. Economics degree from the University of Ibadan, and an MBA from Manchester Business School, United Kingdom. Her executive educational experience includes the Advanced Management Programme of the Harvard Business School.

She is a fellow of the Chartered Institute of Bankers (CIBN) and the Vice Chairman of the Nigerian Economic Summit Group

Culled from mikeangelo blog.