Moniepoint appoints Bayo Olujobi as CFO

• Published On: 06 November 2024 at 15:45

Moniepoint Microfinance Bank has appointed Bayo Olujobi as its new Chief Financial Officer, reaffirming the bank's commitment to advancing financial inclusion.

Olujobi, who previously worked at Stanbic IBTC Bank, a member of the Standard Bank Group, brings extensive financial management experience to Moniepoint.

He previously worked as the CFO of Stanbic IBTC Bank and a Non-Executive Director of Stanbic IBTC Capital.

With his extensive experience in financial and regulatory reporting, management accounting, compliance, capital management, and strategic planning, Olujobi is expected to play a critical role in driving Moniepoint MFB's expansion and strategic direction.

Moniepoint Microfinance Bank (MFB) is expanding its management team following the successful completion of a $110 million Series C funding round by its parent company, Moniepoint Inc. This move is intended to strengthen the bank's position as a key financial partner for small and medium-sized businesses in Nigeria.

Bayo, a Certified Treasury Professional, has held a number of senior positions throughout his career, demonstrating extensive experience in finance, business development, strategy, and treasury management.

Olujobi's strategic leadership has significantly improved financial performance and operational efficiency at both Stanbic IBTC and Asset and Resource Management Company, where he previously held senior positions.

His ability to drive results and optimize operations was critical to the success of these organizations.

He is a Certified Treasury Professional, a globally recognized certification that demonstrates his expertise in managing corporate liquidity, capital, and risk.

The CTP designation is regarded as the gold standard in the finance industry, indicating his ability to execute critical financial functions at the highest level.