STL Trustees emerges best Non-Interest Trustees of the Year 2017


Foremost Nigerian Trustee company, STL Trustees Limited, reaffirmed its position as a leading brand in the Nigerian corporate trust industry with its recent recognition as the “Non-Interest Trustees of the Year 2017″ during the 3rd African International Conference on Islamic Finance organized by The Metropolitan Skills Limited in conjunction with the Islamic Finance Council and the Islamic Finance Institute of Southern Africa.

This award category is the first of its kind in the history of the African International Conference on Islamic Finance and STL is being awarded in recognition of its competence and expertise in delivering cutting-edge trust solutions in the area of non interest financial instruments which is fast evolving in Nigeria.

It would be recalled that STL Trustees Limited is a delegate Trustee to the first Sukuk Issuance in Nigeria, the State of Osun Sukuk Al-Ijara which was issued by the government of the State of Osun to finance the construction of modern elementary, middle and High schools in the State. Also, the company  currently acts as Trustees to some emerging Sub-Sovereign and Sovereign-Backed Sukuk Issues, Corporate Sukuk Issues as well as a couple of ongoing Ethical Funds. STL was also recently appointed as a Delegate Trustee to the first sovereign Sukuk to be issued in Nigeria, the N100B FGN Road Sukuk 1.which was issued by the Federal Government to fund the construction and rehabilitation of some roads across the six geo-political zones in the country.

STL Trustees Limited has been an active Capital Market Operator specializing in Trusteeship and Funds/Portfolio Management for over two decades. The Company was formerly a fully owned subsidiary of Skye Bank Plc before its evolution into STL Trustees Limited after the divestment of the Bank from the ownership of the Company, which today is a leading trust company in Nigeria.

Speaking on the operating culture that differentiates STL Trustees from the rest, Funmi Ekundayo, the company’s CEO, said: “We believe so much in our core values which include commitment, innovation and professionalism. Our business model is unique to us and we believe strong in constantly innovating our business model because we operate in an industry that evolves by the day and is extremely dynamic.  This is why at STL Trustees, we continuously train and retrain ourselves towards ensuring that we continuously deliver quality service with the required speed and innovation to excite our clients.”

STL Trustees has consistently played a leading role in Nigeria’s trust industry and the brand serves as a role model within the industry due to its bias for topnotch trusteeship services and innovation.


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