Stanbic IBTC Bank founder Atedo Peterside has explained what he would be doing after retiring as a non-executive director of the lender.
Peterside announced his retirement on Monday on social media.
Responding to questions about his future, the businessman said on Tuesday on X that he would be focusing on non-banking businesses owned by him and his family among other things.
He wrote, “To those who wondered what I would be doing next, the truth is that over the last decade or so, I juggled my time between 3 broad activities across a number of geographies.
“The Banking & Financial Services Businesses.
“Non-Banking Businesses owned exclusively by me and my family;
“My Foundation + Other National & International NGO Activity + Advocacy & Quasi-Political activism aimed at the pursuit of Good Governance.”
Peterside added, “What I did yesterday was bring my active involvement in 1) above to an end because I convinced myself that it is the one that needs me the least on account of succession planning that, by the grace of God has been largely hitch-free.
“The task of juggling 2) and 3) above remains, but I am confident that I can still manage them with the help of the people around me, whose development I have invested in through the years.
“Limiting myself to 2) and 3) above also considerably reduces the geographical challenges.”
He said he hoped he would now have more time for all the other important family, business, national and international projects that he is still deeply interested in.
