Nigeria: Moniepoint Microfinance Bank Appoints Bayo Olujobi as New CFO
Moniepoint Microfinance Bank has announced the appointment of Bayo Olujobi as its Chief Financial Officer (CFO), reinforcing the bank’s commitment to advancing financial inclusion.
Olujobi joins Moniepoint from Stanbic IBTC Bank, a member of the Standard Bank Group, where he served as CFO and as a Non-Executive Director at Stanbic IBTC Capital.
The bank highlighted that Bayo Olujobi brings extensive experience and a strong track record in financial management, encompassing financial and regulatory reporting, management accounting, compliance and capital management, budgeting, and strategic leadership.
His addition to Moniepoint’s executive team is seen as a strategic move to bolster the bank’s capabilities.
This announcement follows Moniepoint Inc.’s successful Series C funding round, where the holding company raised $110 million. This funding round aims to consolidate Moniepoint MFB’s position as a leading bank for small and medium-sized enterprises (SMEs) in Nigeria.
Related Posts
OmniBSIC Bank Ghana Partners with GACL and EPA to Promote ESG Practices
OmniBSIC Bank Ghana continues to demonstrate its commitment to sustainable Environmental, Social, and Governance (ESG) practices by partnering…
ByMponua Rural Bank Achieves Record Profit of GH¢5.4 Million in 2023
Mponua Rural Bank has reported a remarkable profit of GH¢5.4 million for the 2023 financial year, representing a…
GCB Bank Partners with Visa to Launch Exclusive Premium Cards
GCB Bank Plc, Ghana’s largest commercial bank, has announced a strategic partnership with Visa, a global leader in…
Ghana’s LPG Consumption Rises by 4% in 2023 Amid Economic Rebound
Despite significant challenges in 2022, Ghana’s Liquefied Petroleum Gas (LPG) consumption increased by 4% in 2023, according to…
Gallery
