Ilutitun-Osoro Microfinance Bank Limited is a member of FORTHRIGHT GROUP, comprising forthright securities & investment limited, Forthright properties limited, Forthright manufacturing, Forthright Agro- Allied Co-limited and community members. The promoters are well known for the entrepreneurial skills in their chosen profession, honesty, integrity and commitment to excellence.
We started as Ilutitun-Osoro Community Bank Nigeria Limited with a paid up Capital of Five Million Naira (#5,000,000) on 27th of April 1992 in accordance with the provision in the Community Bank Prospectus. In compliance with fresh regulatory guidelines issued by the Central Bank of Nigeria, the bank raised it shareholders funds to #20,000,000 transformed to a UNIT Microfinance Bank (Ilutitun – Osoro Microfinance Bank Limited). The Bank was incorporated in Nigeria on 21st of April 2008 as a Limited liability Company to carry out the business of making financial services available to a large segment of the potentially productive populace which would have little or no access to financial services. Presently, the bank has authorized share capital of N100 million of which #81 million is fully paid.
To be an empowerment and customer friendly Microfinance Bank in Nigeria.
To deploy latest technology that will assist in efficient delivery of microfinance business, thereby securing the confidence of the people
Growing Together in Trust