In 1965, the Standard Bank of South Africa merged with the Bank of West Africa acquiring businesses including a banking operation in Nigeria, which dated back to 1894. The name was then changed to Standard Bank of West Africa. Four years after the merger, Standard Bank Nigeria was incorporated locally to take over the business in Nigeria. In 1971, 13% of the share capital was placed with Nigerian investors. The end of the civil war saw a major economic upturn and as a consequence, the military government sought to increase local control of the retail-banking sector, hence the Bank’s investment in Standard Bank Nigeria (renamed First Bank of Nigeria in 1979) was reduced to 38%. Standard Chartered remained a shareholder of First Bank of Nigeria until 1996.

Standard Chartered re-entered Nigeria in 1999 and opened to customers on 15 September 1999 as a wholly owned subsidiary of Standard Chartered Bank Plc, headquartered in United Kingdom.

Today, the Bank offers a wide range of products and services in Retail; Wealth Management; Commercial; Corporate and Institutional; Private and Transaction Banking business. Standard Chartered employs over 905 staff and sees Nigeria as a growth centre. There are about 35 branches, with ATMs in each branch, located in Lagos, Port Harcourt, and Abuja. The new ultra-modern Nigeria Head Office was opened in 2014.


  • Nigeria is a very attractive and fast growing market for Standard Chartered Bank Nigeria (SCBN)
  • Banking sector reforms are a core part of Nigeria’s broad economic restructuring programme. In Q4 2005, the Standard Chartered Group injected US$147m in new equity to meet the minimum capital requirement of US$185m – recognition of the importance of SCBN to the Group franchise
  • The organic growth strategy of SCBN is delivering substantial growth in profitability. Despite the challenges in the external environment, SCBN has consistently achieved stunning results due to best-in-class cost management and strong asset book management
  • The Bank is committed to achieving profitable growth in its core businesses which include Corporate and Institutional Banking (CIB), Retail Banking (RB) and Commercial Banking (CB)The Corporate and Institutional Banking (CIB) business in Nigeria consists of the Relationship Management and Client Coverage teams, supported by the Client and On-Boarding Management (COBAM) team and product partners in Transaction Banking, Financial Markets, Corporate Finance and Capital Markets.
  • CIB business leverages on the bank’s international footprint in offering tailored products to meet clients’ needs. These include trade, cash management and custody which are available on the Bank’s robust Straight2Bank platform. The business also has a strong reputation for providing best-in-class FX and derivative solutions.
  • CIB capitalizes on local knowledge and product expertise to deliver Corporate Finance and Capital Market solutions. Leveraging on our core capabilities, notable transactions have been in executed in key sectors of the economy including Oil and Gas, Telecoms and FMCG as well as Financial Institutions. This has strategically positioned the Bank to deepen relationships with core clients and contribute towards the development of key sectors of the economy. We continue to be Here for Good and Here for Africa.
  • The Commercial Banking (CB) team commenced in-country operations in the second half of 2015 and offers trade, cash, FX and lending solutions to mid-sized companies of annual turnover of between $10million and $1.5billion. The CB business is a combination of Local Corporates, Middle Markets and SME businesses.
  • Key focus sectors of the CB business are manufacturing, oil services, telecoms, information technology, trading companies/distributors and exports.
  • CB manages the Banks Ecosystem penetration initiatives and strategically covers key Nigerian cities with teams of relationship managers.
  • In conjunction with the Corporate finance team, CB is able to provide tailor made debt or equity solutions to her client mix
  • Retail Banking’s (RB) strategy is to Bank all our individual clients throughout their life journey, from college loans and mortgages to wealth management and retirement. For Business Clients, we are supporting their journey from lending and cash management to trade.
  • RB’s business drive along its various segments: Business Clients, Priority Clients and Personal Clients continues trend at an upward trajectory.
  • While the majority of the Bank’s Trading Profit is generated by CIB, momentum in our other businesses is excellent and continues to grow.
  • Standard Chartered Mobile - our mobile banking app continues to provide our customers with convenient, secure, anytime, anywhere Banking
  • We have maintained strong cash management capabilities to ensure that this critical aspect of our clients’ businesses is met effectively in what remains essentially a cash based and cash driven society
  • We continue to lead the way in the upstream oil industry, having led and advised on most of the major upstream deals in the market in the past three years.
  • We believe in the development of the Financial Services Industry and actively support our regulators and the government. We participate in the Nigeria Bankers’ Committee Sub-Committee on Economic Development which is working with stakeholders to increase the contribution of banks to the development of the real sector of the economy
  • ISO Certification – we were one of the first banks in Nigeria to get certified
  • SCBN takes pride in its successful mentoring programme for staff and aggressively manages talent using a whole raft of initiatives which include cross-functional moves, internal job watches, organization learning interventions and attachments within and outside of Nigeria. We continue to invest in our people, massively multiplying our leadership capacity which has culminated in key leadership positions across the Group being occupied by local talent.
  • We have also developed a ‘pay for performance’ culture and for the last few consecutive years, enjoyed one of the lowest critical staff turnovers in the industry - a testament to our staff engagement culture. By combining global capability with deep local knowledge and creativity we are positioned to outperform our competitors
  • SCBN has created a significant presence in Nigeria where we are one of the country’s most respected financial institutions. We consistently strengthen our operational risk framework which has reduced operational losses to record lows in the past few years
  • We continue to balance the pursuit of our growth with firm control of costs and risks


  • Best Syndicated Loan prize for the IHS/MTN $800Mn tower acquisition in Nigeria – 2014 EMEA awards.
  • Global Finance Award for the Best Treasury and Cash Management Business in Nigeria.
  • Ranked Number One Bookrunner and Mandated Lead Arranger in SSA by Bloomberg and Deal Logic (on volume and deal count).
  • Best Treasury and Cash Management Providers Award by Global Finance - 2015
  • Top 100 Businesses in Nigeria Award from H.E G.E Jonathan, Former President of the Federal Republic of Nigeria 2014
  • Social Media Initiative and Wealth Management of the Year Award in West Africa by the Asian Banker - 2015


  • SCBN has a strong reputation for delivering the highest standards of international governance – a competitive advantage and a differentiator.
  • We continue to set governance standards in the countries we operate in by migrating FSA best practices, e.g. KYC, AML, etc.
  • We actively engage with all our Governments and Regulators to share our skills and expertise and work in partnership to support sustainable development.
  • SCBN is currently Sovereign Ratings Advisor to the Federal Government through the Ministry of Finance


  • We operate in a very dynamic environment with limitless opportunities for growth. We are well positioned for this growth and continue to focus on our growth plans.
  • With over 900 dedicated staff, our branch network has expanded from 3 branches in 2003 to 4about 40 branches presently with more scheduled for completion by the end of the year
  • Currently, there are over 80,000 clients of the bank


  • SCBN continues to focus on various community development initiatives including Seeing is Believing (our initiative developed to tackle avoidable blindness), LwHIV/AIDS (designed to create awareness internally and externally on HIV/AIDS through education and free medical tests) and GOAL (our life skills empowerment program for adolescent girls in rural communities). Our stamp is boldly imprinted with giving back to the communities in which we operate.
  • We aim to make a positive contribution to the communities that we operate in through our various initiatives that link our core business activities, expertise and resources with the key issues facing these communities. For example, the Bank holds various fund raising events for the ‘’Seeing is Believing’’ initiative, including ‘Walk for Sight’, which have been hugely successful. To date, through 9 consecutive Walk for Sight events, we have raised over USD 1mn to fund corrective surgeries and eye care treatment for people affected by eye related diseases including cataracts and glaucoma.
  • As indicators of SCBN’s impact on the community, the bank’s HIV awareness education campaign has reached over 700,000 Nigerians in partnership with Lagos State Government
  • Goal, the bank’s empowerment programme for adolescent girls has empowered over 65,000 young girls till date since 2011; making it the most successful in terms of reach within the Group


  1. Alhaji Muhammed Imam Yahaya - Chairman, Non Executive Director
  2. Bola Adesola - Managing Director
  3. Sola Adepetun - Non Executive Director
  4. Kyari Abba Bukar - Non Executive Director
  5. Richard Etemesi - Non Executive Director
  6. Louise Vogler - Non Executive Director
  7. Emmanuel De Groote - Non Executive Director
  8. Yemi Owolabi - Executive Director
  9. Mobola Faloye - Executive Director
  10. Leke Ogunlewe - Executive Director
  11. Sola Mabadeje - Company Secretary


  1. Bola Adesola - Managing Director/Chief Executive Officer
  2. Yemi Owolabi - Executive Director, Finance, Nigeria and Regional CFO, West Africa
  3. Leke Ogunlewe – Head of Banking
  4. Ebehijie Momoh – Head, Retail Banking
  5. Yetunde Oni – Head, Commercial Banking
  6. Mobola Faloye – Chief Risk Officer
  7. Olusiji Adeyinka – Head, Compliance
  8. Rachael Asonibare – Chief Information Officer & Head, Information Technology and Operations
  9. David Adepoju – Head, Financial Markets, Nigeria
  10. Syed Khurrum Zaeem – Head, Transaction Banking, Nigeria
  11. Yemisi Tayo-Aboaba – Head, International Corporates
  12. Dayo Aderugbo – Head, Corporate Affairs, Brand & Marketing, Nigeria
  13. Simpa Adaba – Head, Wealth Management


We have a steadily increasing branch network. We currently have over 40 branches located in Lagos, Port Harcourt and Abuja

  • No. 142, Ahmadu Bello Way, Victoria Island, Lagos (Head Office)
  • No. 105B, Ajose Adeogun Street, Victoria Island, Lagos
  • No. 40, Warehouse Road, Apapa, Lagos
  • No. 30, Aromire Street, Ikeja, Lagos
  • No. 37A, The Palms Mall, Lekki Peninsular, Lagos
  • Plot 1681 Sanusi Fafunwa Street, Victoria Island, Lagos
  • No. 122/132 Apapa-Oshodi Expressway, Isolo – Afprint Isolo, Lagos
  • No. 138, Broad Street, Lagos
  • K23 Ikota Shopping Complex, Lekki-Epe Expressway, Lagos
  • No.184, Awolowo Road, Ikoyi, Lagos
  • No. 56, Town Planning way, Ilupeju, Lagos
  • No. 47, Isaac John Street, GRA Ikeja, Lagos
  • No. 35 Opebi Road, Ikeja, Lagos
  • Shop G2 and G3, City Mall, Onikan, Lagos
  • Plot 94, Block 24, Lekki Scheme Phase 1, Eti-Osa LGA, Lekki, Lagos
  • Ground & First Floor, Surulere Leisure Centre, Adeniran Ogunsanya Street, Lagos
  • 72A, Adetokunbo Ademola, Victoria Island, Lagos
  • Polysonic Plaza, 1B Point road Apapa, Lagos
  • 21/22 Marina, Lagos
  • Plot 6/7, 1st Avenue, Festac Town, Lagos
  • Plot 42 Acme Road/34 Lateef Jakande Street, Agidingbi, Lagos
  • 279, Herbert Macaulay, Yaba
  • Plot 3174 Adetokunbo Ademola Crescent, Wuse II, Abuja
  • D’alibro Shopping Mall, Suite G13, 32 A.E. Ekukinam street, Utako district, Abuja
  • Tswanya Centre; Plot 1517/1518 Mohammadu Buhari Way, CBD, Garki, Abuja
  • Zamani Complex; 1 Zambezi Crescent; 1405 Cadastral Zone A05, off Aguiyi Ironsi Street, Maitama, Abuja
  • 84 Kwame Nkrumah Crescent, Asokoro, Abuja
  • NNPC Towers, Herbert Macaulay Way, Central Business District, Abuja.
  • Silverbird Galleria, Plot 1161, Memorial Drive, Central Business District
  • 143, Aba road, Port-Harcourt, Rivers
  • Plot 7, Trans-Amadi Industrial Layout, Port-Harcourt, Rivers
  • Shell RA, 420 Aba Road Opposite Shell RA Port Harcourt Rivers State
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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.


Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.