For the second consecutive year, STL Trustees has emerged “Trustees of the year” at the annual BusinessDay Banks’ And Other Financial Institutions (BAFI) Awards, universally recognized as the benchmark of excellence in Nigeria’s financial services industry.
The 7th edition of the event which held recently in Lagos, was organised to identify and celebrate the financial institutions and leaders that have excelled across a number of areas, including financial performance, shareholder value creation, brand value growth, corporate governance, sustainability, employment of new technology, compliance, innovation, and contribution to the industry’s overall growth.
Collecting the award on behalf of STL Trustees, the Company’s Managing Director & Chief Executive Officer Funmi Ekundayo said:
“It is a great honour to be recognized by BusinessDay media Limited as the Trustees of the year. Last year, when the award to recognize leading financial institutions in the non-banking financial sector was introduced, STL Trustees won the maiden edition of the Trustees of the year award and we are happy to win it again. We thank our clients for the trust they have reposed in us over the years and we salute every other Stakeholder who contributes their quota towards building a virile and respected Brand that continues to innovate its business model with a view to providing unparalleled trusteeship services to its clients. We owe this recognition to them.”
About STL Trustees
STL TRUSTEES LIMITED (STL) is a Corporate Trustee, registered and authorized by the Securities & Exchange Commission to carry out the dual functions of Trusteeship and Funds/Portfolio Management.
With over two decades of Trusteeship experience, the Company through sound business ethics and innovation has built an outstanding Track Record and Pedigree and is currently the leading Trustee Firm in Nigeria with a business size in excess of N1 Trillion and Financial Position in excess of N40bn.
The Core areas of the Company’s Trust business include Trusteeship of Bond Issues, Debenture Trust Issues under Consortium Financing/Loan Syndications and Project/Structured Finance and Collective Investment Schemes (including REITs). Other areas of our business include Private Trusts and Estate Planning Services, Real Estate Trusts, Employee Benefit Schemes, Custodial Services and Nominee Services.
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As a leading Trustee firm in Nigeria, STL possesses significant transactional experience in almost all sectors and segments of the economy.
The Company’s Key Achievements include acting as Trustee on novel transactions such as:
- The debut Federal Government of Nigeria N100BN Sukuk;
- the Sub-National Sukuk Bond Issue which is the N11.4Billion Osun Sukuk (Ijara) Bond;
- The Lotus Halal Fixed Income Fund a Sukuk Collective Investment Scheme; and
- Local Contractors Receivables Management Bond issue.
In addition, STL acts as Trustees to a significant number of Public and Corporate Debt Issues and renders funds management services with respect to the various Sinking Funds.