Nigerian lender Sterling Bank Plc has announced the resignation of Indian Indian investor Paritosh Tripathi from its board.

Tripathi’s resignation was announced in fulfilment of mandatory corporate disclosures for companies listed on the Nigerian Exchange Group. In a regulatory filing to the exchange and signed by the company secretary and chief legal counsel, Temitayo Adegoke, Sterling informed shareholders of Tripathi’s resignation.

Mr. Tripathi, who served on the Board of Sterling Bank as a Non-Executive Director resigned from the lender’s board after an Indian company, SBI General Insurance appointed him as the new Chief Executive in July.

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