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. It now has 42 branches located in Lagos, Port Harcourt, Abuja, Ibadan, Kano, Kaduna, Maiduguri, Ota, Aba, Onitsha and Onne offering a wide range of products and services in Retail, Corporate and Institutional Banking. It employs over 900 employees and sees Nigeria as a growth centre.


  • 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
  • SCBN is delivering on ‘turbocharge’ expansion strategies for both Retail Clients (RC) and Corporate and Institutional Clients (CIC) businesses over the next three to five years
  • The Corporate and Institutional Clients (CIC) business in Nigeria consists of Client Coverage, Financial Markets, Transaction Banking, Corporate Finance and Principal Finance.
  • CIC provides its clients with a wide range of commercial banking solutions, offering cost-effective collections and payments services. It continues to take advantage of trade corridor opportunities, thereby positioning Standard Chartered, for example, as the Bank of Choice for Chinese Corporates and the market leader in RMB clearing capabilities
  • CIC has also built a distinctive capability in Corporate Finance and Financial Markets, leveraging on Group product expertise and local knowledge to deliver solutions to our clients. Recent advisory and financing deals for NNPC, PXF, Arik Air, Indorama Petrochemicals and Dangote Industries Limited have further raised our profile in this space
  • While the majority of the bank’s Trading Profit is generated by CIC, the RC business momentum is excellent
  • The Retail Clients (RC) business in Nigeria consists of Wealth Management (WM), Priority & International Banking (PIB) and Small & Medium Enterprise (SME),
  • Breeze - our mobile banking app was recently launched to provide our customers with convenient, secure, anytime, anywhere Banking
  • Our purpose-built SME centre at Opebi Lagos serves as a hub specifically dedicated to serving our SME clients
  • 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
  • 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


  • 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.
  • CBN 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 42 branches presently with more scheduled for completion by the end of the year
  • Currently, there are over 80,000 clients of the bank


  • 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.
  • SCBN focuses on various community initiatives, including Seeing is Believing, LwHIV and Goal (our life skills empowerment program for adolescent girls). Our stamp is boldly imprinted with ‘giving back to the communities in which we operate’. There is continuous intervention in the prevention of blindness and support for the visually challenged; HIV/AIDS awareness (internally and externally) and the empowerment of adolescent girls through life skills and healthcare. On the Seeing is Believing initiative, for example, the bank holds annual fund raiser charity events. In 2014, the bank organized a charity walk tagged, ‘’Walk for Sight’’ which attracted over 1,000 guests and raised over USD 70,000; enough funds to restore sight to over 2,000 people with cataract-induced blindness. To date, through 9 consecutive events, we have raised over USD 900,000


  1. Sir Oluremi Omotoso, MFR - Chairman
  2. Bola Adesola - Managing Director/Chief Executive Officer
  3. Yemi Owolabi - Executive Director, Finance
  4. Remi Oni - Executive Director, Corporate & Institutional Clients
  5. Sunil Kaushal - Non-Executive Director
  6. Louise Vogler - Non-Executive Director
  7. Mansa Nettey - Non-Executive Director
  8. Dr. Muhammed Imam Yahaya, OFR - Non-Executive Director
  9. Sola Adepetun - Non-Executive Director
  10. Seye Kosoko - Company Secretary


  1. Bola Adesola - Managing Director/Chief Executive Officer
  2. Yemi Owolabi - Executive Director, Finance, Nigeria and Regional CFO, West Africa
  3. Remi Oni - Executive Director, Corporate & Institutional Banking (CIB), Nigeria and West Africa/ Head, International Corporates, West Africa
  4. Ebehijie Momoh - Head, Retail Banking
  5. Segun Odusanya - Head, Commercial Banking, Nigeria and West Africa
  6. Callistus Obetta - Chief Information Officer & Head, Information Technology and Operations
  7. Kike Ajeigbe - Head, Human Resources
  8. Mobola Faloye - Chief Risk Officer and Head, Operational Risk, Nigeria
  9. Olusiji Adeyinka - Head, Compliance


We have a steadily increasing branch network. We currently have 42 branches located in Lagos, Port Harcourt, Abuja, Ibadan, Aba, Kaduna, Maiduguri, Onne, Onitsha, Ota and Kano:

  • 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
  • 20B, Aba –Owerri road, Aba
  • 102, Moshood Abiola Way Ring-Road, Ibadan, Oyo
  • Plot 1 & 2C Kachia Road, Kaduna
  • 8C Murtala Mohammed Way, Kano
  • Kachim Ibrahim way, Maiduguri, Borno
  • 49 New Market Road, Onitsha
  • Km 3, Idi-Iroko Road, Otta , Ogun
  • 40. Free Trade Zone, Intels Compound, Onne, Port-Harcourt, Rivers
  • 45, Murtala Mohammed Way, Calabar
  • Sovereign Trust House, Alabaka Junction, Akure
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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.