The rumours of Mr. Asue Ighodalo, Chairman of Sterling Bank Plc, contesting as Governor of Edo State has understandably created unease among shareholders and investors. The Nigerian political climate's uncertainty and the potential consequences for the bank's fortunes have left many concerned. Urging Mr. Ighodalo to resign from the bank will help allay fears and uphold the interests of shareholders and investors.

The shareholders also worry that the rumour that he is contesting under the PDP which is an opposition party could also affect the bank.

Maintaining a Distinct Focus:

The simultaneous pursuit of political aspirations while holding the position of Chairman poses a critical conflict of interest that must be acknowledged. Shareholders and investors are rightfully worried about the potential for misusing the bank's resources to further political ambitions. Resigning from Sterling Bank would ensure a clear separation of interests and alleviate concerns surrounding the bank's stability.

Preserving Shareholder and Investor Confidence:
The interests and financial stability of a bank heavily rely on the trust and confidence bestowed upon it by shareholders and investors. Mr. Ighodalo's continued involvement as Chairman while actively pursuing a political career risks undermining this trust, potentially leading to a loss of investment and credibility. Resigning from Sterling Bank would demonstrate a commitment to preserving shareholder confidence and safeguarding their investments.

Avoiding Disruption and Uncertainty:
A smooth transition of leadership is essential in safeguarding the bank's operations and ensuring its uninterrupted growth. With Mr. Ighodalo at the helm, concerns arise regarding the potential interruption caused by his political commitments. Resignation would allow the bank to appoint a competent successor, providing stability and reassurance to shareholders and investors amidst the uncertainties of the Nigerian political landscape.

Minimizing Risks and Upholding Transparency:
By resigning, Mr. Ighodalo would play a pivotal role in mitigating potential risks associated with the misuse of the bank's funds and resources for political ends. This act would demonstrate an unwavering commitment to maintaining transparency and ethical practices, reassuring stakeholders that Sterling Bank's interests are being safeguarded with utmost integrity.

Fostering Stakeholder Engagement:
Respecting the concerns and apprehensions expressed by shareholders and investors is essential in maintaining a positive and collaborative relationship. By voluntarily resigning, Mr. Ighodalo would acknowledge the significance of their worries and align his actions accordingly. This act of engagement and responsiveness would strengthen trust and reinforce the belief that the best interests of the bank and its stakeholders are at the forefront.

Stakeholders believe that in order
In order to mitigate the potential negative impact of a Chairman simultaneously pursuing political ambitions, a call to Mr. Asue Ighodalo to resign from his position at Sterling Bank Plc becomes essential. Such a decision would demonstrate his commitment to the bank, its shareholders, and investors, as well as acknowledge their concerns. With a clear focus on politics or by allowing the bank to appoint a capable successor, Mr. Ighodalo can ensure stability, transparency, and sustained growth within Sterling Bank, thereby safeguarding the trust and confidence placed upon it by its stakeholders.