Adebimpe Olambiwonnu is a financial professional with over thirty years of experience in the banking sector. She is the Chief Financial Officer (CFO) of Sterling Financial Holdings Company in Nigeria.
Olambiwonnu joined the organisation in July 2023, bringing a wealth of experience in financial management and strategic planning. In her role, she oversees the company’s financial operations, ensures compliance with regulatory standards, and drives financial strategies that align with the company’s objectives.
Sterling Financial Holdings Company is a diversified financial institution committed to becoming Nigeria’s preferred go-to plug for investment capital. The company partners with stakeholders and clients through its subsidiaries, including Sterling Bank and The Alternative Bank, to enrich their lives and businesses.
Thus, in December 2024, Adebimpe Olambiwonnu led the company to secure approval from the Central Bank of Nigeria (CBN) for ₦75 billion in its capital raise, marking the final phase of an ambitious recapitalisation plan. The process included a successful private placement in September 2024, followed by a Rights Issue in October, and was projected to culminate in a Public Offer in early 2025.
These efforts have strengthened Sterling’s capital base, positioning it to pursue transformative opportunities and deliver sustainable value across critical sectors of the Nigerian economy.
Since assuming the CFO role, Sterling Financials has experienced robust financial growth. In the fiscal year ending 31st December 2023, the company reported a profit after tax of ₦21.60 billion. By the end of 2024, the company’s annual revenue had surged to ₦189.95 billion, marking a 48.55% increase from the previous year. Furthermore, the trailing twelve months (TTM) revenue reached ₦260.83 billion with a net income of ₦37.52 billion, showing a high volume of digital banking services and transaction volumes.
She is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), which shows her extensive financial management and accounting expertise. Additionally, she holds associate memberships with the Chartered Institute of Taxation and the Certified Pension Institute of Nigeria.
Adebimpe Olambiwonnu has shown a commitment to continuous professional development, which has provided her with the skills necessary to navigate the complexities of the financial industry effectively. Her leadership and strategic insight have driven economic growth and operational excellence within Sterling Financial Holdings.
