AMfB commends new CIBN President

Accion Microfinance Bank has commended the election of a  director of the bank Mr. Olusegun Lawrence Aina, as the President/ Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), the umbrella body for all bankers in Nigeria.

Chairman of the Bank, Mr. Patrick Akinwuntan said, “One of the key success factors of a bank is the quality of its board and management. That is why Accion Microfinance bank’s board comprises individuals with proven track record of professionalism and high ethical standards.  That is even more important given that we manage deposits of low income earners’’

Similalrly, Bunmi Lawson, Managing Director / CEO of Accion Microfinance Bank stated that, “Mr. Aina is a valuable member of our board.We are pleased and honored to have the President of the CIBN on our board as Accion continues to help create a vibrant microfinance industry in Nigeria’’.

With a staff strength of over 200 staff spread across twelve branches and its Head Office, Accion Microfinance Bank with total assets in excess of N2.2 billion and gross loan portfolio of over N1.6 billion, has disbursed loans well over N12 billion since inception to over 75,000 customers.

Accion is a full service microfinance bank committed to empowering low income earners to ensure their future is bright.

However, Aina is a professional banker, past Managing director of Fountain Trust Bank and prior to that, an Executive Director with Ecobank.  He currently sits on the Board of many organizations and also engages in community development related activities like the United Nations Development Programme, Human Development Fund, Osun State, where he sat as Chairman Board of Trustees, among others.

Accion Microfinance Bank’s board of directors is made up of industry leaders in the financial sector, including Mr. Patrick Akinwuntan, Group Executive Domestic bank, Ecobank, Mr. Emeka Emuwa, Managing Director, Citibank Nigeria, Mr. John Fischer, Company Manager for ACCION Investments in Microfinance, Mr. Olusegun Aina, President/Chairman In Council, CIBN, Mr. David Kruijff representing IFC, Mrs. Habiba Balogun, of Habiba Balogun Consult and Mrs. Bunmi Lawson (MD/CEO).  The board is ably supported by an experienced management team. This ensures strong corporate governance to deliver the company’s vision and mission.

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