One of Nigeria’s leading financial service companies, Moniepoint Microfinance Bank has appointed Bayo Olujobi as its new Chief Financial Officer (CFO) to help the company onboard 30 million businesses over the next five years.
Olujobi’s appointment follows over 20 years of experience in the banking sector, where he demonstrated expertise in financial strategy and operational management.
His background includes key leadership roles, notably as a former non-executive director at Stanbic IBTC Capital, the investment arm of Stanbic IBTC Holdings, where he played a critical role in driving financial performance and efficiency.
As a former non-executive director at Stanbic IBTC Capital, the investment arm of Stanbic IBTC Holdings, Olujobi’s appointment with Moniepoint continues a trend of top fintech startups tapping up talents from banks and other fintechs.
His strategic vision and leadership were pivotal in enhancing financial performance and operational efficiency at Stanbic IBTC and Asset and Resource Management Company (ARM), his previous workplaces.
Showing appreciation for the new appointment, Olujobi said “am really excited to have the opportunity to join Moniepoint at this time. The bank has developed an unparalleled customer proposition across the business and personal banking segments and I believe it is on the cutting edge of delivering what the consumer craves – a secure, convenient, and easy platform to manage their financial lives.”
Welcoming him to his new appointment, the Group CEO of Moniepont Inc., Tosin Eniolorunda, said “We are delighted to welcome an accomplished and business-savvy professional like Bayo to the Moniepoint family.”
“His extensive experience in traditional banking and strategic insight as an innovative thought leader will be invaluable as we continue to grow, innovate, and consolidate our market leadership in the financial services industry. Bayo’s leadership will undoubtedly strengthen our financial operations and support our long-term goals,” Eniolorunda added.
With Moniepoint’s recent milestone of about $110 million surge in Series C funding, the company has experienced more recognition across Africa, causing its seamless integration into African business.
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