Board of Directors

Mr. OSAYANDE Ede

Mr. Osayande Ede holds a Bachelor of Science degree from the University of Benin (1979) and a Master in Business Administration from the University of Lagos (1989). He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). An alumnus of several international training institutions including International Institute for Management Development, Lausanne, Switzerland, American Express Bank, New York and New York Institute of Finance, New York.

He has over thirty year’s cognate experience in Banking and Finance which covers various aspect of banking including financial analysis; risk management; banking operations; people’s management and regulatory compliance. He has been the Managing Director / Chief Executive officer of Co-operative Development Bank Plc and Equitorial Trust Bank Ltd. During his tenor as Chief Executive Officer, he also served on the Boards of Financial Institutions Training Centre, (FITC), Lagos and Consolidated Discount House Ltd. At various times of his career, he has been Bank Treasurer and Chief Accountant and Auditor/Consultant in Price Waterhouse Coopers (PWC).

He is a Capital Market Specialist with reputation for organizational restructuring and turn-around.

Mr. Osayande joined the Board of LAPO Microfinance Bank Limited on 12th July, 2011.


Dr. EHIGIAMUSOE Godwin Eseiwi

Dr. Ehigiamusoe Godwin Eseiwi holds a Bachelor of Science degree in Sociology from the University of Benin (1981); Diploma in Cooperative Credit and Savings from the Federal Cooperative College, Ibadan (1987); Master’s degree in Development Studies from the University of Benin (1985) and a Doctorate degree in Policy and Development Studies. He has attended several capacity enhancing courses including the Financial Institutions Programme for Enterprise Development Management (FIPED) of the Kennedy School of Government, Harvard University and the Chief Executive Programme of the Lagos Business School.

He is the founder of LAPO NGO the precursor to LAPO Microfinance Bank Limited. Dr. Ehigiamusoe is an acknowledged microfinance practitioner who began his career as a rural cooperative officer. He plays a leading role in the development of microfinance in Nigeria and Sierra Leone.

He has consulted for a number of local and international microfinance initiatives including the formulation of the Nigerian microfinance Policy and regulatory Framework.

Dr. Ehigiamusoe won the model Entrepreneur Award – Nigeria in 2008 and the Schwab Foundation’s Outstanding Social Entrepreneur for Africa Award in 2010. He is a member of the African Advisory Council of Grameen Foundation, USA.

He was appointed as the Managing Director/Chief Executive Director of the LAPO Microfinance Bank on 21st June, 2010.

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Mrs. DEMUREN Osaretin

Mrs. Osaretin Demuren holds a Diploma in Russian Language & Preliminary Studies from the Kiev University (1970); a Master of Science degree in Economics and Statistics from the Moscow Institute of Economics and Statistics, Moscow (1975). She has attended several executive management programmes at leading global institutions including Harvard Business School, Columbia Business School, IMD Business School (Switzerland), INSEAD (France) and Kellogg School of Management.

Mrs. Demuren has a successful career spanning over thirty years at the Central Bank of Nigeria (CBN) and retired as Director of Human Resource in December, 2009. She has served on the boards of several public institutions including the National Social Insurance Trust Fund (NSITF), Nigerian Investment Promotion Commission (NIPC and Nigeria Export Processing Zone Authority (NEPZA).

She is a member of the Society for Human Resource Management (SHRM) of America, an Honorary Senior member of the Chartered Institute of Bankers of Nigeria (CIBN) and fellow of the Nigerian Statistical Association (NSA).

Mrs. Demuren joined the Board of LAPO Microfinance Bank Limited on 18th January, 2013.


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Mr. AZOKLY Rene

Mr. Rene Azokly holds a Bachelor of Science degree in Economics and Development Planning from the National University of Benin Republic (1986); Masters of Science degree in Finance and Project Management from the Universite` SENGHOR, Alexandria, Egypt (1992). He is an alumnus of several international training institutions.

He is a renowned Microfinance Practitioner and was for years the CEO of PADME, a very successful microfinance institution in the Republic of Benin.  He was the first Chair, Board of Directors of the African Microfinance Network (AFMIN) and a member of Women’s World Banking, New York.

 

Mr. Azokly joined the Board of LAPO Microfinance Bank Limited on 12th July, 2011.

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Mrs. YARO Ahmed Hannatu

Mrs. Yaro Ahmed Hannatu holds a Bachelor of Arts degree in English from the Ahmadu Bello University, Zaria (1986); a Master of Art degree in Gender and Development from the University of East Anglia, United Kingdom (1997) and a post Graduate Certificate in Information Technology for Development from the University of East Anglia, United Kingdom (1997).

She is a renowned consultant, social worker and researcher with over twenty years’ experience in supporting Women with microcredit and Financial Empowerment, Social Protection, Education and Community Development and Management. She has worked with various national and international non-governmental and intergovernmental organisations including the Development Exchange Centre (DEC); Department for International Development (DFID); Canadian International Development Agency/Canadian University Services Overseas (CIDA/CUSO); European Union (EU) and United Nations (UN).

She was staff and Chairman of the Board of Directors of Development Exchange Centre (DEC) and also, an independent consultants in Social Protection, Gender and Rural Development.

Mrs. Yaro joined the Board of LAPO Microfinance Bank Limited as an Independent Non-Executive Director (INED) on 20th May, 2016.

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Olutu Aigbe INEDMr. OLOTU Aigbe

Mr. Olotu Aigbe holds a Bachelor of Science degree in Geology from the University of Calabar (1982). He is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and Chartered Institute of Taxation of Nigeria (CITN).

He has over thirty years’ cognate experience which cut across Accounting, Auditing, Taxation and Financial Advisory. He’s currently the Chief Finance Officer (CFO) of Sahara Power Group Limited, Nigeria.

Mr. Olotu joined the Board of LAPO Microfinance Bank Limited as an Independent Non-Executive Director (INED) on 24th October, 2019.

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Ms. NWACHUKWU Nkemdilim Josephine

Ms. Nwachukwu Nkemdilim Josephine holds a Higher National Diploma in Accounting from Auchi Polytechnic (1997); a Post Graduate Diploma in Banking and Finance from the University of Port-Harcourt (2001) and a Master’s degree in Business Administration from the University of Benin (2008). She’s has attended several international trainings including Microfinance Training in Naropa University, Boulder, Colorado, USA.

She is a renowned microfinance banker with over seventeen years wealth of experience in financial management, auditing and accounting. She is a member of the Chartered Institute of Bankers of Nigeria (CIBN).

She joined LAPO NGO in April, 1997 and rose through various ranks to become a Director, a position she held until her appointment as Executive Director in December, 2014.

Ms. Nwachukwu is currently the Head, Corporate Planning & Strategy Division of the Bank.

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Mrs. OSAZUWA-OJO Faith

Mrs. Osazuwa–Ojo Faith holds a Nigerian Certificate in Education (NCE) from the College of Education, Ekiadolor (1996); a Bachelor of Laws degree from the University of Benin (2005); Barrister at Law from the Nigerian Law School (2006). She has attended several international trainings including the Programme for Leadership Development Training by Harvard Business School.

She has over twenty years of experience in the microfinance sector with rich pedigree in risk management. She is an astute lawyer and a certified microfinance practitioner.

She joined LAPO NGO in February, 1997 and rose through various ranks to become a Director, a position she held until her appointment as Executive Director in December, 2014.

Mrs. Osazuwa–Ojo currently the Head, Operations Division of the Microfinance Bank.

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Madam CY CEOdMrs. IKPONMWOSA Iranmwinran Cynthia

Cynthia Iranmwinran Ikponmwosa is a consummate business professional with over eighteen years experience in Business Management, Programme Management, Corporate Governance, Legal and Regulatory Compliance.

Prior to her appointment as MD-Designate of LAPO Microfinance Bank Limited (subject to the approval of the Central Bank of Nigeria), she was Executive Director, Corporate Services of the bank with responsibility for people, facility and procurement management. She joined Lift Above Poverty Organization (LAPO NGO), the precursor of LAPO Microfinance Bank Limited, in 2001 as a Senior Programme Officer. She anchored the corporate transformation process of Lift Above Poverty Organisation (LAPO) from an NGO to a regulated entity - LAPO Microfinance Bank Limited from 2008 – 2010.

Cynthia holds a Bachelor of Arts degree in English from the Ambrose Alli University (previously known as Edo State University) and a Master of Laws in Corporate Governance and Law from the University of Portsmouth, United Kingdom. She is a member of the Institute of Chartered Secretaries and Administration (ICSA) London; a Certified Microfinance Banker (MCIB) of the Chartered Institute of Bankers of Nigeria; and a member of the Compliance Institute, Nigeria.  She has attended several management programmes in leading educational institutions including the Advanced Management Program of the Lagos Business School and the Chief Executive Programme (Global Edition) at the IESE Business School, Spain.

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Mr. ELIJAH Osadebamwen

Mr. Elijah Osadebamwen holds a Higher National Diploma (HND) in Business Administration and Management from Auchi Polytechnic (1994) and a Master’s degree in Business Administration from the Imo State University (2007). He has attended several national and international trainings including the programmes for General Management Training by Harvard Business School; Advanced Management Training by INSEAD Business School and Chief Executive Training by IESE Business School.

He has over eighteen years’ experience in the microfinance sector with rich pedigree in Business administration. He is a member of the Chartered Institute of Bankers of Nigeria (CIBN).

He joined LAPO NGO the precursor of LAPO Microfinance Bank Limited in August, 2000 and rose through various ranks to become a Director, a position he held until his appointment as Executive Director in July, 2019. He is currently the Head, Business Support Division of the Microfinance Bank.