STL Trustees Wins Award


The STL Trustees Limited said its position as one of leading brands in the Nigerian corporate trust industry has been reaffirmed with its recent recognition as the “Non-Interest Trustees of the Year 2017″ during the 3rd African International Conference on Islamic Finance organised by The Metropolitan Skills Limited in conjunction with the Islamic Finance Council and the Islamic Finance Institute of Southern Africa.

This award category was 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.

STL Trustees Limited was a delegate Trustee to the first Sukuk Issuance in Nigeria and the Osunstate Sukuk Al-Ijara, which was issued by the government 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 issued in Nigeria - the N100 billion FGN Road Sukuk, 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.

Speaking on the development, the company’s chief executive officer, Funmi Ekundayo 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.”