Moniepoint Microfinance Bank (MFB) has announced the appointment of Mr. Bayo Olujobi as its new Chief Financial Officer (CFO). Olujobi, who previously served as CFO at Stanbic IBTC Bank and a non-executive director at Stanbic IBTC Capital, joins Moniepoint with extensive experience in financial management, regulatory reporting, and budgeting.
With nearly two decades in the financial industry, Olujobi’s expertise extends to treasury management, earning him recognition as the Financial Services CFO of the Year (West Africa) in 2021 and Most Innovative Financial Services CFO (Africa) in 2022 by Acquisition International Global CFO Excellence Awards.
The recent $110 million capital investment secured by Moniepoint’s sister company from major investors like Google’s Africa Investment Fund, Development Partners International, Verod Capital, and Lightrock has energized Moniepoint MFB’s growth as a preferred bank for SMEs in Nigeria.
In a statement to 9am News Nigeria, Tosin Eniolorunda, CEO of Moniepoint Inc., expressed enthusiasm for Olujobi’s addition to the team. “Bayo’s leadership will undoubtedly strengthen our financial operations and support our long-term goals. His experience in both traditional banking and innovative strategies will be invaluable as we grow, innovate, and solidify our market leadership.”
Olujobi, in turn, shared his excitement about joining Moniepoint, remarking, “The bank has developed an unparalleled customer proposition, meeting the evolving needs of both business and personal banking segments. Moniepoint is at the forefront of delivering secure, convenient solutions for managing financial lives, and I’m thrilled to be part of this journey.”
Moniepoint MFB’s continued strategic expansions under Olujobi’s leadership aim to further secure its position as a leading financial services provider in Nigeria’s SME sector.
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