Moniepoint Microfinance Bank has introduced the appointment of Bayo Olujobi as its Chief Monetary Officer (CFO) to enrich the bank’s visionary dedication to powering monetary inclusion.
Bayo Olujobi joins Moniepoint MFB from Stanbic IBTC Bank (a member of Commonplace Bank Group), the place he served because the Chief Monetary Officer and likewise as a Non-Government Director, Stanbic IBTC Capital.
In line with the corporate, Bayo brings a wealth of expertise and a confirmed monitor file in monetary administration, together with monetary and regulatory reporting, administration accounting, compliance and capital administration, and budgeting and technique formulation in addition to strategic management to the bank’s govt group.
Buoyed by the current announcement of a Collection C spherical, the place its holding firm, Moniepoint Inc efficiently raised $110, Moniepoint MfB is solidifying its group to consolidate its place as a bank for small and medium-sized companies in Nigeria.
Olujobi’s profile
With near twenty years of expertise within the monetary sector, Bayo, who’s a Licensed Treasury Skilled (CTP) has held numerous senior roles, demonstrating distinctive experience in finance, enterprise improvement & technique and treasury administration.
- His strategic imaginative and prescient and management have been instrumental in driving monetary efficiency and operational effectivity at each Stanbic IBTC and Asset and Useful resource Administration Firm (ARM) the place he beforehand labored.
- The CTP designation is the gold normal for competency within the finance career and is acknowledged because the main credential in company treasury worldwide which signposts that the person can successfully execute important capabilities associated to company liquidity, capital and danger administration.
- Bayo holds a Grasp of Enterprise Administration, MBA from the Cranfield School of Administration, UK in addition to a Bachelor’s of Science Diploma in Economics from the Lagos State University, the place he completed as Greatest graduating scholar.
Olujobi’s monetary experience has additionally been globally acknowledged because the recipient of the Monetary Providers CFO of the 12 months (West Africa), and Most Progressive Monetary Providers CFO (Africa) on the Acquisition Worldwide International CFO Excellence Awards in 2021 and 2022 respectively.
What they’re saying
Commenting on the appointment, the Group CEO of Moniepont Inc., Tosin Eniolorunda, mentioned:
“We’re delighted to welcome an completed and business-savvy skilled like Bayo to the Moniepoint household.
“His intensive expertise in conventional banking and strategic perception as an revolutionary thought chief can be invaluable as we proceed to develop, innovate, and consolidate our market management within the monetary providers trade. Bayo’s management will undoubtedly strengthen our monetary operations and help our long-term objectives.”
Bayo Olujobi additionally reacted to his appointment stating, “I’m actually excited to have the chance to hitch Moniepoint right now. The bank has developed an unparalleled customer proposition throughout the enterprise and private banking segments and I consider it’s on the slicing fringe of delivering what the buyer craves – a safe, handy and simple platform to handle their monetary lives – Moniepoint is correct on the forefront of this motion.”
What you must know
Moniepoint Inc. lately raised $110 million in Collection C funding, which many consider has now made the corporate one among Africa’s unicorns.
The discovering was led by Growth Companions Worldwide, with different traders like Google’s Africa Funding Fund, Verod Capital, and Lightrock,
In line with the corporate, the capital raised could be used to speed up Moniepoint’s development throughout Africa, constructing an all-in-one, seamlessly built-in platform for African companies.
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