Babayo Saidu

Babayo SaiduCOO, Non-Interest Banking

Babayo is a 1985 graduate of Economics (BA) and Business Education (BSc.) from The Ohio State University, USA and a 1994 MSc graduate in Banking and Finance from the Bayero University, Kano. He is a consummate Banker and Fellow of Chartered Institute of Bankers of Nigeria with more than 30 years of financial services experience in both conventional banking and Islamic banking. He started his career in 1986 as a Youth Corper with Nigeria – Arab Bank Ltd that later changed name to Assurance Bank where he grew to a Branch Manager role. He later joined Chartered Bank Plc and saw the bank transformed to IBTC Chartered and then Stanbic IBTC Bank Plc. His banking experience covered various areas of operations, credit, Agric banking and lately, Islamic Banking.

He was instrumental to the establishment of the Islamic Banking window of Stanbic IBTC Bank and then SunTrust Non-Interest Banking window. He is one of the few Islamic banking experts in Nigeria with huge impact in the strides made so far in the Islamic banking industry today in Nigeria. He obtained Certified Islamic Finance Executive (CIFE) certificate from Ethica Institute of Islamic Finance and has attended various trainings and conferences on Islamic Banking and Finance across the globe.  

All through Babayo’s career progression he has been involved in setting up new branches where he grew the business to regions, setting up new business from the scratch and turning around a failing business. He is a Director in Tiddo Securities Limited, a dealing member of the Nigerian Stock Exchange registered with SEC/NASD OTC Market as Broker/Dealer and Issuing House/Financial Adviser. He is a Founding member  and Director of TDD Ethica Consulting involved in providing ethical and shari’ah compliant business development and financial advisory services. He is currently a Co-Chairman of the Non-Interest Finance Association of Nigeria and a founding member of Non-Interest Finance Working Group, The group that played the major role in seeing to the establishment of Non-Interest financial services industry in Nigeria.

Babayo joined SunTrust Bank in April 2018 as the Chief Operating Officer, Non-Interest Banking. He loves traveling, reading and researching.