How many banks merged to form Sterling bank?

Sterling Bank was formed through the merger of several banks in Nigeria, primarily the consolidation of four banks: NAL Bank, Indo-Nigerian Bank, and a few others during a series of banking reforms in the early 2000s. Specifically, in 2006, NAL Bank merged with three other banks, leading to the establishment of Sterling Bank. This merger aimed to create a more robust financial institution capable of competing effectively in the banking sector.