STL Trustees Exceeds N2bn Recapitalization Milestone

STL Trustees Limited has announced that it has surpassed the N2 billion recapitalization threshold, achieving over N2.5 billion in shareholder funds, which exceeds N20 billion. This significant milestone was disclosed during a media parley commemorating the firm's 30th anniversary, marking its incorporation in 1996.

Mr. Funmi Ekundayo, Managing Director and CEO of STL Trustees, emphasized the company's commitment to becoming a market leader in Nigeria and expanding its services across Africa over the next five to ten years.

The company aims to deepen its expertise, leverage technology, and expand its footprint in the African market. STL Trustees has established itself as a prominent brand in Nigeria's capital market, executing transactions in bond issuance, sukuk, and collective investment schemes.

The recapitalization milestone indicates the company's financial health and readiness to support next-generation trust services, aligning with their strategic growth plan anchored on three pillars: sector expertise, technology-driven services, and regional expansion.