Ownership

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.

SAVINGS

CURRENT

LOAN

About Us

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.

OUR VISION

To be an empowerment and customer friendly Microfinance Bank in Nigeria.

OUR MISSION

To deploy latest technology that will assist in efficient delivery of microfinance business, thereby securing the confidence of the people

Motto

Growing Together in Trust

Our Products

Meet the Directors

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FAROMOJU JOHNSON TENIOLA

CHAIRMAN
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DURO OLATUNJI

DIRECTOR
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FAROMOJU GOKE

DIRECTOR
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ISAAC AKINTOYE

DIRECTOR
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OHIZEMOKHAI MASCOT

MANAGING DIRECTOR
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SAM ENIOLA BALOGUN

DIRECTOR
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Management Staff

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AKAME SUNDAY

HEAD OF OPERATIONS

MCB ( IN VIEW ), MASTERS IN BUSINESS ADMINISTRATION (MBA, FINANCE OPTION) B.SC (ACCOUNTING) 2004, N.C.E. (ACCOUNTING OPTION) 1997

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BAMGBAYE ADETUNJI IDOWU

HEAD OF MARKETING & CREDIT

MCB (2014), PGD (2014), MBA (IN VIEW ), HND GEO/MINE (2006), MCILRM, MAERP, AISMN.

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AYELABOLA SAMSON

ACCOUNTANT

HND ACCOUNTING UPPER CREDIT (2006).

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AKINDELE AYODEJI

OPERATIONS OFFICER

M.ENGR. AGRIC (2014), B.ENGR. AGRIC (2009), NIM (2011), ISMN (2010), MCB (2018).

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ENIKUEMEHIN OLAKUNLE

INTERNAL AUDITOR

B.SC ACCOUNTING (2008)

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